The frequent use of 30-day accounts by South Africa’s public and private sectors could soon come to an end, with new solutions providing corporate and government entities with a much-improved alternative. Although 30-day accounts are still widely used by the travel industry, these accounts are an unnecessary burden on Travel Management Companies (TMCs) whom are […]
New solutions signal the end of the 30-day account Read More »
Corporates that adopt a silo approach and view the procurement process merely as a method of obtaining goods and services to fulfil an internal need, have missed a trick. An effective procurement strategy can create considerable business value through process optimisation across each department, and achieve better cost reductions. According to research from global
Six tips to create a world-class procurement strategy Read More »
What is the cost to your business to process one purchase order (PO)? How many POs do you process with a value below that amount? Are you spending a lot of money processing invoices of a low value? If you need to simplify your procurement of low-value items, then you are in the company
How can procurement drive down the cost of processing transactions? Read More »
Running a successful business is stressful. Very stressful, in fact. Arguably the biggest challenge facing chief procurement officers and procurement managers is cashflow. Ensuring that you have the right stock levels without sacrificing pricing, or incurring wastage, will go a long way in alleviating month-end pressure. Open communication between the procurement- and finance departments
Five ways to streamline your procurement Read More »
Are you snowed under with processing POs for pencils because you are wary of trusting your employees with a purchasing card? asks Sunet Trollip, Project Manager, Nedbank Corporate Card in this month’s SmartProcurement. The benefits of using a purchasing card (P-Card), far outweigh the risk of your employees misusing it. Not only will you be
P-Cards – give a little, get a lot Read More »
If you think a P-Card gets its name from the material with which it’s made, think again… A P-Card or purchasing card is a charge card that allows the cardholder to purchase high-volume, low-value purchases without going through the hassle, and incurring the exorbitant costs, of generating a purchase order. With an ordinary CorporateCard, the
P-Cards’ detailed transaction information unmatched by corporate cards Read More »
If you’re spending 80% of your effort processing purchase orders for 20% of your spend, it may be time to change tactics. You can deliver real savings by diverting low-value, high-volume transactions through a Purchasing Card or P-Card, ideal for companies that want complete visibility and control of their spend, and also need to streamline
When processing an invoice costs more than the purchase… P-Card is your answer Read More »
When asking clients what their biggest focus in the current volatile economic situation is, the most common answer is managing expenses effectively. ‘It is never a case of simply cutting costs, but rather of ensuring that clients are managing costs effectively by knowing exactly when, by whom and for what company funds are being
Procurement certainty in an uncertain economic climate Read More »
Government procurement and finance functions are faced with the need to be efficient, while simultaneously reducing fraud and increasing control, transparency and auditability for all expenditure. It is a tall order and at the same time these organisations are expected to constantly improve the services they provide to the communities they serve, says Vanitha
Should Government allow credit cards for purchasing? Read More »
Over the many years that the Procurement Card has been used in the market it has changed from being a payment mechanism to being a purchasing tool that significantly supports strategic procurement activities. "It is a thrill to see that, as the world and the way business is done changes, the P-Card has been
The evolution of Procurement Cards into payment streamliners Read More »
