Artificial Intelligence, one of the Buzzwords in technology, is also getting its hold over domains like Procurement, Finance, etc. The impact, benefits, and adoption of AI in Procurement is not a quick process with instant results; rather it is a journey towards short-term benefits, medium-term benefits, and long-term benefits. …

This 2021, Say Hello to E-Invoicing! As per CBIC, E-Invoicing is made mandatory (from 1 Jan 2021) for B2B transactions for Business Owners or TaxPayers with an annual turnover of over Rs.100 crore! Heading back to 1 October 2020, the same law has already been issued for businesses with an…

Bringing Supply Chain Finance into action is another rigid but crucial task that needs to be implemented. Usually, when we look at the long process of supplier payment that has little or no digital intervention, we come up with the following loopholes: Loopholes in the long Supplier Payment Process No visibility for the Supplier between GRN and…

You would surely have come across many platforms that provide solutions and services to support digital businesses and hence proving a helping hand in their execution! Some of these platforms are Office 365 and Adobe Document Cloud! These are actually the Content Services Platform. As per the definition by Gartner: …

Well, we know what a Supplier Portal is! A Digital e-Procurement Solution that allows Enterprises to connect and collaborate with their third-party suppliers (of goods and services) is what we call a Supplier Portal (or Vendor Portal). But ever thought of the not-so-usual benefits of a Supplier Portal? No? There…

Managing a supplier database can be a non-stop routine of mind-numbing data entry and management, verification follow-ups, and frustrating inaccuracies that can lead to unnecessary risks and loopholes. …

With over 70% of businesses already digitized or in the process of being digitized, digitization is the new trendsetter. When talking about Procurement, digitization can fasten up the process with a relatively low workforce and spendings. A critical aspect of Procurement is Source-to-Pay. What’s the most vital step when you’re…

ERP mandatory for core operations Enterprise Resource Planning is a procedure by which companies (Large Cap, Mid Cap, or Small Cap) manage and coordinate the mandatory business processes with the help of technology. An ERP software system enables core processes to function in a digitize and connected environment. This essentially creates an integrated working system…