procurement

Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement generally involves making buying decisions under conditions of scarcity.

Source: en.wikipedia.org

Zip Co-Founder: Generative AI Turns Procurement Complexities Into Workflow Clarities 
Zip Co-Founder: Generative AI Turns Procurement Complexities Into Workflow Clarities 
October 11, 2023  |  Artificial Intelligence

Technology simplifies, at least that is its promise. That’s because, when effectively implemented, digital solutions can break down legacy silos and remove countless man hours...

READ MORE >
Levelpath Secures $44.5 Million in Funding for AI-Powered Procurement Platform
Levelpath Secures $44.5 Million in Funding for AI-Powered Procurement Platform
September 18, 2023  |  Investments

Levelpath has raised $44.5 million to launch its artificial intelligence (AI)-powered procurement platform. The company aims to enhance the procurement experience by introducing a procurement platform...

READ MORE >
Walmart Business Has a Plan to Boost SMB Cash Flow
Walmart Business Has a Plan to Boost SMB Cash Flow
September 11, 2023  |  Commercial Payments

Inflation remains top of mind for small business owners grappling with margin pressure. Ashley Hubka, senior vice president and general manager of Walmart Business, told...

READ MORE >
Fairmarkit and Amazon Business Collaborate to Streamline Procurement for Enterprises
Fairmarkit and Amazon Business Collaborate to Streamline Procurement for Enterprises
August 24, 2023  |  Partnerships

Autonomous sourcing solution provider Fairmarkit has partnered with Amazon Business to streamline the procurement process for enterprise companies. This collaboration will provide seamless access to an extensive network of...

READ MORE >
Settle Introduces Purchasing Solution for Founders of eCommerce Businesses
Settle Introduces Purchasing Solution for Founders of eCommerce Businesses
August 02, 2023  |  B2B Payments

Settle has introduced a purchasing and procurement solution designed for founders of eCommerce businesses. The new Settle Purchasing suite of tools automates bill pay, purchase...

READ MORE >
Shopify Picks Ramp as Its Expense Management Provider
Shopify Picks Ramp as Its Expense Management Provider
August 01, 2023  |  Commercial Payments

Finance automation platform Ramp says Shopify has chosen it to provide expense management expertise. And in turn, the company announced Tuesday (Aug. 1) Ramp has used the guidance of Shopify...

READ MORE >
Over Half of Retailers and Manufacturers Investing to Modernize Procurement Processes
Over Half of Retailers and Manufacturers Investing to Modernize Procurement Processes
July 31, 2023  |  Digital Payments

Here on the other side of the pandemic, industry verticals that are modernizing through digital payments transformation are seeing the payoffs across functions including accounts...

READ MORE >
Company Data Silos Hinder Spend Management Success
Company Data Silos Hinder Spend Management Success
July 11, 2023  |  B2B Payments

There exists one golden rule of business operations: Any process can be streamlined. And quite frequently, it can be combined with other operations for a...

READ MORE >
Why Old Accounts Receivable Systems Cost Firms New Business
Why Old Accounts Receivable Systems Cost Firms New Business
June 30, 2023  |  B2B Payments

There’s a reason that business processes get the “consumer” treatment, not the other way around. And it isn’t just because the cart can’t drive the...

READ MORE >