3 Business Resolutions You Can Actually Keep In 2021
The New Year of 2021 is right around the corner, and many are breathing a sigh of relief that 2020 is finally coming to a close. After a daunting, strenuous,…
What 2021 Has In Store For Supply Chain And Procurement
As December 31, 2020 fast approaches, it’s becoming increasingly apparent that we might as well start calling the “new normal” plain-old no-modifier “normal,” because what we used to call normal…
B2B Holiday Gift Giving For Grateful Procurement Pros: Covid-19 Edition
When the snow starts falling and the Walmart speakers start fa-la-la-la-la-ing (okay, that was back before Halloween, but still), then you know it’s time to start thinking about how to…
Do you need to take a serious assessment of your business right now? For months, we’ve seen how COVID-19 has affected our personal lives, businesses, and the way our society…
Spend Analytics At The Private Equity Level Are Critical To Future Success
Keeping spend analysis at the portfolio company level results in data silos, missed savings opportunities, decreased negotiating power, increased compliance risks, and a negatively impacted valuation and EBITDA figures at…
Capture And Enforce Savings With A Central Private Equity Level Procurement Marketplace
A private equity level procurement marketplace such as Premikati’s PE Marketplace allows firms to maximize on savings utilizing group purchasing power and then enforce those negotiated rates to ensure savings…
Private Equity Firms Gain Quick Wins With Optimized Sourcing
Sourcing at the private equity level offers maximized savings via leveraged buying power, the ability to standardize processes and best practices, increase spend visibility and analysis capacities, and improve valuation…
5 Ways Legal Teams Gain A Boost From Contract Management Software
Navigating procurement contracts as a legal professional and feel like walking through a minefield, especially if your company is still relying on outdated procurement practices. A good, digital contract management…
Contract Management Software Boosts Quick Wins for Procurement Teams
Contracts are the heart and soul of procurement operations. Even a few outdated processes can slow down your team and impact supplier relationships. A modern contract management system, however, can…
So many things have changed in 2020, what a year! But, what matters most is ensuring the spokes of your procurement wheels are all there. It really comes down to…
7 Ways Financial Departments Benefit From A Modern Contract Management System Finance and procurement go together like peanut butter and jelly. Procurement teams must have both time and funds…
Leverage Group Purchasing Organizations for Your Business
When you talk about Group Purchasing Organizations (GPOs) for improving cost savings, the most strategic way this is done is through indirect spend. For example, an organization’s expenditures that are…
Summary: Premikati Marketplace bolsters the efforts of CFOs by offering an easy-to-use consumer-style B2B purchasing platform with deep, enterprise-grade spend controls and analysis tools. Premikati offers trusted suppliers with steep…
Don’t Let These 8 Things Happen To Your Procurement Team
Is your purchasing software pulling its weight? Poorly executed purchasing platforms not only cost you time and money, they put your company at legal and reputational risk. If any of…
There was a time when the socially conscious supply chain was more of a side dish, or perhaps icing on the cake so to speak. For instance, after profits were…
There isn’t any question that inclusive corporate practices and business shared values have been highlighted in recent years as customers increase their search for companies who induce rich social impact…
Not all technology partners are created equal. The best run companies attract and retain top-notch talent and the on-staff management team knows how to see a project through to success.…
The recent COVID-19 pandemic has shined a light on getting back to the fundamentals within the supply chain. It’s really all about agility and alignment with evolving customer demands. Now,…
5 Reasons You Need a Real Contract Management System
Are you still using Sharepoint or similar software for contract management? You may be putting your business at risk and losing a lot of time and credibility in the process.…
Even with advanced solutions available, many businesses still try to make do with their legacy systems - and manual tools - when managing their procure-to pay process. Even if work…
As the COVID-19 pandemic spread throughout the world, supply chains and procurement saw their traditional modeling around price negotiations, contract compliance, and cost control become overwhelmed with unprecedented challenges. Through…
Future Proof Your Supply Chain Over the past two months, every government and healthcare facility around the world has worked tirelessly to learn more about COVID-19, to treat afflicted patients…
How To Thrive While Transitioning To A Virtual Workforce
How To Thrive While Transitioning To A Virtual Workforce Summary: Many people are working from home during the coronavirus pandemic. New remote workers and businesses can help foster success by…
How to Streamline your Procurement Processes During a Pandemic
Procurement Processes and a Pandemic Within our modern era of globalization, and inter-woven supply chains, the coronavirus pandemic is presenting an unforeseen set of challenges to address. The state…
SMBs Can Leverage BPO to Improve Procurement As important as the procurement function is for companies to purchase the products and services they need in a compliant, cost-effective way, many…
Eliminate Spend Sieves with a Three-Way Match Your business is dynamic and fast paced, and you want to be on the move, getting the real work done. In this…
Procurement Automation: Best Bet for Growth for SMBs
Procurement Automation: Your Best Bet for Growth Is there a way to optimize your procurement processes without having to make a massive investment in IT? Can you eliminate manual processes…
Continuing Education Resources for Procurement Professionals
5 Continuing Education Resources for Procurement Professionals For procurement professionals to get ahead in their careers and help their companies succeed, continuing education can play a key role. From formal…
Why You Should Incorporate ESG Into Your Supply Chain Companies that incorporate environmental, social and governance (ESG) factors into business practices can not only create more ethical companies that…
The New Era of Product Shipping With the rise of e-commerce has come increased expectations around delivery service, including in both the consumer and B2B worlds. When a consumer buys…
A New Year's Resolution to Cut Procurement Costs, Not Quality Many people take on personal new year’s resolutions such as to lose weight, but what’s often more important than…
Top 4 Best Holiday Gifts for Suppliers We’ve talked before about the importance of nurturing good relationships with your suppliers in the past. During the festive season, why not reach…
Summary: Rogue spend—unmanaged spend—puts businesses at risk of noncompliance, creates unpredictable budgets, reduces forecasting accuracy and completeness, and overall reduces business profits. By using spend analytics, rogue spend can more…
Premikati, Inc. Announced as SAP Ariba Gold Partner
We are pleased to announce that Premikati, Inc. has achieved the next program level in the SAP PartnerEdge Program and we are now a “Gold” Partner due to the successful…
Premikati’s COO and General Counsel Chad Buchanan talks about the challenges that companies in the mid market face and their unique approach to intelligent spend management utilizing SAP Ariba technology.
Five Frustrations Procurement Professionals Will Understand
Every profession comes with its frustrations, but procurement comes with its own very specific set. If you’ve been in the business for more than a minute, you’ve probably wanted to…
3 Best Practices to Open the Silo Between Accounts Payable and Procurement
Summary: Accounts payable and procurement work hand in hand, although many departments remain uninformed about the goals, metrics, decisions, and communications of the other. Businesses can breach data silos among…
For SMBs, procurement can be the largest area of spending, often representing 50 percent of sales revenue. For companies looking to send value to the bottom line rather than take…
Top 6 Ways to Engage Sustainable Sourcing for SMBs
Summary: Sustainable sourcing has become a consumer and investor expectation which impacts businesses not only morally and ethically, but alters customer loyalty, price point, risk level, and more. Because SMBs…
Intelligent Spend Management: Why it Exists, and Why you Need it Between global sourcing initiatives, product lifecycle management, supplier diversity milestones and more, the procurement operation in any sizable company…
The SMB Digital Transformation Challenge: Why SMBs Have Typically Been Digital Laggards in Procurement While essentially every company could benefit from digital transformation — whereby they adopt digital technologies and processes…
Supplier Diversity: How it Improves Business, and How it Works
Supplier Diversity: How it Improves Business, and How it Works Diverse spend is an ongoing goal for companies large and small alike. For government contractors and their subcontractors along the…
Digital Transformation in Small and Medium Sized Businesses
SMBs and Digital Transformation: Is Your Company a Laggard or a Front Runner? SMBs have long been seen as being “behind the curve” in terms of transformative businesses processes. This…
Premikati and SAP Ariba Deliver Enterprise-class Procurement for SMBs
For small and medium-sized businesses (SMBs), shrewd spending decisions can mean the difference between failure and success. But many lack the systems and staff to make procurement a mission-critical priority.…
SAP Ariba silver partner Premikati recently completed a project that provides students, parents, and schools in Florida with much-improved access to services and financial support through the Step Up for Students (SUFS)…
As one of only eight companies in North America that have the ability to implement SAP Ariba Snap solution that is targeted at mid-market companies, we at Premikati, Inc. have…
Marisol Buchanan, CEO of Premikati, Inc., had the pleasure to speak in NYC at SAP Ariba’s Business with a Purpose Summit – along with Step Up for Students (SUFS) COO,…
CEO of Premikati Named to National Small Business Association Leadership Council
Marisol Buchanan, CEO of Premikati, located in Indianapolis, IN was recently named to the National Small Business Association (NSBA) Leadership Council. NSBA is the nation’s oldest small-business advocacy organization, and…
Having been an SAP Ariba customer, employee, and now SAP Ariba BPO partner, I have seen many of the pain points of the implementation of this module. Granted, this list…
When a company decides it has a need for a Contract Management software, the first step is generally to send out an RFI/RFP. A number of weeks and many pages of responses…
Changing the Game in Education with Step Up for Students and SAP Ariba
Non-profit to launch digital marketplace for simple, efficient administration of scholarships to low-income and special needs students August 01, 2017 08:30 AM Eastern Daylight Time PALO ALTO, Calif.–(BUSINESS WIRE)–Back to…
Premikati, Inc. with Aon Cornerstone Partnership, A “Win-Win” For Premikati, Inc. Clients Looking to Diversify Their Supply Chain Indianapolis, IN Nov.2, 2016 – Premikati,Inc. today announced a strategic partnership with Aon…
Premikati Transforms Contract Management with SAP Ariba
Certified WBE outsourcing firm leverages cloud-based solutions to fuel efficient digital process that delivers savings and compliance PALO ALTO, Calif., November 16, 2016 – The cloud is where efficient contract management…
The Premikati Marketplace is everything you’ve been dreaming about to streamline your purchase request to order process and better manage the relationship with your suppliers. Procurement software leader, SAP Ariba™,…
When you pass someone on the street and mention procurement as a career, you’re likely to get blank stares and maybe even snores from the uninitiated. In reality though, procurement…
What are the Real Costs of Your Supplier Relationships?
Summary: Supplier relationships can be costly in terms of both money and time investments, and can also be rife with risk. Many businesses are turning to B2B marketplaces in order…
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