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eProcurement & Procure-to-Pay Resources

Introducing Diverse Marketplace from ConnXus, Powered by BuyerQuest

Posted by BuyerQuest on May 1, 2018 at 9:20 AM
In 2016, Inc. Magazine noted in their article, “Why Supplier Diversity is Good for Everyone” the value that companies receive as a result of an expanded supplier network including companies, “owned by veterans, women, people with disabilities, or others who have historically been underrepresented in the world of suppliers.” The article notes that having a diverse supplier network allows...
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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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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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Beyond the Questions: What Your Procurement RFP Needs to Include

Posted by Matt Setta on March 2, 2016 at 1:21 PM
The eProcurement and Procure-to-Pay (P2P) market is brimming with options, from best-in-breed to end-to-end solutions. So, how do you identify the best fit for your organization? A comprehensive, calculated Request for Proposal (RFP) is mission critical to selecting the ideal solution for long-term success. In fact, your team might spend hours drafting each question with purpose. The number of...
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3 Steps to Building a Needs-Based RFP for Procurement

Posted by Matt Setta on February 18, 2016 at 12:04 PM
The cold, hard truth: the Request for Proposal (RFP) process for any procurement solution is demanding, often overwhelming and lengthy. From identifying vendors to drafting and formatting all documents to scoring answers, your team will invest a ton of time and energy into the final decision. The silver lining? Companies that adhere to a regimented, strategic RFP process are more likely to find...
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How To Jumpstart Your Search for a New eProcurement Solution

Posted by Matt Setta on February 9, 2016 at 1:35 PM
Your organization has decided it’s time for a new eProcurement system or a full procure-to-pay solution. Before sending a request for proposal (RFP), you must comb through the never-ending list of vendor choices. It takes a great amount of time, effort, and due diligence to trim your list of vendors down to the six or eight top contenders. But don’t worry; there are resources to guide you....
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