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IBM Deploys Trust Your Supplier Solution

PYMNTS

Dubbed Trust Your Supplier, the blockchain network enables businesses to more efficiently validate and onboard their vendors while maintaining a secure audit trail of buyer-supplier interactions down the supply chain, reports in ZDNet said Monday (Aug.

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Maximizing Value: The Significance of Spend Management for CFOs of Private Equity Backed Companies

E78 Partners

Key Strategies for Effective Spend Management Below are proven strategies for CFOs to enhance spend management, complemented by our firsthand experiences of supporting businesses with these approaches. Before proceeding, we conducted a 6-month historical audit and uncovered $250,000 in billing errors from the supplier.

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Asia-Pacific’s Anti-Cash Migration Spreads To Corporates

PYMNTS

For B2B buyers, they include the human error of manual data entry, the risk of fraud and a transparent audit trail; for the vendors managing accounts receivable, those challenges include delayed payments or long payment cycles. Sound familiar? Indeed, these are issues facing companies of all sizes across all markets today.

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How AR-AP Connectivity Works To Deepen Buyer-Supplier Ties

PYMNTS

Supplier management is an increasingly important part of the AP process, though can be more difficult to automate. New automation capabilities from procure-to-pay solution provider Zycus aim to support a streamlined vendor management process, including contract management.

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How a CFO Selects and Manages Vendor Relationships Using the 3 P’s

CFO Selections

Typically, these include banks and other capital providers, investment advisors, key software vendors, insurers, benefits and retirement services brokers, HR/payroll service providers, and audit and tax experts. Other than client relationships, these are often among a company’s most important business relationships.

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Procurement Is Ground Zero For Cybersecurity Protection

PYMNTS

“The tools they have are to go tear up the floorboards and assess those organizations — to send out a team of people to do security audits, inspections, questionnaires. “Usually, within the banks, it’s the procurement function that’s accountable for managing vendor risk,” Clare explained.

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Supplier Management Attracts $12M In Venture Capital

PYMNTS

SirionLabs provides multinational companies with a way to manage and analyze supplier contracts and provide auditing and other solutions with the information. “Traditional procurement technology doesn’t cut the ice; managing the vendor after signature is the order of the day.”