Blog

Blogs on Requisition & Procurement, Expense,
AP Automation, Gift and Donor Processing, and more.

Author: Khensa

Make a Case for Automation - Procure to Pay - ROI Calculator
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Making a Case for Procurement Automation

Procure-to-Pay professionals must find clear, compelling ways to communicate the potential savings and benefits of P2P automation to their organization’s decision-makers when making a case for automation. One persuasive argument lies in the savings organizations can achieve using a robust procurement solution. Any system that takes the burden away from all the touch points should be able to give you at least 50 to 60 to maybe 70 percent savings on the cost to process a requisition or a purchase order. Procurement professionals should first assess their organization’s current procurement state and expenses, then demonstrate the savings that can be delivered by P2P automation. To this end, Paramount WorkPlace and PayStream Advisors have collaborated to develop the Procure-to-Pay Calculator.

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p2p Fueling Digital transformation
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P2P Is Fueling Digital Transformations

A company’s use of P2P software is a key indicator of its digital transformation strategy, as P2P software brings a technological approach to the entire process. Digital transformation is the integration of digital technology into all areas of a business, with the goal of strategically improving how a company operates and delivers value to its customers. The term “transformation” is somewhat misleading, though, as it implies there’s a finite point when a company has “transformed.” In reality, the commitment to digital transformation is a commitment to continual improvement, constantly challenging the status quo in order to improve processes, streamline workflows, promote accuracy and efficiency and provide the best value to stakeholders.

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Blog

Procurement Integration with Your ERP

What do you evaluate when selecting software to integrate with your ERP? Explore key areas of consideration and what to ask during your evaluation. Skipping any important area may cost you time, money, productivity, and challenges with your data accuracy.

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2019 Guide to Procure-to-Pay & Digital Transformation
Paramount WorkPlace

Guide to Procure-to-Pay & Digital Transformation

Gain new insight from the most recent procurement data and how to leverage artificial intelligence, machine learning, OCR, and new technologies to optimize your Procure-to-Pay processes. Read 2019 Guide to Procure-to-Pay & Digital Transformation Report

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When Good Procurement Goes Bad
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When Good Procurement Goes Bad

When Good Procurement Goes Bad. 7 Mistakes to avoid that ensures your procurement process helps advance your organization’s procurement strategy and drive efficiency at every step of the procurement cycle.

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Making a case for Procurement Automation
Blog

Making a case for Procurement Automation

An organization must first transition its procurement process from manual into automated to capitalize on AI and Business Learning. Making a case for procurement automation, here is how you can determine potential savings and find a clear way to communicate the benefits of P2P automation to decision-makers.

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