eProcurement & Procure-to-Pay Resources

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BuyerQuest

Recent Posts

Integrating BuyerQuest Marketplace - a Real-World Example

Posted by BuyerQuest on January 27, 2021 at 10:00 AM
For one business, the challenges of managing procurement across decentralized,  diverse business units, geographies and users became a challenge with their existing enterprise SRM system.  Like many businesses, the user group wanted a business to consumer buying experience when they made purchases at work.  Integrating BuyerQuest Marketplace with their existing requisition system was able to...
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Gartner Report: Strategic Planning: Assessing the Risk and Value of Procurement Applications

Posted by BuyerQuest on January 20, 2021 at 9:47 AM
As the new year begins, businesses are beginning to execute on their 2021 strategic plans. For many companies, this means applying the learnings of 2020 and the failures of manual processes during the pandemic. A key area of opportunity is the automation of procure-to-pay processes. Unfortunately, for many businesses, the pandemic has squeezed budgets and limited IT spending.
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5 Procurement Issues Marketplace Technology Can Solve

Posted by BuyerQuest on January 13, 2021 at 10:00 AM
Companies have invested millions of dollars over the years to automate processes, improve resource efficiency and eliminate paper. From HR to Manufacturing to Purchasing, the use of technology to reach these goals has had varied success. For companies that have struggled to achieve the goals of their original technology investment may be reluctant to consider the addition of more technology to...
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The Importance of Marketplace to Procure-to-Pay

Posted by BuyerQuest on January 6, 2021 at 10:00 AM
With each new year, the number of “buyers” at a business continues to grow. Whether it is a repair technician looking for a replacement part, a franchisee who needs paper for the printer, or a marketing coordinator buying print services, the purchasing function has expanded far beyond the corporate buyer. Procurement organizations have been adapting to this paradigm shift by acquiring advanced...
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3 Procurement Trends Organizations Need to Consider in 2021

Posted by BuyerQuest on December 16, 2020 at 10:00 AM
Usually, this time of year articles begin to appear stating that “Procurement is at a crossroads” or something to that effect. As the calendar rolls to 2021, this may be the year where that statement rings true.  The COVID-19 pandemic in 2020 came quickly and offered little time to prepare.  Companies with well-organized emergency plans activated those plans, but they were the minority.  Most...
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Highlights: 2020 Virtual Procurement Events

Posted by BuyerQuest on December 9, 2020 at 10:00 AM
While positive developments in 2020 were few, the transition by many organizations from face-to-face conferences to virtual events created a tremendous opportunity.  Many sessions were recorded and made available following the conference. Unlike any other year, the wealth of real-world experiences of procurement industry luminaries and practitioners shared during these virtual sessions is...
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End of Year Wisdom: AP Automation Trends for 2020 and Beyond

Posted by BuyerQuest on December 2, 2020 at 10:00 AM
The past year has been unlike any other in recent history. The word unprecedented may be overused to describe the tragic loss of life, lockdowns and restrictions imposed as a result of the global pandemic, but it is accurate. Businesses of all sizes quickly learned how nimble they were as the move to remote work or the complete shutdown of facilities created a domino effect across departments and...
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BuyerQuest MarketPlace and Maximo Demonstration at MUWG

Posted by BuyerQuest on November 18, 2020 at 12:14 PM
At the recent virtual Maximo Utility Working Group (MUWG) conference, industry leaders met to share experiences and learn best practices from peers within the Maximo utility user community.  During one of the breakout sessions, Scott Smith, Site Manager at Skookum and Kyle Muskoff, Chief Revenue Officer at BuyerQuest shared their presentation called, “Enhancing the Maximo Catalog Ordering...
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Learning and Opportunities from the Pandemic - Recent ProcureCon Session

Posted by BuyerQuest on November 11, 2020 at 11:20 AM
Recently, procurement executives participated in the ProcureCon Indirect Virtual Event, a 3-day event of core procurement discipline sessions and discussions regarding the ongoing response of procurement through the pandemic. Steve Braat,  VP of Business Strategy and Development at BuyerQuest joined executives from AAA and Citrix for a ProcureCon panel discussion entitled, “Panel: Capitalizing On...
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Digitizing the Invoice to Payment Process

Posted by BuyerQuest on November 4, 2020 at 10:00 AM
A 2019 Payables Insight Report notes that 37% of all invoices received by businesses of all sizes still come from paper.  Even large enterprises still receive 22% of invoices as paper. The report also highlighted that small and medium enterprises (SMEs) perform manual data entry for 86% of their invoices. 
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