Financial services firms are turning to Business Spend Management (BSM) as a Strategic Solution
Beset by competitors and burdened by ever-shifting regulatory requirements, financial services firms are turning to cloud-based technology to gain better control over—and visibility into—spending. In the process, they are becoming fiercer competitors.
Download this ebook for insights into how you can improve your organization's financial health and how:
A cloud complete-BSM solution can track and measure all purchasing activities, identifying patterns that provide opportunities for negotiating discounts, and better managing risk
To increase savings across source-to-contract, procure-to-pay, travel & expense management, as well as risk and supplier management
Modern technology enables the finance function to take cost-management to a deeper level—without investing in IT infrastructure
Published By: OpenText
Published Date: Mar 02, 2017
Watch the video to learn how Procure-to-Pay (P2P) solutions automate B2B processes to help you gain better visibility into transaction lifecycles, improve efficiency, and increase the speed and accuracy of order, shipping, and invoice processing.
Published By: SAP Ariba
Published Date: Oct 11, 2018
Procurement organizations are moving in substantial numbers to implement integrated technology suites in areas like source-to-contract and purchase-to-pay. A new generation of technology has made it possible for these technologies to move to the cloud, simplifying maintenance and administration. A recent Hackett Group study analyzed the use of e-sourcing suites to uncover trends, benefits and drawbacks to unifying these processes in one solution. For organizations already invested in optimizing sourcing execution efforts, the arguments for moving to an integrated suite are compelling.
We came to the above conclusion because even though suites solved many of the problems of independent, standalone modules to support integrated procurement processes in terms of data management nightmares, process inefficiency and visibility gaps that were common with first generation "best-of-breed" solutions, many mature organizations are increasingly finding that suites are not enough if they do not connect into larger enterprise processes and support the stakeholder organizations that procurement needs to work with. Are you with us? If you are, then you know that something else is needed: a source-to-pay (S2P) procurement
Since 2001, PayStream has assisted organizations’ accounting, finance,
and procurement departments to streamline processes, increase
efficiency, and generate growth. The purpose of the majority of these
projects is to assist with the initial RFP for, review of, and final selection
of software solutions. The Navigator began as a straightforward
spreadsheet model used to score solutions on pricing structures,
functional offerings, and how they addressed any unique needs specific
to an organization. Over the course of numerous engagements, it
became clear that there was a sincere market need for a quantifying
tool, and the Navigator became much more.
An intelligent, searchable network monitoring fabric with 100% accuracy sounds pretty useful. But can you calculate a solid ROI to justify it? We all know intuitively that there are substantial bottomline benefits to reducing unplanned network downtime and improving the management of corporate risk. It follows that it also pays dividends to free up highly skilled Tier 1 and Tier2 engineers to resolve the most difficult and costly network issues. That way, you can use less expensive personnel to handle the more common, numerous, and easily resolvable problems.
But justifying a network investment using soft, intuitive arguments like these alone often doesn’t suffice in an economic climate where budgets are closely guarded and business cases for procurements are mandatory. And depending on what industry you are in, the cost savings potential and payback will vary.
Download this Whitepaper for more information.
Oracle Procurement & Spend Analytics increases visibility into the complete procure-to-pay process, including comprehensive spend and procurement analysis, supplier performance and payables analysis, and employee expense analysis. Find out more now.
Forrester Research evaluated the 11 most significant eProcurement providers against over 60 different criteria. This report details their findings about how well each vendor fulfills the criteria and where they stand in relation to each other. Sourcing and vendor management professionals can use this report to select the right partner for their procure-to-pay (P2P) projects.
Modern eProcurement solutions promise greater efficiency through improved AP integration, tighter controls, standardized processes, and supplier connectivity. This Paystream Advisors survey report focuses on current attitudes toward eProcurement solutions, how they're being used, and why (and how) that usage is changing. The report also includes an overview of eProcurement capabilities, best practices, and selection criteria.
For mid-size and larger organizations, it's critical to have efficient eProcurement and Procure-to-Pay (P2P) solutions that work closely with their installed financial structure (most likely ERP systems, like those from Oracle and SAP).
This report provides guidance not only around the technical steps involved in integrations, but also the human and organizational readiness required to make cloud P2P and ERP integration a success - along with a real-life implementation case study.
Manual processing of vendor invoices presents a roadblock to the success of your accounts payable (AP) department and overall business objectives. As you look to automation to get your company on the right track, consider this guidebook your map along the 7-step path to AP automation success.
This ebook explores:
1. Typical gap areas between revenue & expense operations
2. Strategy for what to address and in what order
3. Leveraging the majority of existing tools & systems
4. Benefits of integrating revenue & expense data
We all know that teamwork makes the dream work. And in the case of procurement and accounts payable (AP), this rings especially true.This IOFM white paper explores the negative effects of dissociated procurement and AP departments and the benefits of integrating them with an automated, end-to-end P2P workflow, including:
-Fewer duplicate payments & improved ROI
-More collaborative teams & increased efficiency
-Heightened business intelligence from greater visibility & reporting
Digital transformation of P2P processes doesn’t just mean using the latest technology to check boxes or implementing automation for automation’s sake. Rather, it is a philosophy that drives action and brings new levels of speed and efficiency to businesses that choose to embrace it.This 2019 Levvel Research report is equipped with valuable insights and powerful statistics about the digital transformation of P2P cycles and will guide you through topics including:
Current P2P practices & where they fall short
The evolving state of procurement and AP culture, identity & technology
Features & benefits of P2P software solutions
Whether you’re looking to make your first eProcurement purchase or expanding technology usage across the full range of spend management process, the Forrester Wave: eProcurement Report identifies leading eProcurement solutions.
This paper illustrates that solutions exist today, both as traditional software and Software as a Service, with a proven track record of success in helping companies make the transition to 100% electronic AR invoicing.
This buyer's guide provides you with the key topics and the most important questions to ask an AP solution provider so that you can select the most appropriate AP solution to meet both your business and process needs.
Think about the process in your company for a minute. How much time and money is wasted waiting for an invoice to arrive, then walking the document around to be coded, approved, and finally paid? Discover how a touchless invoice processing can help.
Procurement organizations are moving in substantial numbers to implement integrated technology suites in areas like
source-to-contract and purchase-to-pay. A new generation of technology has made it possible for these technologies
to move to the cloud, simplifying maintenance and administration. A recent Hackett Group study analyzed the use
of e-sourcing suites to uncover trends, benefits and drawbacks to unifying these processes in one solution. For
organizations already invested in optimizing sourcing execution efforts, the arguments for moving to an integrated
suite are compelling.