Remove Cost Management Remove Risk Remove Risk Mitigation
article thumbnail

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.

article thumbnail

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

article thumbnail

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.

article thumbnail

The 9 Logistics Documents to Automate with IDP

Nanonets

Automated validation processes reduce the risk of non-compliance, avoiding potential legal issues and delays in the supply chain. By automating BoL, logistics companies can bid farewell to the risks associated with human oversight, creating a more reliable foundation for the entire supply chain.

article thumbnail

Top 10 OCR for Invoices in 2024

Nanonets

OCR helps automate invoice processing, enabling businesses to track costs, manage budgets, and improve profitability. Utilities : Utility companies receive invoices for energy, water, waste management, and maintenance services. Is there any Free OCR for Invoices?