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SC Finance & Revenue Management: Page 167

Automating Procurement Process in Small and Mid-Sized Businesses Can Bring Huge Savings
The savings that can be retrieved by automating and rationalizing approval and purchasing processes in small and mid-sized companies are palpable. A 2009 Aberdeen Group study estimated that "improving the percentage of all non-payroll, tax, tariff and fee-related spend" - that is, indirect, nonstrategic expenses - brought under the management of a dedicated group can help enterprises "achieve a 5% to 20% cost savings for each dollar brought under spend management".
HighJump's EDI Group Offering Hosted Integration for Sage ERP Users
HighJump Software has created a hosted version of its electronic data interchange (EDI) tool for users of the Sage 100 enterprise resource planning (ERP) system.
Accenture Acquires Octagon Research Solutions, Life Sciences Specialist
The business consultancy Accenture has agreed to acquire Octagon Research Solutions Inc., a provider of clinical and regulatory information-management services and software to the pharmaceutical industry.
Panjiva Issues Maritime Monitor for Trade Analysis, Lead Generation
Panjiva, provider of a platform for global sourcing, has developed Maritime Monitor, a product designed to meet the trade-analysis and lead-generation needs of the maritime industry.
The Pros and Cons of Hedging Ocean Freight Rates
Over the last five years, the word "hedge" has become something of a dirty word. Think hedge funds - those massive, unregulated accumulations of capital that played a key role in bringing about the Great Recession. The idea of protecting oneself against adverse economic conditions seemed sound, but it quickly mutated into a bewildering flurry of transactions that ended up creating more risk than they were designed to mitigate. What's more, the original concept behind hedge funds became watered down to the point that many today aren't really "hedging" against anything. They're simply a means for investors to park their money with a trusted fund manager who might or might not repay that trust in the form of steady returns - all with minimal regulatory oversight.
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Are You Realizing the Full Value From Your Cloud Investments?
Few phrases are generating more buzz in the business world today than cloud computing. This concept has been rapidly embraced by companies in every industry because of the obvious opportunities to save money and other valuable resources. In fact, Forrester Research projects that the global cloud computing industry will grow from $40.7bn in 2010 to more than $241bn by 2020.
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Strategies for Reducing Supply-Chain Risk
Paul Vanderspek, clinical professor at Colorado State University, offers some valuable strategies for alleviating risk association with potential supply disruptions.
Epicor Updates Software for Human Capital Management
Epicor Software Corp., a vendor of business applications for manufacturing, distribution, retail and services organizations, has released version 5.7 of Epicor HCM (Human Capital Management).
The Pros and Cons of Hedging Ocean Freight Rates
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Criteria for Make-vs.-Buy Decisions
MeadWestvaco, a global packaging solutions provider, has identified a number of new markets in which it sees the potential for profitable growth, says Brian McClure, director of global procurement and supply chain. As the company moves into these new markets, it is faced with a lot of decisions about whether to make or buy goods and services.
Spectrum Chemicals Takes the Lid Off Growth
The company's sales of high-value chemicals, laboratory supplies and equipment were constrained by an inefficient order-entry and processing system. It needed a new sourcing solution for its upstream supply chain.
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Acsis Updates Apps for Tracking, Automated Data Collection
Acsis Inc. has released new versions of its applications for product tracking, automated data collection and task management.
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