mdf commerce announces sale of InterTrade Systems Inc., its Supply Chain Collaboration subsidiary

mdf commerce announces sale of InterTrade Systems Inc., its Supply Chain Collaboration subsidiary

Total cash consideration of $65.8 million1 (US$48.5 million) Montréal, Canada, October 5, 2022 – mdf commerce inc. (“mdf commerce” or the “Corporation”) (TSX:MDF), a SaaS leader in digital commerce technologies, today announced that it has entered into a share purchase agreement (the “Share Purchase Agreement”) with SPS Commerce, Inc. (“SPS”) and concurrently closed the transaction for the sale...

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A Guide to the Source-To-Pay (S2P) Process in Procurement

A Guide to the Source-To-Pay (S2P) Process in Procurement

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...

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What Is Digital Transformation? A Definition and Guide

What Is Digital Transformation? A Definition and Guide

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...

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mdf commerce publishes results on shareholders votes for the election of its directors

mdf commerce publishes results on shareholders votes for the election of its directors

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,...

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Periscope: Named in The Top Procurement Software by Research.com

Periscope: Named in The Top Procurement Software by Research.com

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...

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