procurement

Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement generally involves making buying decisions under conditions of scarcity.

Source: en.wikipedia.org

The Public Sector Takes The Lead On eProcurement
The Public Sector Takes The Lead On eProcurement
June 10, 2019  |  B2B Payments

Government procurement moved to the spotlight last week when New York City Comptroller Scott Stringer announced he is closely monitoring the state’s eProcurement project following...

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Connecting The Procurement Dots, From Purchase Order To Payment
Connecting The Procurement Dots, From Purchase Order To Payment
May 28, 2019  |  B2B Payments

Driving efficiency in accounts payable (AP) can stem from an array of efforts. Adopting electronic payments and getting rid of paper checks is certainly one...

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Is Digital The Best Defense Against Trade Finance Fraud?
Is Digital The Best Defense Against Trade Finance Fraud?
May 10, 2019  |  B2B Payments

There are trillions of dollars at stake when it comes to trade finance fraud, and a senior OCBC Bank MD urges firms to go digital...

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Kraft Heinz Uncovers Employee Procurement Misconduct
Kraft Heinz Uncovers Employee Procurement Misconduct
May 07, 2019  |  B2B Payments

U.S. food giant Kraft Heinz continues to address issues related to claims of procurement misconduct after the Securities and Exchange Commission (SEC) subpoenaed the company....

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Construction Ponders The Equipment Rent-Versus-Buy Dilemma
Construction Ponders The Equipment Rent-Versus-Buy Dilemma
April 25, 2019  |  B2B Payments

Confidence in the equipment finance industry has dropped in recent weeks, new data from the Equipment Leasing and Finance Foundation revealed. While equipment finance may seem...

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GovQuote Links Government Suppliers To BlueVine Financing
GovQuote Links Government Suppliers To BlueVine Financing
April 24, 2019  |  B2B Payments

Small business financing platform BlueVine is teaming up with government procurement solutions portal GovQuote to connect government vendors with working capital solutions. Get the Full...

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Procurement Execs Brace For USMCA Impact
Procurement Execs Brace For USMCA Impact
April 22, 2019  |  B2B Payments

In the wake of the United States-Mexico-Canada (USMCA) trade agreement (the framework that outlines trade tariffs between the U.S., Mexico and Canada), analysts predict long-term impacts...

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Procure-To-Pay’s Tax Conundrum
Procure-To-Pay’s Tax Conundrum
April 10, 2019  |  B2B Payments

Corporates’ biggest procure-to-pay challenges often center around the friction of streamlining data flows and the movement of money, from sourcing and purchase order submission to...

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UK Study: Businesses See Fraudsters As ‘Ahead Of Industry’
UK Study: Businesses See Fraudsters As ‘Ahead Of Industry’
April 05, 2019  |  B2B Payments

 In the UK, might the fraudsters be getting ahead of the firms they are bilking? A recent study from Vocalink points to that sentiment, while...

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