Tech Zero
oboloo Joins Tech Zero

oboloo Joins Tech Zero oboloo has joined Tech Zero, a group of tech companies who are joining forces to accelerate progress to net zero, support tech companies in making a climate action plan and use tech to help the customers they serve live more sustainably. Tech Zero is led by Bulb and industry body Tech

What is Three-way Matching?

What is Three-way Matching? To eliminate fraud, save money, and maintain adequate records for auditing, three-way matching involves matching purchase orders (POs), goods receipt notes, and supplier invoices. In most cases, payment is issued to the supplier after a 3-way match has been made. Verification of invoices through three-way matching involves examining relevant documents proving

What is Procurement Management?

What is Procurement Management? The procurement management function makes sure that all the processes involved in a business’s acquisition of products, materials, goods, and services run smoothly. Depending on the business and industry, purchasing, procurement, and sourcing may be used interchangeably. Purchasing and procurement provide the actual operational function whereas sourcing is considered the strategic

Tips For Sourcing Goods & Services

Tips For Sourcing Goods & Services The sourcing of goods and service is the one part of procurement process that every company does to ensure they get best value from suppliers and also work with the right suppliers whose values align with their own. Companies either do sourcing activities without following a formal process or

A Simple Sourcing Process For SMEs

A Simple Sourcing Process For SMEs For many companies the Sourcing of goods and services is often as far as the procurement process goes, as it’s seen as the focus to get best value, to work with the right suppliers and to ultimately protect the company’s bottom line. It’s definitely a great place to start,

When Should A Company Use A Digital Procurement Solution?

When Should A Company Use A Digital Procurement Solution? Every company from a start up to a billion-pound turnover company procures good and services. The basic processes of procurement will be the same for all companies, irrelevant of their size. The processes being the sourcing of the goods or services, managing supply contracts and suppliers

What’s The Difference Between Procurement And Purchasing?

What’s The Difference Between Procurement And Purchasing? Both procurement and purchasing are involved in the process of acquiring goods and services. The two terms are often used interchangeably to describe this; however, they are two distinctly different processes. Procurement deals with the whole strategic life cycle of acquisition whilst purchasing is the transactional (tactical) process

The Emergence Of Cloud-Based Software for SMEs

The Emergence Of Cloud-Based Software for SMEs Cloud based computing has helped to democratise business software solutions that were previously the preserve of only larger companies with deep pockets. Historically these companies invested significant amounts of money into on-premise software that was customised, implemented, supported and updated by consultants. These companies benefitted from the efficiencies

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What Is oboloo And Who Is It For?

What Is oboloo And Who Is It For? oboloo was created to help SMEs save time and money working with their suppliers, reduce supplier risk and enable them to work with the right suppliers. oboloo is a cloud-based procurement software that gives them full visibility and control over every part of the procurement cycle, from

What Is Procurement And Why Is It Important For SME’s?

What Is Procurement and Why Is It Important For SME’s? Every company, everywhere in the world is doing it. It’s the opposite to customer sales as its’ where the company is the customer being sold to. It’s been an important part of most larger companies for many years and its playing an increasingly important role

What is ESG (Environmental, Social and Governance)?

What is ESG (Environmental, Social and Governance)? ‘Environmental, Social and Governance’, or ‘ESG’ as its more commonly referred to, is having an increasingly important influence on how companies operate. Originally used as a way of differentiating the value that companies deliver beyond just financial returns it has grown as companies and investors have become more

Procurement Process
We All Follow A Procurement Cycle

We All Follow A Procurement Cycle We all make personal purchases of goods and services throughout our lives. First, we identify exactly what we wish to purchase and we then, often subconsciously, consider what’s going to deliver best value for us, this might be based on cost, or quality or something totally different. Once we’ve

Can Procurement Software Save You Time?

Can Procurement Software Save You Time? Companies are increasingly investing in digital solutions to drive efficiencies and financial savings across every area in their business. One area that these solutions deliver significant financial savings is in procurement with the solutions often recording projected and realised savings delivered by both cost reduction and cost avoidance measured

How To Easily Increase Profitability

How To Easily Increase Profitability by Managing Third-Party Spend Every company wants to increase its profitability. To achieve this most companies, invest in marketing and sales to generate turnover that leads to increased profitability. There is another way to increase profitability and that is to manage third-party supplier spend. By actively managing this spend companies

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How To Protect Your Company’s Bottom Line With eProcurement Software

How To Protect Your Company’s Bottom Line With eProcurement Software Over the last few years, an increasing number of large companies have begun to take advantage of eProcurement systems to deliver better visibility and control over third-party supplier spend and ultimately to protect and grow their profit margins. This increased investment in eProcurement systems has

quality suppliers
You Get The Quality You Pay For

You Get The Quality You Pay For Once you’ve established that you want to purchase a good or service you’ll invariably look at the various features available that are offered and the price. As part of the price consideration you’ll also check the quality that you’ll receive in return. The rationale being that you pay

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The Price Is Part Of The Cost

The Price Is Part Of The Cost The values that we are brought up with at home, school and in the work place help determine how we make decisions. These core values influence purchasing decisions and are especially important when evaluating suppliers to better understand how they can add extra value beyond just a price

oboloo eprocurement software considerations
Key Considerations When Selecting An eProcurement Software

Key Considerations When Selecting An eProcurement Software Companies are turning increasingly to technology to deliver efficiencies and ultimately improve profitability. One area that technology is thriving in, especially in larger companies, is eProcurement. Finance and procurement teams have sought to use technology to deliver solutions to traditionally labour-intensive roles and leverage the processes to give

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Make Better Decisions Based On High Quality Data

How To Make Better Decisions From High Quality eProcurement Data The explosion of data available to companies has increased exponentially over the last few years. This is due to the collection of data by digital systems in every aspect of both our daily work and personal lives. The collection of this data is being used

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4 Easily Avoidable Procurement Mistakes

4 Easily Avoidable Procurement Mistakes Your organisation’s approach to procurement is one of the most important areas that can impact your business’ growth. It is what helps you to identify and deliver best value from suppliers, including reducing costs and streamlining your processes. Ultimately, it is what drive your bottom line.  Ideally you should create

Cloud eProcurement
5 Benefits of Using a Cloud-Based eProcurement Software

5 Benefits of Using a Cloud-Based eProcurement Software When it comes to the procurement of resources from suppliers for your business, a robust procurement strategy is important. This strategy is an established process to improve your company’s purchasing activities, from data collection and spend analysis to tendering, negotiation, contracting and supplier management. The goal is

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eProcurement is More Than Just eSourcing

eProcurement is More Than Just eSourcing eSourcing is only one part of the overall eProcurement process. eSourcing secures the best value and pricing which organisations can then lock into a contract. While eProcurement is the whole process from start to finish; sourcing to contract negotiation to ensure the smooth flow of goods and services. It

Supplier-chain management
Improve Your Supply Chain Performance With These 5 Tips

Improve Your Supply Chain Performance With These 5 Tips When it comes to successful procurement, having a steady supply chain is a crucial element. Supply chain managers are tasked with optimising efficiency strategies as the business climate evolves and as the company grows.  Every stage of the supply chain must be thoroughly evaluated and monitored

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What Managers Should Look for in an e-Procurement System

What Managers Should Look for in an e-Procurement System Manual procurement processes, although reliable, are a costly, document-laden process. The time you spend on email or paper exchanges could be allocated to marketing and finding ways to become more competitive in a digital, tech-first business landscape. Among managers surveyed in Deloitte’s 2018 Global CPO Survey, 83

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How To Develop An Effective E-Procurement Approach

How To Develop An Effective E-Procurement Approach If you’re running a business that usually handles multiple transactions a day concerning suppliers and clients, it’s essential to establish a practical procurement strategy. It will involve how you manage your products or services, carry out negotiations and store business documents. One convenient way to improve the flow

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Two Signs You Should Switch Over To A Cloud Based Procurement Software

Two Signs You Should Switch Over To A Cloud Based Procurement Software The prominence of cloud computing today has exceeded consumer expectations because more industries seek to leverage the technology to advance their operations. From the world of finance to the comfort of our own homes, the influence of “the cloud” is now ubiquitous because

procurement purchasing software
3 Reasons Supply Chain Visibility Is Essential

3 Reasons Supply Chain Visibility Is Essential Supply chain management has become more complex over the years as it expands to more locations all over the world. Delivering to locations across the globe has made products much more accessible, but it also comes with its own set of challenges. With these logistical difficulties, it is

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How Does E-Procurement Help Upgrade Your Business

How Does E-Procurement Help Upgrade Your Business The development of software to support B2B companies continually drives different industries to greater success. The better businesses work together with each other, the more effective they become are as individual businesses. Implementing an e-procurement platform for your company is an excellent way to increase productivity whilst streamlining

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Top 3 Benefits Procurement Teams Get From SaaS Solutions

Top 3 Benefits Procurement Teams Get From SaaS Solutions Businesses that heavily rely on purchasing goods or services from a third-party may get involved in a long complex procurement process. It can take many weeks for the procurement team to evaluate the RFPs, showcase the findings to executives, negotiate terms and review all the responses

Software oboloo blog
4 Steps For Selecting The Right Software For Your Business

4 Steps For Selecting The Right Software For Your Business 4 Steps For Selecting The Right Software For Your Business Choosing software for your business can be exciting, but it can be extremely stressful if you don’t really know what you need. There are a lot of options to choose from and selecting the right

Spend Analytics
How to Improve Your Organisation’s Spend Analysis & Procurement

How to Improve Your Organisation’s Spend Analysis & Procurement How to Improve Your Organisation’s Spend Analysis & Procurement The most important business strategy today, according to a report on a survey conducted by Deloitte, is reducing costs. Organisations need to do a thorough analysis of exactly where they are spending money and on what. They

Supplier Audit
3 Benefits of Adopting Supplier Management for Your Business

3 Benefits of Adopting Supplier Management for Your Business 3 Benefits of Adopting Supplier Management for Your Business SME’s and enterprises usually require many suppliers in order to operate efficiently and grow. This means you are more likely required to conduct supplier onboarding and vetting, which is the process of gathering data and documents needed

procurement process
4 Reasons to Upgrade Your Procurement Process

4 Reasons to Upgrade Your Procurement Process 4 Reasons to Upgrade Your Procurement Process There are always a series of processes to follow in any organisation. Whether it is in the general decision-making or specific to procurement, there are specific steps that should be followed. These processes are governed by rules that encourage everyone in

Cloud-based Procurement
Why use a cloud-based procurement software?

Why use a cloud-based procurement software? Why use a cloud-based procurement software? With the modern business landscape becoming ever more technologically-dependent, it’s clear that there is no reason for companies to not take advantage of the opportunities at hand. Thanks to the paradigm shifts affecting digitally-driven tools, the processes that each organisation follows are more

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What Are The Latest Trends In Procurement Software?

What Is a Procurement Platform? What Are The Latest Trends In Procurement Software’s? The business world can be incredibly fickle, so ensuring that every aspect of your business is working as it should is important as it helps insulate it from any external factors that may affect it.  One of the most important parts of

Procurement system blog
What Is a Procurement Platform?

What Is a Procurement Platform? What Is a Procurement Platform? When it comes to profitability, the procurement section of any private organisation serves as its strategic arm. Procurement is the division that helps make the process of outsourcing and supplying goods more efficient. For it to be effective, it needs to be optimised while still

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