ProcurePulse October 2020

ProcurePulse October 2020 edition explores some useful articles published on leading websites in the past few weeks in the Source-to-pay domain, including Aavenir: Monthly Roundup.

Download this to learn:

  • 5 procurement shifts for the Post-COVID world
  • An innovative way to prevent adversarial supplier relationships
  • 5 dispute-resolution & dispute-prevention clauses for contract negotiations
  • UK businesses face fines for late payment of suppliers

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    ProcurePulse October 2020

    The Monthly Procurement Insights and Trends Roundup

    Amid this volatility, organizations that are successfully leading the change have understood the importance of efficient procurement functions for their business strategy and competitive advantage in the next normal. Procurement departments have made immediate shifts to support faster, decentralized decision-making throughout the source-to-pay operations. One of the important shifts in the adoption of AI-enabled process automation software and digital workflow technologies which makes it easier for business stakeholders to execute some sourcing events.

    This edition explores the lasting effects of COVID-19 and how organizations can reorient the procurement function as sourcing advisors to avoid roadblocks to progress against mission-critical business objectives.

    Wish you lots of treats and success coming your way. Happy Halloween !!

    Around the Web

    Explore some useful articles published on the leading websites in the past few weeks.

    Procurement

    5 procurement shifts for the Post-COVID world

    A new report from McKinsey outlines the five steps that all procurement departments should be taking to prepare for the post-pandemic business world.

    Read Article

    Sourcing

    An innovative way to prevent adversarial supplier relationships

    In a tough, uncertain economic environment like the one created by the pandemic, the relationship between companies and their suppliers often deteriorates as each party places its own needs above the others. But a novel approach that a number of companies are employing — a formal…

    Read Article

    Legal Contract Management

    5 dispute-resolution & dispute-prevention clauses for contract negotiations

    These 5 dispute-resolution and dispute-prevention clauses for contract negotiations can help ensure a harmonious partnership.

    Read Article

    Accounts Payable

    UK businesses face fines for late payment of suppliers

    For the first time, large businesses could be fined for failing to pay smaller suppliers on time as part of a robust package of measures launched by small business minister Kelly Tolhurst, but there will be no change to the 60-day payment term set out in the voluntary Prompt Payment Code

    Read Article

    Vendor Payments

    How the supplier guides the accounts payable evolution

    As organizations’ AP departments move to overcome these elevated hurdles, automation technology and payment innovations will emerge as key tools to help them get where they want to go.

    Read Article

    Aavenir: Monthly Roundup

    Explore some useful articles published on leading websites in the past few weeks.

    Determine ROI of AP Automation on ServiceNow; Measuring impact on KPIs

    Exclusive webinar ai-enabled_Accountpayable_automation_watchnow

    Watch Webinar

    Discover, Assign, and Monitor Contract Obligations on ServiceNow

    AI-enabled-Contract-Obligation-Compliance-Management-Software-Application-on-ServiceNow-Aavenir.

    Watch Webinar

    5 KPIs That Drive Accounts Payable Performance

    5-Accounts-Payable-KPIs-Monitoring-Dashboard-Software-Aavenir

    Read Blog

    What is Strategic Sourcing? – For Supply Chain Success

    What-is-Strategic-Sourcing-Category-Management-Best-Practices-Aavenir

    Read Blog

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