The people involved in procurement can be scattered all over the world and across a range of organisations with differing IT platforms.
A cloud-based service can provide a homogenous 24/7 service where none of these things matter. Providers claim that a cloud-based solution costs as little as 31 per cent of an in-house system where supplier communication can make up 40 to 70 per cent of costs.
Open networks can also allow suppliers to keep customer catalogues updated and confirm orders while users can quickly turn purchase orders into invoices, confirm receipt and manage contracts. Such systems can provide improved spending visibility and control.
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