Category: Procurement
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Purchase requisition software: Complete guide to choosing the best one
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9 minutesCentralizing purchase requisitions, monitoring budget consumption and controlling invoice payment has never been easier. Thanks to a new generation of purchase requisition software, also known as Procure to Pay, companies can finally simplify the work of their teams, make approval circuits efficient and optimize their procurement process. This new generation is based on a number…
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What is autonomous procurement and how to set up ?
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9 minutesImplementing autonomous procurement has never been easier. The world of software has reached a certain maturity, enabling business teams to easily digitalize and automate their purchasing and ordering processes, and even without IT skills. This transformation is based on procurement software: Many companies see autonomous procurement as an opportunity to optimize their purchasing processes, cut…
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Procure to pay order to cash – What are the definitions and differences?
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8 minutesSmooth financial and logistics processes are a major asset for any company. Today, two major flow families can be distinguished in operations management: Procure to Pay (P2P), which focuses on purchasing and supplier payment, and Order to Cash (O2C), which is broader in scope and extends from the receipt of customer orders to the collection…
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Purchase request: Definition, Examples, Steps and Tips
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11 minutesOften perceived as a simple formality, a purchase request is in fact the first key step in a procurement process. This process also includes internal approvals, supplier selection, order release and payment. Depending on the company’s digital maturity, the purchase request can take various forms: oral request, e-mail, paper document or online form. But how…