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Strategic Sourcing & Vendor Management: Value Creation Levers for Operating Partners

E78 Partners

Strategic sourcing and vendor management. Procurement: The Underleveraged Engine of Value In many portfolio companiesespecially in sectors like manufacturing, healthcare, and consumer goodsprocurement can account for 5070% of total costs. Yet too often, its managed as a decentralized, reactive function.

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GIACT On Getting Ready For Nacha's Debit Account Verification Changes

PYMNTS

To that end, in an interview with PYMNTS, Kimber Johnson , executive vice president of strategic alliances at GIACT , said account validation is of increasing importance in an age where commerce is speeding up, and increasingly, moving online.

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Mid-year Gut Check: What to Read, Review, and Rethink to Sharpen the Path Forward

E78 Partners

It highlights the importance of tracking usage, mapping value to spend, and creating accountability across business units. Read the case study › One Thing to Rethink: How You Govern Sourcing and Vendor Relationships Are your vendors helping you scale — or quietly draining margin across your portfolio?

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B2B Tech Seeks To Connect Buyers And Suppliers Amid Market Volatility

PYMNTS

This week's roundup of the convergence of accounts payable (AP) and accounts receivable (AR) takes a look at how B2B payments solution providers are considering both buyers and suppliers as a result of the pandemic. PayMyTuition Meshes Education Vendor Management With AP. Versapay Eases Payment Pain With AR Tool.

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BNY Mellon Partners With Early Warning Services For Faster Payment Times

PYMNTS

With the new updated solution, BNY Mellon will let clients validate statuses and owners of accounts in real time across the U.S. The service is also payment-agnostic, able to verify accounts for payments including wire transfers, automated clearing houses (ACH) and real-time payments.

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Auditoria Debuts New Automation Features For Corporate Finance

PYMNTS

There are three new features — Intelligent Collections, Intelligent Vendor Management and Intelligent Planning — which are intended to remove time-wasting steps and friction and improve cash flow for corporate finance teams, the release stated.

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PayMyTuition Rolls Out B2B Supplier Payments Module

PYMNTS

To reshape how schools handle global business payments, payment processing provider PayMyTuition has rolled out an international vendor management module. Our innovative vendor management module will enable institutions access to a suite of international payment solutions that are directly integrated into their ERP and AP systems.”.

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