vendor management solutions

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Bill Audit Billing Optimization Cost Reduction Services Document Management vendor management solutions

What is the difference between TEM and VMS?

To answer this question, we need to understand the value that each of these services provides.  VMS is an acronym for Vendor Management Solutions.  A true fully managed VMS solution is one whe...

Billing Optimization vs Bill Audit
Bill Audit Billing Optimization Cost Reduction Services Document Management vendor management solutions

Billing Optimization vs Bill Auditing

The Bill Audit is a point in time review of your past bills that will help you uncover savings from your indirect expenses. It is the process of taking a comprehensive look at the current state of an organizati...

Cost of Procrastination
Bill Audit Billing Optimization Cost Reduction Services Document Management vendor management solutions

Postponing Contract Negotiations Can Cost You Money and Increase Your Organizational Risk

Contracts are a critical piece of the puzzle when managing vendor relationships. They govern the relationships between a business and its vendors, its sub-contractors, its staff and its internal auditors. Th...

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Bill Audit Billing Optimization Cost Reduction Services Document Management vendor management solutions

Should a Company Outsource its Vendor Management?

Vendor Management organizations are being asked to do more than ever before, including oversee new services, deal with troublesome suppliers/vendors and meet ever-increasing performance goals—all of this with l...

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Bill Audit Billing Optimization Cost Reduction Services Document Management vendor management solutions

A Quality VMS Approach Can Help Businesses Navigate COVID-19 Challenges

Vendor Management and Finance teams in nearly every industry are wrestling with many challenges because of the COVID-19 pandemic. They face health and safety concerns, significant threats to cash and liquidity,...

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Bill Audit Billing Optimization Cost Reduction Services Document Management vendor management solutions

The Role of Finance in Vendor Management

In a traditional business structure, Vendor Management and Finance are two separate departments, working alongside one another within the organization. While this works, it isn’t the most efficient and effectiv...