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Driving value through digital procurement – Contract Management (part1)

By: Andrada Sabo | June 13, 2018

Digitisation, IoT, Artificial Intelligence… 3 expressions that have the ability to scare, excite and bring value to businesses at the same time. Digitisation has been around for a while now, and while everyone wants to learn about it, it still seems to be a taboo topic when it comes to ways of integrating it into […]

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Meet the Team – Ana Anghelus, Team Lead OPS

By: Andrada Sabo| June 6, 2018

June’s Meet the Team interview features Ana, one of our Operational Procurement Support Team Leads, based in Cluj. Ana is a born leader, with great people management skills and a fun, energetic person outside the office, always making people smile and have a good time around her. Tell us about your time/journey in Xoomworks My […]

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Top Tips for a Successful P2P Implementation

By: Alexandra Pogacean| May 31, 2018

An efficient procurement operation is vital for any business. You can significantly reduce costs and boost profitability by not only measuring the performance of your procurement operations but also deriving actionable information. A quality P2P platform will enable delivery of strategic procurement goals and adherence to business process.   Benefits of P2P software Spend 25% […]

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How to create a world class procurement organisation

By: Alexandra Pogacean| May 29, 2018

Historically the purpose of the procurement function has been to identify and procure goods and services that articulate and elevate an organisation’s offering. More recently however, through transformational business practices, procurement has become a key enabler to the generation of incremental profit and is now also becoming the custodian of third party risk awareness and […]

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The importance of Procurement Data Analytics and how to make it work

By: Arun Yadav| May 24, 2018

Fancy bar and pie charts, complex scatter graphs, even those 3-D area graphs we all wish we could use, they may look good, but what are they actually telling us? Let’s start with what Data Analytics is. It refers to “qualitative and quantitative techniques and processes used to enhance productivity and business gain. Data is […]

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How to Become Paperless and Why Some Never Will (Part 3)

By: Dan Butts| May 23, 2018

Within part 2 of this blog series we outlined the initial steps necessary to achieve a truly paperless procurement environment. In this final part of the series we will reveal how to engage Accounts Payable, Procurement and your suppliers all in harmony. We will then break down the KPI’s to measure for success along with […]

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The environmental benefits of using Procure to Pay software

By: Joe Ciotkowski| May 18, 2018

With environmental issues perhaps slipping down the political and consumer agenda in these tumultuous times, it can be easy to for procurement leaders to focus on the bottom line. However, when it comes to the use of procure to pay software (P2P), the bottom line and environmental benefits are often intrinsically linked. Of course there […]

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Where to next? AI in procurement

By: Alexandra Pogacean| May 11, 2018

On a daily basis, we see artificial intelligence (AI) impacting our lives, and its advancement is not slowing. It’s already at work in iPhone’s SIRI and Amazon’s Alexa. Not so long ago, the greater part of the AI talk appeared to be centered around future transformations and future possibilities. Now we see that that future […]

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What GDPR means for Procurement and how it could give you Competitive Advantage

By: Andrada Sabo| May 2, 2018

GDPR – the topic that’s been on everyone’s mind, in the business world, for the past few months is slowly reaching its due date. So, is your business GDPR compliant? Moreover, is your procurement organisation GDPR compliant?   At first glance, making sure your company is GDPR compliant can be a real hassle – time […]

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