Spend Matters 2024
In Spend Matters' most recent assessment, GEP Software has achieved the top scores in 12 essential categories in the Spend Matters Spring 2024 SolutionMap. Go through this report to know about the assessment in detail.
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Turning Procurement Software Into a Solution: 3 Secrets to Effective Execution
March 22, 2024 | Procurement Software
Procurement leaders are embracing technology to revolutionize their function, with visions of streamlined processes, data-driven insights and cost savings dancing through their heads.
Yet, translating that vision into reality hinges on one critical factor: execution.
Execution is about more than deployment; it’s about how you drive your customer’s success.
This blog explores three pillars of effective execution that ensure your procurement transformation project delivers lasting value.
Contract Management in Procurement: Maximizing Value and Minimizing Risk
March 22, 2024 | Contract Management
Creating a contract agreement with a vendor and implementing the contract are two different things. This is the hard reality many enterprises have realized.
Contracts are hard fought and negotiated, created, filed and, sadly many a times, forgotten. This means that all the hard work done by procurement in negotiating favorable contract pricing and terms with vendors goes to waste.
The New Era of ERP and Advanced Supply Chain Management
March 11, 2024 | Supply Chain Software
Delivering products and services to customers efficiently and cost-effectively remains the primary mission of procurement and supply chain leaders, even as they navigate an unpredictable economy, severe weather, geopolitical conflicts and supply chain challenges.
But these objectives can be achieved thanks to leaders finding advanced technologies that fuel digital supply chain transformation and modernization.
An Essential Guide to eSourcing Software
March 05, 2024 | Procurement Software
As procurement and sourcing professionals constantly seek innovative tools to enhance their operations, esourcing software, a pivotal technology reshaping how companies evaluate, select, and collaborate with suppliers can prove to be a major advantage.
This technology has become more crucial than ever, with the procurement landscape constantly evolving due to supply chain hurdles, the push for digitalization and the complexities of managing diverse spending categories.
How to Choose the Right Supplier Management Solution for Your Business
March 04, 2024 | Supplier Management Technology
Supply chains are becoming increasingly complex and interconnected, and disruptions have started to emerge from unexpected quarters, highlighting the need for resilience in supply chain management.
For enterprises, this underscores the importance of effectively managing their suppliers to mitigate risks and maintaining continuity of operations.
The importance of supplier management cannot be overstated.
2024 GEP Procurement & Supply Chain Tech Trends Report
Procurement & Supply Chain Tech Trends — 2024
What To Look For in Contract Management Tools
February 02, 2024 | Contract Management
The absence of a centralized contract management system severely impacts organizations by scattering vital data across siloed repositories.
This fragmentation restricts visibility and access, obstructing compliance efforts as holistically monitoring obligations grows difficult, escalating audit failure risks.
Revenue leakages also multiply as spend and unused entitlements evade detection without consolidated analytics.
Contracting workflows turn cumbersome when accessibility issues hinder tasks like search, retrieval and analysis, stagnating productivity.
The AI-Powered Evolution of Software for Purchase Order
February 02, 2024 | Procurement Software
The procurement process has come a long way from the days of paper forms and manual processes. The rise of digital transformation and intelligent software has led to significant improvements in efficiency, transparency, and oversight in managing purchase orders.
Understanding Procurement Apps and Their Use Cases
January 24, 2024 | Procurement Software
Migrating key workflows such as contract management, supplier information tracking or spend analytics onto mobile procurement apps has been enabling procurement leaders to empower employees and business partners with on-demand access for maximized value delivery to the enterprise.
This blog post discusses the must-have phone/tablet-based use cases alongside current considerations for harnessing true mobility productivity without data fragmentation through a procurement software platform-driven approach.