eProcurement & Procure-to-Pay Resources

Recent Posts

The Importance of the User Experience in Procure-to-Pay

Posted by BuyerQuest on August 18, 2021 at 1:42 PM
As a result of the recent pandemic, companies of all shapes and sizes became geographically dispersed. Whether the business was a small, local operation, or a larger company in a single office space, each had to experience the challenges of their larger, geographically dispersed counterparts.  Employees working from home likely found themselves struggling with processes that were otherwise simple...
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Automating the Procure-to-Pay Process

Posted by BuyerQuest on July 28, 2021 at 12:39 PM
As we have mentioned before, the procure-to-pay cycle is a complex combination of steps involving several stakeholders inside and outside of the Procurement organization. The process requires layers of approval, reporting and auditability that become difficult to manage in paper-driven, manual environments. Automating the procure-to-pay process offers tangible benefits in cost savings, user...
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Punchout Catalogs and Procure-to-Pay

Posted by BuyerQuest on July 14, 2021 at 11:00 AM
Many purchasing organizations take advantage of punchout catalogs as a method to access their supplier’s product catalog that offers users a more web-based option for purchasing certain items. A punchout catalog is a mechanism where the buyer “punches out” of the ERP, MRP or other purchasing application to the vendor’s website. While there are benefits to using punchout catalogs, leading...
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Why is Buying at Work So Complicated?

Posted by BuyerQuest on June 30, 2021 at 11:00 AM
Buyers for a company come in all shapes and sizes these days. The most common buyer would likely be the corporate buyer who manages and purchases for multiple categories daily. This person is an expert in navigating the company’s purchasing process since it’s their job. On the other hand, the line worker who needs to purchase a new part, or marketing representative who needs printing services,...
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What is the Procure-to-Pay Cycle (P2P)?

Posted by BuyerQuest on June 16, 2021 at 9:47 AM
P2P, B2C, B2B, and AP are just a few of the many acronyms that individuals just starting to research procurement and procurement technology may be exposed to and need to learn more about. As businesses move back to normal operations, these acronyms become important as the purchasing team begins to see opportunities to automate processes that have been historically manual and were revealed to have...
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Driving Value with BuyerQuest® Procure-to-Pay

Posted by BuyerQuest on May 21, 2021 at 10:15 AM
Recently the BuyerQuest team was able to participate in two procurement-focused events where we could share our experiences automating and streamlining the procure-to-pay process for leading companies. During these sessions, BuyerQuest discussed the internal and external pressures facing procurement professionals and the role that the BuyerQuest technology platform plays in addressing these...
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Treating your Internal Buyers as Customers to Drive User Adoption

Posted by BuyerQuest on May 7, 2021 at 3:45 PM
Purchasing is no longer a centralized process involving a team of buyers.  Everyone is a potential buyer at a company.  Whether it is purchasing Marketing services, buying a replacement part for a piece of machinery, or procuring a corporate laptop for a new employee, buying happens throughout the organization.  
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Gartner: 4 Tactics Procurement Can Use to Sustain Influence as Economic Conditions Improve

Posted by BuyerQuest on April 8, 2021 at 10:45 AM
Businesses are continuously measuring their operational efficiency against market and supply uncertainty as the pandemic continues. Procurement organizations have taken the lead over the last year as the corporate focus has been on managing costs and ensuring continuous supply. Historically, as conditions improve, and corporate focus turns toward different goals, procurement’s level of influence...
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5 Signs that it’s Time to Implement B2C-like Procurement Technology

Posted by BuyerQuest on April 1, 2021 at 2:30 PM
As businesses return to a form of normal operations, executive teams are reviewing the last 12 months to understand what went well and where opportunities for improvement may lie. Technology played a critical role for most corporations, as they moved away from offices to home-based operations. Technology will play a critical role moving forward as these companies adapt to the changing environment.
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Challenges of Procurement Across Regions and Geographies

Posted by BuyerQuest on March 24, 2021 at 10:00 AM
The recent pandemic has driven more businesses away from a central HQ model to a more distributed environment with a remote workforce. These businesses join industries that have historically been geographically dispersed. Multinational corporations, franchises, and other business types have to manage geographically diverse business units. For example, according to Statistica, there are over...
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