Remove 2027 Remove e2e Remove Suppliers
article thumbnail

Why Supplier Information Management (SIM) Is Key To Detecting and Preventing Fraud

HICX

According to procurement consultants Comprara, it is estimated that by 2027, more than $348 billion will be lost globally due to fraud. Fraudulent acts are a particular concern for the procurement industry and steps have been taken in recent years to combat its escalating impact upon both organizations and suppliers.

article thumbnail

Why E-invoicing is in Focus Today & How will it Benefit your Business?

Zycus Cognitive Procurement

Mn by 2027 from US$ 1,241.7 from 2020 to 2027’ according to a report by Industry Today. Electronic invoicing (e-Invoicing) is the invoice document exchange between a supplier and a buyer in an integrated electronic format. Both suppliers and buyers can manage invoicing data on a central cloud-based platform.

e2e 40