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

Procure-To-Pay’s Tax Conundrum
Procure-To-Pay’s Tax Conundrum
April 10, 2019  |  B2B Payments

Corporates’ biggest procure-to-pay challenges often center around the friction of streamlining data flows and the movement of money, from sourcing and purchase order submission to...

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UK Study: Businesses See Fraudsters As ‘Ahead Of Industry’
UK Study: Businesses See Fraudsters As ‘Ahead Of Industry’
April 05, 2019  |  B2B Payments

 In the UK, might the fraudsters be getting ahead of the firms they are bilking? A recent study from Vocalink points to that sentiment, while...

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Court Ruling Reveals Complexities Of SMB Government Contracts
Court Ruling Reveals Complexities Of SMB Government Contracts
April 03, 2019  |  B2B Payments

The U.S. General Services Administration (GSA) has been forced to throw out $15 billion worth of IT service contracts with small businesses (SMBs) issued last year,...

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B2B FinTech Tackles The Nuanced Challenges Of Marijuana — Beyond Banking
B2B FinTech Tackles The Nuanced Challenges Of Marijuana — Beyond Banking
April 02, 2019  |  B2B Payments

The legal cannabis market continues to reach new milestones, the latest being the launch of the industry’s first commodity trading desk — with the latest...

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Basware Launches Approval Confidence Index To Its Procurement Tech
Basware Launches Approval Confidence Index To Its Procurement Tech
April 01, 2019  |  B2B Payments

Electronic invoicing firm Basware announced that it has added a machine learning-enabled, predictive capability to its procurement technology. The idea for its Approval Confidence Index (ACI)...

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PunchOut2Go Launches New Extensions For Magento Marketplace
PunchOut2Go Launches New Extensions For Magento Marketplace
March 18, 2019  |  B2B Payments

PunchOut2Go has announced the launch of its new PunchOut for Magento Marketplace extensions for Magento 1 and Magento 2. The company specializes in technology solutions that...

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Turning Industrial Procurement Into A Well-Oiled Machine
Turning Industrial Procurement Into A Well-Oiled Machine
March 05, 2019  |  B2B Payments

It’s become a cliché too often heard today in the B2B space: Procurement should evolve into an experience that mirrors a consumer shopping online at...

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SEC Probes Heinz Over Procurement Accounting
SEC Probes Heinz Over Procurement Accounting
February 25, 2019  |  B2B Payments

Kraft Heinz saw its market value plummet by about $17 billion on Friday (Feb. 22), after posting a $15 billion write-down on its most recognizable...

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Higher Education Learns The Value In Procurement Spend Visibility
Higher Education Learns The Value In Procurement Spend Visibility
February 15, 2019  |  B2B Payments

The higher education sector is facing rising pressure to manage spend, as operating costs climb and organizations face greater scrutiny over tuition levels. Many entities...

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