Replace the procurement generalist approach with category expertise
Procurement resources should be experts in specific categories rather than generalists. That's a step in the right direction towards achieving value-adding outcomes.
Two steps to elevate procurement from tactical to strategic
Procurement can go from being tactical to becoming a strategic driver of value creation through supplier relationship management and cross-functional collaboration.
How back-office transformations can increase your EBITDA
Back-office transformations can have a major effect on a company’s EBITDA by improving operation efficiencies, propelling cost savings, and increasing indirect revenue
Breaking up with a supplier: Five steps for procurement leaders
Breaking up with a supplier is sometimes necessary, but it doesn't need to be difficult. Here are the 5 steps to follow to ensure a positive outcome
Procurement uncertainty in 2025: Strategies for risk and resilience
When it comes to assessing suppliers, procurement risk management is an essential step in order to stay resilient amid ongoing supply chain disruptions.
Supplier portals: An open door to AP efficiency
Supplier portals are an excellent way to help make your accounts payable more efficient, secure, and strategic. By opening the door to unprecedented efficiency, portals address pervasive AP challenges while delivering multiple benefits.
Enhancing supplier management with nightly TIN/OFAC screenings for fraud prevention
The challenges of modern supplier management are real, but so are the opportunities. By embracing automation and integrating TIN/OFAC screenings into a comprehensive validation process, businesses can protect themselves from fraud, maintain compliance, and build stronger, more resilient supply chains.
The difference of Corcentric’s AP & Payments solutions
Outdated accounts payable processes are more than just a bottleneck—they’re a liability, hindering growth and compromising supplier relationships. Corcentric offers a revolutionary approach to overcoming these challenges with its tailored AP and payments solutions
Are suppliers giving your small organization limited service?
A good deal of thought and energy go into building an SRM program. Which is why too many smaller organizations fail to do so and are left wondering why their bigger competitors seem to have the cream of the crop when it comes to supplier resources. Like all relationships, organizations get out of their suppliers what they put in. Investing time and attention into SRM is the most reliable way to improve the output of your most important suppliers.