The source-to-pay (S2P) process covers the end-to-end procurement activities, from the scouting of suppliers to meet specific business requirements, to the payment of the received goods or services. The S2P process is pivotal for an organization’s risk management, ESG strategy, cost savings, supply chain disruption mitigation, and improving efficiencies. Usually restricted to its transactional...
A Rundown and Analysis of the Benefits of This Modern Movement and How to Get Started The ongoing pandemic has led to more interest in digital transformation. Due to the pandemic and lockdowns, many consumers have turned to online shopping and working from home. That means businesses that have embraced the digital age are better equipped to handle consumer demands. In other words, if you want to...
Montréal, Canada, September 20, 2022 – mdf commerce inc. (“mdf commerce”) (TSX:MDF), a SaaS leader in digital commerce technologies, publishes today the results of the shareholders vote for the election of directors during its annual general meeting (the “Meeting”) held Tuesday, September 20, 2022. 22,306,999 shares (approximately 50.73% of the common shares issued and outstanding as of July 26,...
According to Research.com, in 2020, government spending on contracts reached $682 billion dollars in the United States only. Government organizations from different parts of the world spend around 17% of their GDP, which is approximately $100 trillion, on the purchase of supplies, work, and services (Bid Detail, 2022). Therefore, all government procurement departments need to rely on sourcing...
Ecommerce finance is growing, and digital payments (e-payments) are already dominating the B2B space. E-payment is a fast, convenient, and secure self-service solution for both consumers and businesses. More customers are becoming satisfied with electronic billing, and B2B and D2C customers want the same experience. It’s not only for large companies — 41% of consumers want a convenient payment...