eProcurement & Procure-to-Pay Resources

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BuyerQuest

Recent Posts

Gartner® : Procurement’s Critical Role in Boosting Supply Chain Resilience

Posted by BuyerQuest on November 11, 2021 at 4:58 PM
The last few years have created uncertainty and risk for supply chains. Businesses have navigated uncertainty from the COVID-19 pandemic and other global and regional events. Rather than a steady return to business, labor constraints, supply issues and a rapid increase in demand have compounded the pressures experienced early in the pandemic, impacting the availability of raw materials, labor and...
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Disruptive Digitalization at Sourcing Industry Group Global Executive Summit

Posted by BuyerQuest on October 20, 2021 at 3:10 PM
Varis was excited to participate in and demonstrate the BuyerQuest platform at the recent SIG 2021 Global Executive Summit at the Omni La Costa Resort and Spa.  These events are an opportunity for procurement executives to gather and share best practices, cost reduction strategies and other approaches designed to innovate and mitigate risk.  The event included roundtables, keynote and breakout...
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Sustainability and the Role of Procurement

Posted by BuyerQuest on October 6, 2021 at 11:30 AM
We recently published a post discussing the increasing importance of Environmental Social and Governance (ESG) to corporations and the impact procurement can have by engaging in these types of programs on behalf of their businesses. Among the areas of ESG where Procurement can have an impact is sustainability.
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Environmental, Social and Corporate Governance (ESG) and Procurement

Posted by BuyerQuest on September 22, 2021 at 11:30 AM
As businesses begin their slow, deliberate return to normal operations, many Procurement organizations are finding their role and influence diminishing.  The business is no longer operating in “crisis” mode when the focus was on cost savings and predictable supply in the face of the uncertainty of the last year.  With the return of more traditional corporate goals comes the potential for...
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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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