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eProcurement & Procure-to-Pay Resources

BuyerQuest adds Settlements to its Procure-to-Pay solution

Posted by Kyle Muskoff on March 16, 2017 at 9:00 AM
Anyone who works in procurement knows that supplier payments can often be a cumbersome and disjointed process. Whether the business is large or small, this gray area between finance and procurement is often handled manually, costing time and resources, and making compliance challenging.
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Millennials are Changing Procurement. Are You Ready?

Posted by BuyerQuest on March 7, 2017 at 2:54 PM
According to census analysis by the Pew Research Center, Millennials now make up one third of the work force, making them the largest share of the Amercian workforce. It is expected that by 2020, Millennials will be half of the workforce. This unique generation is on its way to becoming a dominant force both within and outside of their organizations.
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What Playing the FUD Card Says About You

Posted by Matt McCarrick on February 27, 2017 at 9:00 AM
 There was an interesting LinkedIn post making the rounds at BuyerQuest last week that was written by Ben Armstrong from Telstra Ventures and titled “Why choosing a smaller vendor is good for your business, the economy and your career.”   In the post, Ben examines the conundrum faced by decision makers tasked with selecting vendors for enterprise software applications.   The aging, entrenched...
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eProcurement and the role of PunchOut Sites (Part 2)

Posted by Dan Utyuzh on February 21, 2017 at 8:00 AM
  In Part I of this series on the role of PunchOut sites within the eProcurement context, we talked about the many reasons why suppliers embrace and prefer an organizational eProcurement strategy that is heavily reliant on PunchOut sites.  This makes sense insofar as these PunchOut sites drive higher revenue and margins for the supplier, and an upselling opportunity at check-out  that they fully...
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eProcurement and the Role of Punchout Sites

Posted by Dan Utyuzh on December 20, 2016 at 2:00 PM
In the early days of eProcurement, the only type of catalogs were ‘static catalogs’. With static catalogs, suppliers would send a MS Excel (.xls) or .csv file to their customer. The customer would manipulate, format, and eventually load the static catalog into their respective eProcurement system. At this time, the ERP solutions (and Ariba) were really the only solutions that supported internal...
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2017 Trend: Millennials Are Redefining Your Software Usability Requirements For The Supply Chain.

Posted by Jack Mulloy on December 9, 2016 at 11:12 AM
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,...
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BuyerQuest and McDonalds Explain How to Successfully Transform the Procurement User Experience Across a Distributed Footprint

Posted by Martin Kelly on December 5, 2016 at 10:45 AM
Mike Riordan, CPO for McDonald’s Corporation, and Jack Mulloy, CEO of BuyerQuest, presented to the Procurement Leaders community last week.  The topic was  “Bringing Change Across the Organization by Revolutionizing the User Approach”. Mike spoke about the complexities the indirect spend team faced within the McDonald’s organization due to McDonald’s unique corporate structure and autonomous...
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The Dos and Don’ts of Strategic Change Management

Posted by Salman Siddiqui on September 7, 2016 at 9:48 AM
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...
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The Best Practices to Follow for Successful Marketplace Search

Posted by Brian Shuey on August 30, 2016 at 11:00 AM
Search is an increasingly important component in desktop and mobile experiences. Why? Because improving search capabilities enhances the end user's shopping experience. But it often happens that procurement teams don’t utilize search capabilities to their fullest extent—leaving shoppers frustrated and making purchases from punchout supplier sites. Additional challenges of poor search include: The...
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How to Identify a Best-in-Class P2P Solution

Posted by Ashley Sieb on August 26, 2016 at 10:55 AM
Finding the best Procure-to-Pay (P2P) solution to meet your organization’s needs and goals is no small feat. The ideal P2P solution will take the entire organization to the next level through improved realized savings, compliance, and operational efficiencies. So, how do you identify a best-in-class P2P solution? To start, I’ve outlined these must-have characteristics below.
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