White Paper: BidSync
Public procurement is an essential county government business function. In many instances, County procurement activities npayments made to private businesses for the purchase of goods and service are the second largest expenditure of taxpayers’ dollars (employee wages, salaries and benefits are the largest cost) At this level of spending, efficiency of the procurement process is a crucial component of good financial stewardship. Unfortunately, the traditionally decentralized structures of county government often don’t take advantage of business efficiencies and best practices offered by a more centralized configuration. Due to such impediments as cost, business disruption and process advantages important to other departments, simply “centralizing” county government to improve procurement efficiencies isn’t a practical option. However, technology offers an approach that features many of the advantages of centralized procurement: cloud-based end-to-end e-procurement solutions.
Why has standardization and harmonization in Business Process Management become so much more important in this digital world? Measuring success of standardization and harmonization initiatives has a dramatic impact on BPM enablers. But complex market conditions combined with digitally empowered consumers present a challenging commercial environment. So, how can you achieve this? When processes are aligned and good practices are applied, efficiencies are created, freeing people to innovate. In order to achieve this alignment and efficiency, standardization and harmonization of business processes is important. This whitepaper guides you on all five of these critical areas in the context of standardization and harmonization and actions to be taken to improve standardization and harmonization in business processes. What’s inside this whitepaper? What are the business process standardization and harmonization in BPM? Standardization of processes benefits. The Process Implementation Challenge. Adopting Standard Business Processes – Fast at low risk. Process Governance, Process Knowledge Management, People Engagement.
By: BirchStreet Systems
What is Procure-to-Pay Automation? How do organizations manage business operations through procure-to-pay process? Procure-to-pay automation streamlines all purchasing, accounts payable and related activities electronically. Adopting procure-to-pay technology allows purchasing departments to efficiently spend, have accurate real time pricing with connections to every supplier, online catalogs and tracking. This cloud based procure-to-pay automation system creates efficiency, control, visibility and compliance all in one centralized location. Benefits of Procure-to-Pay: Procurement-to-pay enables businesses to connect with all suppliers online by accessing their catalogs, purchase orders, and viewing real time pricing and receiving. Manage and purchase for capital projects and expenditures. View and report on forecasting and budget impact. Instant budget forecast updates in the system. This whitepaper will guide in implementing procure-to-pay process in: Purchasing Departments in optimized purchasing and cutting costs. Finance Departments in assessing financial performance, operations and risk management. Information Technology Departments in ensuring customers data security. Download this whitepaper and learn more about how BirchStreet Systems has come up with the cloud-based procure-to-pay automation technology through SaaS-based operating and reporting tools to improve business processes by automating eProcurement, AP 3-Way Auto-Match, Inventory Control, Recipe Management System and Capital Budget Management.
What is Business Intelligence ?
Business intelligence is a technology-driven process in which variety of software applications are used to analyze organization’s raw data and presenting the information in actionable format so executives and business leads can make better decisions looking at them. Although business intelligence has some common functions, it includes three basic functions: data mining, data analyzing and data processing.
What is Procurement Operations ?
Procurement operations, as the name suggests is the act of procuring or obtaining goods and services. The process can entail preparation, like, homework and research, and dealing with the requirement, in addition to, handling end receipt and payment approval. Though it sounds easy, one should not forget that the act of procuring for a company demands meticulous processing. It is important that the funds, both public and corporate, are managed responsibly, irrespective of the economic situation. Though serving an essential role in company operations, procurement operation can be misjudged and misquoted under maintenance and strategic planning.
What is business process management ?
Business process management is a systematic approach to business processes of a company which cover how we think, change, and monitor business processes so they run easily and can be enhanced after some time. BPM (Business Process Management) is a field of management that acts as a systematic approach for making organizations Workflow more effective, more efficient and hence improving the corporate performance by managing business process in the organizations.