S2P or Source-to-pay is used to express the entire process involved in procurement. Starting from identifying
A full-featured e-procurement system like Kissflow Procurement cloud could be the best option to minimize poss
Category Management is a procurement strategy in which items of similar spend are segmented together as a grou
Spend analysis is the process of collecting info about procurement spend and analyzing it through analytical t
e-Procurement is the process of buying and selling goods and services over the Internet. As opposed to traditi
A procurement card is a type of company charge card that lets you procure goods and services you need without
Good procurement software should make your life easier, but first things first, it should be easier to adopt.
Unlike traditional ROI, which is evaluated purely on sales, procurement ROI is assessed by comparing department expenses to the overall savings it delivers for the entire business,
With the help of procurement automation, you can eliminate tiresome, mundane, and repetitive tasks that are prone to human error.
Reliable and efficient procurement processes tend to create more significant revenue and profits for businesses. Here’s how using a procurement software can benefit your business:
Spend analysis allows firms to acquire a better knowledge of the prices of products and services
You could measure your procurement performance through different metrics and we have listed
The procure-to-pay process - also known as the P2P cycle - involves the entire workflow within procurement that begins at need identification and ends at payment disbursement.
The challenges in the procure-to-pay processes are rooted in a lack of data and transparency, redundant manual tasks, and inefficient communications.
Procurement is the entire process used to fulfill those organizational needs that require external vendors. It includes sourcing, risk management, supplier management, the procure-to-pay cycle, Purchase Order and Invoice management, and vendor performance tracking and relationship maintenance.
A blanket purchase order is a purchase order that outlines a long-term agreement between an organisation and a
PO invoice is when a purchase order has an invoice attached to it. A non-PO invoice is when a purchase order d
A purchase request is a request document sent internally from a department to the procurement team for purchas
A purchase requisition is an internal document created by an employee within the organization while raising a
With Vendor Management Software, you can: Easily track suppliers, detect unplanned expenses and regulatory
Vendor management is made up of strategic activities that organizations use to collaborate and coordinate with vendors
The accounts payable process includes the following steps – Receiving the bill, verifying and matching invoi
Accounts payable is money owed by an entity to its vendors/suppliers for the goods and services received. It i
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