The digitization of contact lifecycle management (CLM) may not be one of the most glamorous business processes. But it still makes a major contribution to the company's prosperity. The reason is clear: Managing hundreds or even thousands of contracts efficiently is no easy task – especially across different departments and locations.
Digitalizing incoming invoice processing enables companies to reap a wide range of benefits. After all, by switching to digital invoice management, the workflow and handling of incoming invoices are raised to a qualitatively higher level.
Contracts are like the skeleton of a company. Although they’re not visible on general business operations, they do provide indispensable support without which no company can act.
With the globalization and digitalization of business relationships, the importance of contracts is growing. Companies are acting under increased regulatory and time pressure and find themselves having to enter into more complex contractual collaborations.
In this blog post, you’ll discover what companies need to pay attention to when dealing with master data in light of the upcoming migration to S/4HANA, what changes SAP S/4HANA will bring for master data and what options are available when migrating to S/4HANA.
A good indicator of the quality of the purchase-to-pay process in a company is incoming invoices. These 10 important key performance indicators (KPIs) for the P2P process will show you why this is the case and how you can better assess the status of purchasing digitization in your company.
We will keep you regularly up to date. Subscribe to our newsletter and find out everything you need to know about the digitization of business processes. The topics will be prepared for you in a tailor-made and varied way.
