article thumbnail

How BFSI GBS Organizations are Taking a Leadership Role within the Enterprise VMO | Virtual Roundtable

Everest Group

Summary Mature banking, financial services, and insurance (BFSI) global business services (GBS) organizations are taking on advanced vendor management organization (VMO) roles, acquiring more responsibility in governing service provider delivery. October 13, 2021 |. 8 AM CDT | 9 AM EDT | 2 PM BST | 6:30 PM IST. Who should attend?

article thumbnail

How To Calculate Procurement Savings

Obobo

In light of the ongoing effects of the pandemic, it is essential that businesses keep track of all cost reduction initiatives and strategic sourcing in order to survive harsh economic declines. Savings tracking refers to a method of estimating how much a company will save by using strategic sourcing and other cost-effective tactics.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supplier Management Best Practices

Planergy Software

-based vendors you do business with have to have to prove that they have a minimum of two types of insurance coverage. They must show proof of worker’s compensation insurance, which provides wages and medical benefits to any employees injured while on the job.

article thumbnail

The Benefits of Intelligent Process Automation

SIG Speaks

Submitting proper certifications, insurance forms, tax, and banking info will allow the customer to only do business with approved suppliers with adequate documentation. Intelligent automation benefits span the entire Source-to-Pay process.

article thumbnail

Discretionary Expenses: What Are They, Examples, and How To Control Them In Business

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Homeowner’s Insurance Homeowner’s insurance is a policy that provides financial protection against damage to your home and personal belongings due to events like fires, storms, or theft.

Finance 52
article thumbnail

Outsourcing: Challenges, Opportunities and Best Practices

SIG Speaks

There is a high chance that was answering services of any banking, insurance, technology, and an external organization handles many more. Outsourcing business activities became standard across industries irrespective of their size or work area.

article thumbnail

Travel and Expense Policy: What Is It, Example Template, and Best Practices

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Emergencies If an emergency arises, there should be information about who to contact, including your travel insurance policy information. How to gain visibility and control of your indirect spend.

Finance 52