eProcurement & Procure-to-Pay Resources

Procurement Challenges in Enterprise Asset Management

Posted by BuyerQuest on June 3, 2020 at 10:15 AM
Enterprise asset management systems (EAMs), such as IBM Maximo, deliver clear value to businesses managing important physical assets. However,  they often fall short in the area of Procurement, delivering a cumbersome experience for the purchase of materials needed to support maintenance or service calls, taking time and resources away from their focus -- keeping assets available.  
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How BuyerQuest Enables AP Automation

Posted by BuyerQuest on May 28, 2020 at 11:00 AM
We’ve recently discussed the challenges, analysts’ opinions, and visions of the future for AP automation. BuyerQuest customers have seen the value of automating accounts payable as part of a broader procure-to-pay strategy and have achieved impressive results transforming their cumbersome, manual accounts payable processes and building intelligent, automated workflows that save time, resources,...
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BuyerQuest Featured in Fortune 500 Magazine

Posted by BuyerQuest on May 19, 2020 at 10:03 AM
Recently,  Jack Mulloy, CEO of BuyerQuest, was interviewed for an article in Fortune Magazine entitled, "Improving Bottom-Line Performance with AP Automation". For regular readers of our blog, you know that we have been discussing the challenges and opportunities facing executives who are struggling to digitize and automate their accounts payable processes, highlighting the breadth of the issues...
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Gartner: Success With AP Invoice Automation Requires More Than Paper to Digital

Posted by BuyerQuest on May 13, 2020 at 10:00 AM
In virtual meetings everywhere, C-level executives are likely asking questions about how to better automate and streamline processes that have been revealed to be substandard.  One manual, paper-heavy, cumbersome process that should receive attention is accounts payable. 
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Challenges and Benefits of Automating Accounts Payable

Posted by BuyerQuest on May 6, 2020 at 11:30 AM
If businesses are learning anything from the current crisis, it’s that the goal of automation and paperless processes is more than just noble, it’s critical.  At many companies the accounting team has suddenly become “essential” and still must make their way to the office periodically to manually process incoming payments and payables. This likely means opening mailed invoices, stamping them as...
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Why Procurement Software is the Future of Business

Posted by BuyerQuest on April 14, 2020 at 3:00 PM
The 21st century’s atmosphere for businesses has been defined by software which has influenced nearly every business sector there is. From team management software at corporations to CRM software at top businesses, it’s true enough that SaaS is the future of entrepreneurship. However, we have moved past this ideology and have centered our attention on one specific line of software instead.
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How Procurement Executives Can Find Opportunities During Slowdowns

Posted by BuyerQuest on April 14, 2020 at 9:48 AM
For many of us, these unprecedented events have caused us to transform our normal business day.  Office meetings and vendor-focused conversations have been significantly reduced and replaced with helping with homework and coming up with creative activities for our children. 
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How to Identify a Best-in-Class P2P Solution

Posted by Katie McEwen on March 1, 2020 at 9:10 AM
Finding the best Procure-to-Pay (P2P) solution to meet your organization’s needs and goals is no small feat. The ideal P2P solution will take the entire organization to the next level through improved realized savings, compliance, and operational efficiencies. So, how do you identify a best-in-class P2P solution? To start, I’ve outlined these must-have characteristics below.
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The Most Overlooked Procure-to-Pay Requirement

Posted by BuyerQuest on February 11, 2020 at 9:39 AM
In the early 1960s, renowned business psychologist, Harold Leavitt, developed what he referred to as a four-part, “Diamond” model for driving change in an organization. In the years since, that model has been consolidated to three primary focuses that many organizations still use today: 
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Beyond the Questions: What Your Procurement RFP Needs to Include

Posted by Evan McEwen on January 16, 2020 at 10:58 AM
The eProcurement and Procure-to-Pay (P2P) market is brimming with options, from best-in-breed to end-to-end solutions. So, how do you identify the best fit for your organization? A comprehensive, calculated Request for Proposal (RFP) is mission critical to selecting the ideal solution for long-term success. In fact, your team might spend hours drafting each question with purpose. The number of...
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