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The Contract Management Playbook: Strategies and Secrets for Total Control

World of Procurement blog

It helps reduce financial losses from poor contracts, improve vendor relationships through structured coordination, increase operational efficiency and cost savings, minimize revenue leakage, and ensure proper compliance. Lease agreements - Contracts for renting equipment, real estate, vehicles, etc.

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13 Best Contract Management Software for the Mid-market

Procurement Software

We plan to refresh the article a couple of times a year, as solutions are constantly adding features and new solutions come onto the market. SimpliContract SimpliContract is a SaaS-based, AI-powered end-to-end enterprise contract authoring and lifecycle management platform.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

Near-sourcing, in addition to lowering emissions, also cuts transportation costs and delivery times. The cost of human error associated with manual processes can be steep, not to mention the toll it can take on trust within customer and vendor relationships.

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Product Overview: How to Repair A Broken Procure-to-Pay Processes With Pipefy

Pipefy

This gives teams more visibility and control by providing a central hub for all purchases, payments, and other information. Better visibility improves alignment between buyers, legal teams, and accounts payable. All information can be integrated into a database for easier retrieval, deeper visibility, and to simplify updating records.

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Workflow Integration: Definition, Effective Strategies and Business Examples

Pipefy

According to Deloitte , 44% of companies that use at least 11 automations in a business process management capacity are implementing end-to-end automation. The common consequences are excessive errors and rework, decreasing process lead time, productivity, and employee engagement.

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What is Process Discovery? How is it Important For Business Efficiency?

Pipefy

Process discovery includes the identification and definition of activities and tasks comprising a process; its purpose is to make all stages in a process visible in order to ensure clear responsibility for each of those phases. These inefficiencies lose hours and money that can add up to huge amounts of waste over time.

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Spend Analysis: Unlocking Powerful Business Insights

Pipefy

Visibility into procurement categories and effective management of categories fosters benefits like greater risk management and less costly supplier redundancies. Spend analytics creates the visibility procurement teams need to complete a spend analysis. ignoring the importance of data quality, 2. focusing solely on cost reduction, 3.