E-Invoicing

How tech can make the CFO’s job easier

Over the last few years, I’ve read countless articles about the role of CFOs evolving from traditional skills and disciplines to wearing multiple hats and becoming a strategic force within the business. Today, we’re focused not only on reducing costs but shortening time to value, to give our organizations the agility to adapt to dynamic market conditions and compete in a more interconnected world...

Are you sitting on a potential Goldmine?

Launching a business, project or venture used to be not for the fainthearted:it typically involved asking a few people for large sums of money, with high risk and uncertain reward.   As The Next Big Thing shows, crowdfunding is an innovative way for budding entrepreneurs and start-ups to raise finance, by using the power of the internet and social media to ask a large number of people each for...

7th Secret for Successful e-Procurement: Keep improving

It is easy to think that once your e-procurement system goes live, the job is essentially over. The reality, however, is quite different. To realize the full benefits of your new program you’ll need to develop and adjust your procurement management plan. Just as e-commerce sites are continuously monitoring and improving their sites to refine the products available and suppliers they use to better...

Procure-to-Pay Best Practices - 6th Secret: Start small and grow

When creating your new e-procurement strategy, keep in mind that today’s cloud-based solutions and supplier networks make it easier to start small and build from there. One procure-to-pay best practice is to start your e-procurement program with a single location or division. Invite a limited number of key suppliers to participate. Then, use the template for rolling out the solution to other...

5th Secret for Successful e-Procurement - Procurement best practices: Get Process Wise

As a procurement professional, you know all about the processes that underpin your profession. You may of course also have processes that are unique regarding how procurement works in your organization. But if you are to maximize the value of your e-procurement initiative, you’ll need to go further.  blog-5.jpg Maximize e-procurement benefits by looking at the...

4th Secret to Successful e-Procurement: Measurable goals - what are your procurement metrics?

How will you know when you’ve succeeded in your e-procurement program? Certainly there will be a range of benefits, but unless you can point to solid procurement metrics you’re left with little more than subjective opinions.  blog-4.jpg The goals you set for your e-procurement program should be measurable, quantifiable
and time-specific. While it can be...

Basware on Twitter