Nanonets

DECEMBER 19, 2023

Many eSourcing solutions use AI algorithms for sourcing and assessing regulatory compliance by vendors.  See Nanonet’s blog article for the differences in RFQ vs. RFP.  Some eSourcing tools include automated vendor scoring and evaluation.

Request for Information 52

Request for Information RFP Best Practices Risk Management 52

Nanonets

MAY 30, 2024

Vendor Support and Training : Assess the level of support and training provided by the software vendor. Cons: Lacks inventory control, RFP, and bid processes. Whether you’re a small business looking to cut costs or a large enterprise aiming to enhance efficiency, this guide will provide you with the actionable insights you need.

Automation 52

Automation Process P2P Compliance 52

FICO

MAY 18, 2016

Over the next few weeks I’ll blog about each of these principles, starting here with the most basic tenet of decision management: capturing subject matter expertise. Medscheme came to FICO for help in re-engineering their healthcare claims assessment system, which had thousands of rules, and hundreds of thousands of data reference records.

RFP 45

RFP Rules Assessments Process 45

Nanonets

SEPTEMBER 1, 2023

In this blog post, we delve into how FedNow could impact businesses and their vendor payment practices. Seamless Requests for Payments (RFP): Vendors can now submit precise bill requests, streamlining the validation and approval process with a simple click. This feature optimizes accuracy and expedites the payment process.

FedNow 52

FedNow Wire Transfer Federal Reserve ACH 52

Nanonets

JUNE 19, 2024

In this blog, we’ll see what defines an effective procure-to-pay process, explore the key features to look for in P2P software, and review the best tools on the market today. Always use defined key performance indicators (KPIs) such as on-time delivery, product quality, and service levels to assess suppliers regularly.

P2P 52

P2P Automation Rules Process 52

Nanonets

MAY 16, 2024

In this blog, we’ll see what defines an effective procure-to-pay process, explore the key features to look for in P2P software, and review the best tools on the market today. Always use defined key performance indicators (KPIs) such as on-time delivery, product quality, and service levels to assess suppliers regularly.

P2P 52

P2P Automation Rules Process 52