For effective trade, a company needs the right trading partners, and to optimize trade, a company 
needs healthy trading relationships. However, for growing companies, this can be a very difficult and strenuous task. In PayStream Advisors’ latest research release, the 2014 Supplier Network Management report, we give an insightful overview of a very valuable technology that simplifies, controls, and optimizes an unavoidable and often overwhelming business process.
Many companies have hundreds or even thousands of trading partners across their organization, leading to significant business risk and financial cost when supplier data is inaccurate or not maintained. In addition, these companies struggle with locating the best suppliers, keeping compliant and up-to-date supplier information, and negotiating the best agreements—all vital components of effectively managing business commerce.
The keys to successfully managing an extensive supplier base and the mountain of associated information lie in supplier management and supplier network management (SNM) solutions. This technology is designed to extract more value from inbound value chains and reduce the risks and total costs of procurement while increasing innovation. SNM solutions maximize the value of supplier relationships by ensuring quality throughout the supplier relationship lifecycle.
Our market analysis report targets organizations that are looking for a solution to seamlessly manage and maintain relationships with suppliers. Using data collected from surveys of hundreds of financial professionals, our research shows current trends in B2B supply chain technology, as well as supply chain and supplier network software usage.
This report explores the various functionalities of SNM solutions that bring visibility and control into the supplier management process, including vendor portals, interactive dashboards, dispute resolution, eInvoicing, contract and payment management, robust reporting and analytics, and more. It also provides guidelines for organizations moving toward selecting an SNM software provider, and several profiles of leading SNM technology developers.
This valuable release is ideal for any organization looking to improve their trading relationships, reduce costs, and gain greater business security. Download your free copy of the 2014 Supplier Network Management report today.
market: higher education. In the current turbulent economy, the arguments for and against the necessity of a secondary degree are irrelevant against the reality that many people don’t have a choice. The modern family struggles against financial instabilities that place the expense of colleges on the back-burner, and in turn, higher educational institutions are seeing dropping attendance and diminishing revenues.
automation because of technology-intensive setup requirements and high costs. While large corporations with bigger budgets have achieved the efficiency and productivity of financial software, the same benefits have been just out reach for their smaller competitors. However, the rise of cloud-based solutions and more flexible application design is leveling the playing field for P2P technology adoption.
and functionalities of modern eProcurement solutions, bringing concise and intelligible detail on everything from requisition catalogs to shipment tracking capability. PayStream believes that it is important for readers to understand all the tools an eProcurement solution has to offer in order to choose the most robust and user-appropriate system. A truly comprehensive and dynamic procurement software will bring increased visibility, control, and connectivity to an organization’s purchasing activities and their entire Procurement department.
PayStream’s report reveals the power of HRM solutions to transform this inefficient process. Through real-time access to integrated workforce and business data, HRM solutions drive critical processes, and they deliver elemental business insight using complete transparency. The use of HRM solutions also enables information-rich, real-time reporting that helps CFO’s and HR managers make educated and effective decisions. The report also shows that in addition to consistency and accuracy, organizations need adept HRM techniques to properly handle their most important resource: employees. A company’s workforce drives growth and performance, and business success is linked to employees’ unique skills and talents. However, people—and total compensation costs—are difficult to predict, and having real-time access to important business metrics greatly increases a company’s ability to set realistic goals and measure results for their staff.
Stream’s research outlines the key differences of compliance between Brazil, Chile, and Mexico, starting with Brazil’s dynamic electronic invoice, the Nota Fiscal, from which many other LatAm countries have modelled their own eInvoicing process. The report goes on to explore the ins and outs of Mexico’s interesting use of 3rd party PACs, dissects what makes Chile’s process specially streamlined, and highlights the differentiating factors in all three countries’ compliance methods. The report details the many circumstances that can disrupt an entire shipping and payment process in these countries, such as server failure, missing documentation, or order inaccuracy, and what businesses must do to maintain compliance through these difficulties. This report also explores the diverse array of documentation and document formats required in shipment, and the many codes needed in tax reporting to pass audits. PayStream believes that knowing even the smallest nuances in these areas can be a company game changer.