Accounts Payable Hub

Although Concur and Tipalti both help companies automate their accounts payable processes, each platform is designed with different features and solutions for finance teams. Here’s a look at some of the differences between Tipalti and Concur.

Enterprise risk management helps a company anticipate, detect, and respond to change. Risk assessment includes potential risks, new risks, and changes to existing business risks. Change creates both threats requiring lessening of downside risks and lucrative opportunities to pursue. ERM methodology builds resilience.

A procurement strategy is the blueprint for implementing a procurement process. It considers everything from building a supply chain, the systems for initiating and tracking purchases, managing costs and risks, and evaluating results. The goal is to quickly match buyers with contracted suppliers, streamline transaction processing, eliminate errors, minimize risk, and effectively manage corporate expenses.

Sourcing and procurement aren’t separate business practices, where one has more value than the other. They are tightly inter-related business processes for purchasing goods and services. Together, they deliver great value to many businesses, especially those competing in competitive global markets.

E Tendering helps businesses efficiently find the best suppliers for upcoming purchases at the right price. Multiple vendors respond to procurement opportunities electronically, competing to win sales or provide business services.