Determine addresses change with a Supplier-Centric Approach - How inconsistency in the collection and maintenance of information required for paying and managing suppliers and assessing their performance creates discontinuity. Centralizing supplier...
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Determine addresses change with a Supplier-Centric Approach - How inconsistency in the collection and maintenance of information required for paying and managing suppliers and assessing their performance creates discontinuity. Centralizing supplier management as part of Source to Pay allows legal, procurement and finance to perform searches and initiate processes that decrease repetitive efforts and improve spend under management. Linking processes on a common technology platform enable this to be done while reducing supplier risk and minimizing the chances of an oversight, such as purchasing from non-compliant/high-risk suppliers or duplicating payment. Using a technology such as Determine would accelerate the digital transformation for those looking to address Brexit or other procurement-specific requirements with tangible areas that a source-to-pay platform can provide. For more information, please visit - https://www.determine.com/blog/2119-cpo-summit
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