ProcurePulse April 2021

Driving procurement agility with automation and workflow technologies

Beyond cost savings, high-performing CPOs need to expand their value propositions to influence demand, drive innovation, and work closely with strategic suppliers and partners, increase speed to market, and drive continuous improvement. Insights from Deloitte’s 2021 Global CPO Survey suggest that building capabilities focused on agility is CPOs’ best bet to meet and exceed them.

In this newsletter, learn how strong digital capabilities can help procurement organizations improve data visibility and the ability to collaborate with suppliers, enabling greater agility both within these organizations and across the extended supply networks. 

 

I hope you enjoy reading these articles about procurement technologies. May your company emerge stronger and nimbler from these trying times.

Sourcing & Procurement

Global 2021 Chief Procurement Officer Survey | Deloitte

With changing business dynamics and increasing layers of complexity, expectations of the CPO role have increased. Insights from Deloitte’s 2021 Global CPO Survey suggest that building capabilities focused on agility is CPOs’ best bet to meet and exceed them.

Digitize Strategic Sourcing Using RFP Application | Aavenir

Is there a better way to change the traditional procurement operational approach so that the team can deliver faster RFx-to-award cycle time with effective supplier evaluation criteria? Learn how using RFP Management can help.

3 Features to Consider For Your RFP Software | Aavenir

Now that you know what your sourcing team needs in order to thrive, it’s time to prioritize RFP software features. So, before buying an RFP solution consider these three key feature factors.

Contract Management

What are Agile Contracts? | Aavenir

Not sure about what is agile contracts and their types? Read in-depth regarding agile contracts and how it benefits business.

Regulating Contractual Obligations in COVID-19 | Aavenir

Evaluate why companies must understand contractual risk exposure, including remediation of contractual obligations to provide more robust protection through times of extraordinary circumstances.

An Evolutionary Approach to Legal Technology | Artificial Lawyer

Where is the evolution of legal tech heading? The end of lawyers is certainly not where it is heading, that is for sure.

Invoice and Payments

Managing-IT-Vender-Inovices

Managing IT Vendor Invoices on ServiceNow | Aavenir

Learn how you can manage IT vendor invoices promptly and accurately to maintain good relationships with suppliers.

Accounts Payable Software Buyer’s Checklist | Aavenir

Key questions that organizations should consider when evaluating APA solution. Make an informed decision based on the factors that matter most to your organization.

What is 2-way or 3-way invoice matching? | Aavenir

Learn what is a 3 way match and 2 way match which helps to save businesses from overspending or paying for an item that they did not receive.

Events & Webinars

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

ServiceNow Knowledge 2021

Join us Virtually for ServiceNow Knowledge 2021 to explore how enterprises can manage end-to-end contracts using ServiceNow with AI & Digital Workflows. 

Automate Sourcing Using RFx on ServiceNow

Attend this webinar to learn how you can accelerate sourcing with RFP-to-Award workflow on ServiceNow.

What would you like to see in the next newsletter?

We look forward to your feedback at contact@aavenir.com, which will allow us to add more relevant information in subsequent editions.

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