Penny Software launches its B2B sourcing marketplace
“Souq Penny” will contribute in spending efficiency and facilitating access to suppliers and products “Souq Penny” includes hundreds of major manufacturers and suppliers offering hundreds of thousands of wide-selection of products Riyadh, 18th of April 2022: Penny. Software, the leading procurement and sourcing management platform for enterprises, announced the launch of its latest technology […]
The Future of Procurement in the Food Industry
The traditional procurement process in the restaurant sector “Procurement in food industry” has traditionally been a painstaking, paper-based, time-consuming, boring routine that involved knowledgeable buyers, capable sellers, and a precise set of inventory and audit procedures. Simply put, restaurants must manage their purchasing processes to keep prices down while increasing output. An inefficient purchasing process […]
Top Five Benefits Of E-Procurement & Cloud-Based Computing
In the past, companies had to download & install several programs on a physical server or computer to handle procurement and data management. But now, e-procurement solutions have seamlessly integrated all the siloed data, and cloud computing allows people to access unlimited sources of information through the internet. In fact, it’s impossible to list all […]
How Procure-To-Pay Process Flow Works
All businesses require a reliable process for purchase management, spend analysis, cash flow control, and income maximization. To do so, the company needs to go through a series of steps collectively called the procure-to-pay process. It is a multi-step process that includes procurement, order management, and accounts payable. However, many are unsure what a procure-to-process […]
How Efficient Cloud-Based Procurement Systems Improve Buyer-Seller Relationships
Some people believe that capital is everything for starting a business. But, in reality, that’s only one of the key ingredients because companies aren’t truly tested until they go operational. As you already know, hardly any business can find solid ground and achieve new heights without a good buyer-seller relationship. Without a good relationship between […]
Components Of Cloud Based Procurement Software
In today’s market, it’s almost impossible for businesses to survive without using tech tools in every aspect of their operation. It’s not unreasonable to think that a considerable fraction of all business data and activities will move over to the cloud. A prime example is the integration of cloud-based procurement software, which leverages the power […]
How to Transition from a Traditional Procurement Platform to a Cloud-Based One
We’re way past the old days when paper invoices and receipts got lost. The arrival of cloud-based technologies has started a new chapter in procurement and has changed businesses for the better. Today, companies can organize and manage their pricing, choose the most suitable suppliers, decrease manual transactions, and naturally lower error rates. Despite these […]
Procurement Management in the Age of E-Commerce
The growing role of technology in our world has dramatically expanded global connectivity and day-to-day commerce. In recent years, E-commerce has become such an established part of any business. Nowadays, a company can take advantage of cloud-based procurement management systems to easily communicate, place bids and fulfil purchase orders. However, the growing prevalence of cloud-based […]
