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Workday To Expand Procure-To-Pay Via Scout RFP Acquisition

PYMNTS

Workday is going to acquire cloud-based procurement and e-software company Scout RFP for $540 million, according to reports. Based in San Francisco, Scout RFP is designed to aid organizations with their procurement processes, from intake through supplier management. “As

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Workday Acquires Contractor & Vendor Management System VNDLY For $510M In Cash

CB Insights

Workday , a provider of human capital management, payroll, and financial management solutions, has acquired VNDLY , a contractor and vendor management system, for $510M in cash. Workday has been growing organically, acquiring Zimit, Adaptive Insights, Scout RFP, and Peakon ApS in recent years. WHO ARE THE PARTIES TO THE DEAL?

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Workday Acquires Scout RFP: A Review Of The B2B Supplier Management Market

CB Insights

On November 4th, Workday announced an agreement to acquire Scout RFP , a cloud-based sourcing and supplier engagement platform for procurement teams, for $540M. Scout RFP brings 300,000 users in over 150 countries to Workday’s platform. Competitors & substitutes to Scout RFP that may be M&A targets.

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Mastering Procurement Management: Your Gateway to Success

Nanonets

By issuing an RFP, organizations can outline their project requirements, allowing potential suppliers to submit proposals that detail their capabilities, approach, and cost. When creating an RFP, it is crucial to clearly define the  project scope , objectives, and deliverables.

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What is the Quote to Cash Process and How Do You Implement It?

Stax

Metrics like churn rate, average order entry time, RFP win rate, % of orders delivered in time & in full, revenue, MOM profit margins, and more will help you develop a clear picture of how well your new QTC system is performing. You should have a list of KPIs that will help you track the performance of your system.

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Everything You Need to Know about Procurement for Businesses: A Practical Guide for CFOs and Finance Leaders

Nanonets

This is more than just buying; it's about acquiring goods and services in a way that optimizes value for an organization. Need Identification This is where the company figures out what it needs to buy or acquire to improve its operations. RFP Issuance: Action: Detailed RFPs are sent to the remaining 8 suppliers.

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AI Impact in 2024: Predictions By INZMO, Toqio, Midaxo, DECTA, Alveo, Infosys, BlueFlame, Tax Systems

The Fintech Times

. “We’ll see fund managers turn to AI to enhance portfolio research, refine risk management strategies and automate routine but crucial tasks such as Due Diligence Questionnaires (DDQs) and RFP responses. “AI use will become a key competitive differentiator from both a bottom line and recruitment perspective. .

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