Remove Cost Management Remove Mitigation Remove Risk Mitigation
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Most CFOs Lack Full Visibility Into Company Spend, Coupa Finds

PYMNTS

CFOs surveyed agreed that technology could help with strategic spend management: 60 percent told researchers that they agreed process or technology improvement was key to improving cost management. 1 threat to CFOs’ abilities to make a positive impact on their companies’ financial positions.

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Top 10 OCR for Invoices in 2024

Nanonets

By automating data extraction from invoices, OCR software significantly reduces the burden of manual data entry, mitigating errors and optimizing resource utilization. OCR helps automate invoice processing, enabling businesses to track costs, manage budgets, and improve profitability.

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The 9 Logistics Documents to Automate with IDP

Nanonets

This reduces non-compliance risk, mitigates legal complications, and ensures that shipments move seamlessly across borders, contributing to a smoother global logistics operation. Moreover, automation minimizes the risk of errors commonly associated with manual data entry and processing of purchase orders.

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Procurement Professionals Unhappy With Tech Options

PYMNTS

The procurement department requires a strong technology foundation in order to control costs, manage supplier relations and generally execute the function effectively,” said Paul Mandell, cofounder and CEO of Consero, in a recent interview with SCMR. “To

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CPOs’ Support For Innovation Surprises The Market

PYMNTS

Externally, Greece’s ongoing troubles, China’s continued performance weakening, dropping oil prices, rising dollar value, a potential Brexit and the Federal Reserve’s anxieties amid slowing job growth are just some of the situations impacting the CPO, from outsourcing to risk mitigation.