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managing outsourcing risk

Managing Outsourcing Risk: A New Framework for Banking and Beyond

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In recent years there has been an increase in the outsourcing of services by banks in order to reduce costs and improve their efficiency and flexibility. Outsourcing makes it possible to take advantage of economies of scale and is a form of easy access to new technologies and to tools and services not available in […]

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transparent banking procurement

How Banks Can Improve Transparency in Procurement for Better Compliance

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Banking is a unique industry in many respects. It’s one of the most profitable, but also one of the most competitive. Procurement in Banking also faces unique challenges due to the tough regulatory compliance environment that sets limits on how Banks can achieve goals like cutting costs. But there’s another aspect, often overlooked, that sets [...]

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Indirect vs. Direct Goods and Services. What’s the Difference?

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Let’s say that, instead of procurement services, you produced soda bottles instead. What would your spend management goals be? Or, what if you are looking to hire an “A Team” for your department? What would your spend management goals be then? How would they be different? Understanding the distinction between direct and indirect goods and […]

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Top 10 Reasons Why Portfolio Savings Manager Will Move the Savings Needle For You

Top 10 Reasons Why Portfolio Savings Manager Will Move the Savings Needle For You

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Portfolio Savings Manager – or PSM – is a new savings management solution that automates the management of savings initiatives organization-wide. It allows oversight across all current and future projects so you can clearly see where to focus your efforts to achieve savings. While there are countless benefits to a robust initiative tracking solution, here […]

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The Best Solutions for Automating Your Business Processes

The Best Solutions for Automating Your Business Processes

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Have you ever tried to streamline your procurement and spend workflow to eliminate as many paper-laden processes as possible? If so, you’ll know it’s difficult because finding a system everyone can use can be overwhelming. So how do you optimize your business process automation? Business process automation can happen in many forms, whether it be […]

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Jump Start Your Year with Our Quick Procurement Process Checkup

Jump Start Your Year with Our Quick Procurement Process Checkup

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January is a month we associate with many things: resolutions, fresh starts, winter weather – and for those of us in corporate America, detailing for the C-Suite how we’ll do even more with even less in the coming year. If you’re a procurement pro, the challenge to do more with less presents a golden opportunity […]

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