eProcurement & Procure-to-Pay Resources

So many organizations that select an all-in-one, Source to Pay solutions (which typically go 30,000 feet wide and about a half inch deep) are frustrated with the cumbersome purchasing interface that only a procurement professional could understand.

We are excited to announce that BuyerQuest has been featured as the cover story in the Procurement Edition of CIO Applications Magazine. The article, “Bringing a B2C User Experience to Corporate Procurement”, highlights our unique value proposition to large and small corporations alike, with our ability to transform the complex corporate buying process into a simplified, B2C-like shopping...

We live in a time of enormous change for Supply Chains. In the last decade, we have seen massive technology shifts that have disrupted industries and redefined competitive market boundaries. While much of the focus on these shifts has largely centered around the move to cloud and the advancements being made in cognitive computing, there is one massive shift underway across the Supply Chain that,...

Gallup estimates that U.S. companies lose $50 - $150 billion annually due to failed IT projects. When it comes to procurement, 80% of enterprises “lack the capability to successfully deliver on their postmodern ERP strategy,” according to Gartner. After years of implementing eProcurement solutions, it’s clear that  a leading cause of Procure-to-Pay (P2P) project failure is haphazard change...

Cutting costs notoriously falls on the shoulders of Chief Procurement Officers (CPOs). As the role of CPO continues to grow in complexity, pressures multiply. According to a report from Ardent Partners, only 51% of CPOs now view cost reduction as a the top challenge today (down from 65% in 2011). While cost reduction is still a critical metric, CPOs and executives are troubled with “softer”...

When it comes to implementing new technology, there is one fundamental metric all procurement teams should measure: user adoption.  Why is this metric so important? All the work you do to secure and launch new software doesn’t matter if employees don’t adopt a new process. As most executives have learned the hard way, improving Procure-to-Pay (P2P) user adoption isn’t easy. Employees need a good...

The Procure-to-Pay (P2P) process starts with the requisitioning of goods and services and ends with processing payments to suppliers. But a fully integrated P2P system is more than that. P2P is  an efficient and effective solution that incorporates touchless automation to reduce errors and improve your company’s bottom line. Not sure what next-generation P2P can do for your business? Below, we’ve...