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THE BACKGROUND According to the European Commission, over 250 000 EU public authorities spend 14 percent of their GDP (gross domestic product) on purchasing services, works, and supplies each year. As a result, government agencies in various sectors such as energy,...

Organizations are being held back by outdated practices, especially as the worldwide support of a remote workforce grows. Businesses can stay productive as the world changes by working in a secure online environment and interacting in real-time. However,...

The success of your Accounts Payable department can have a big impact on the rest of the company. The strategic relevance of good, transparent Accounts Payable systems has risen in recent years. Businesses have become increasingly reliant on suppliers to foster...

The year 2022 is shaping up to be a watershed moment in the realm of digital business compliance. To assist firms with their planning, our experts have compiled answers to three frequently asked concerns about e-invoicing compliance in 2022. Every day, we work with...

We live in a complex environment where many businesses use a combination of legacy and modern systems to run their operations. In this blog, we'll go over some crucial points to keep in mind when integrating ERP and procure-to-pay (P2P) systems, as well as why it's...

The logistics industry's operational operations may appear simple: something must be shipped from Point A to Point B, sometimes via Point C. However, the accounts payable procedure can become pretty complicated to ensure that deliveries are done quickly. The...

A supplier portal, also known as a vendor portal, is an online platform that allows businesses to communicate with and interact with their vendors. It's a collaborative platform where both the customer and the supplier may enter data, send documents, track orders, and...

Electronic invoicing is quickly becoming more than just a common practice worldwide. After all, with the advantages of speed, affordability, and accuracy being well established, it's difficult to justify using paper-based methods. In fact, the practice is so...

The complexity of 3PL integration Third-party logistics (3PL) companies provide extra support for various phases of shipping operations, acting as links in the supply chain's outsourced distribution and fulfillment stages. While third-party logistics (3PL) services...

The pandemic is one of the numerous factors contributing to the need for a more digital approach to supply chain optimization.   The digitalization of supply chains is increasingly on the radar of CFOs for various reasons, both pandemic-related and non. Improving...

Wondering what's the difference between EDIFACT and OIOUBL? What exactly does EDI stand for? What's more, why should you use it? When it comes to electronic invoicing, there might be a lot to keep track of. As a result, here is some explanation to clear up any...

According to a recent report by Accenture, 80 percent of B2B buyers have moved from suppliers who failed to satisfy their expectations. According to the poll conducted over two years, uncompetitive pricing, long lead times, and missed delivery dates were the most...

Manufacturing businesses frequently confront issues related to complex supply chains, which substantially impact how they manage supplier relationships. In these situations, procurement entails working with a variety of different types of suppliers, some of whom are...

The EDI 846 Inventory Inquiry/Advice has turned into a fundamental EDI document because of demand in dropshipping and online/e-commerce business. The EDI 846 enables organizations to streamline inventory updates, which benefits the two purchasers (retailers or...

Discovering and onboarding Trading Partners can be troublesome. While extending item variety for a long time, retailers use an incredibly slow process. It's not abnormal for them to spend about two months simply obtaining sellers for a specific new product and an...

The Purchase Order Change is a critical EDI document for inventory management, supply chain efficiency, and financial accuracy. The EDI 860 is a common name for the Purchase Order Change. This document ensures the accuracy of a final order. It also aids in invoice...

With all the market disruptions in the past few years, the world has gone through the darkest times in history. It is astonishing to see how the world has adapted to the circumstances, with what little it could arrange. The Covid-19 pandemic, lockdown, hurricanes,...

Is your Accounts Payable process prone to errors, slow, and costly? Is your company buried under the stress of dealing with invoices? Invoice processing is a monotonous, laborious, and error-prone, unavoidable task. The accounting department relies on manual,...

Whether you're new to EDI or presently use an on-premises infrastructure solution, you may be considering making the transfer to a cloud-based solution soon. When anything is accessed over a network connection and need not be stored locally, the term 'cloud' is used....

For ensuring success in retail business, it's vital to realize how much stock you have, the quantity you've sold, and what products to store and produce more. This data can assist you with managing advertising dollars, further develop sell-through, avoid overloads of...

To meet the needs of today's customers and their satisfaction, purchasing organization continuously needs to update and add new products. And they want suppliers to fulfill products as fast as possible to meet the customer's demand/  But getting suppliers to measure...

More than 85% of all electronic business transactions take place using Electronic Data Interchange (EDI), which means that modern organizations & businesses cannot function without EDI. But selecting an EDI provider can be challenging whether you are just getting...

The growth stage of the product life cycle is when your product hits the road and takes on the acceleration. Once you launch your product, you need to spread awareness, establish your brand in the market, increase market share, improve sales and increase revenue. In...

B2B companies now rely on technology more than ever before. Modern e-commerce is a vital strategy for B2B businesses due to forced digital transformation, fast-changing market conditions, and shifting buyer preferences. Many firms used to think of Electronic Data...

Welcome back to Hubbroker's Digital Guide. You read in the first part about the whats of digital transformation and that simply integrating new tools into your system is not enough. In the second part, we shared thorough knowledge about the importance of digital...

In the last part of our digital guide, we delivered a basic description of digitalization. There is loads of knowledge to be shared about going paperless, automating business functions, and transferring data to the cloud. Cultural transformation, domain...

There are different ways people perceive the term "Digital Transformation" in their lives and companies. As the world evolves, digital transformation has become a necessity rather than a luxury to stay competitive in the industry. You can hear this across every...

Due to the coronavirus pandemic, there are considerable losses in logistics and supply chain ecosystems. Among the giant coffeehouses, Starbucks has reported shortages of the necessary ingredients for the coffees like vanilla and cups. Disruptions and delays at...

To build deeper connections with their business partners and stakeholders, organizations should grab the opportunity of the cloud. B2B integrations got a bit challenging in the past few years, as a pile of data, market diversification, and security concerns have added...

'Partner Onboarding' is not a very new term, but it has become pretty crucial over the past few years. The term is quite popular, but still, many people do not know what it actually means and the processes it includes. So in this blog, we will discuss a few vital...

There are hundreds of transactions taking place among partners in B2B enterprises. All this trading needs tremendous IT support for managing various connections, formats, protocols, and policies. Unfortunately, many companies are still struggling to manage trading...

The floods, storms, or other natural calamities may disrupt the entire supply chain processes and leave their customers or businesses dissatisfied. The supply chain processes are disturbed because of weather issues where the customers are left unsatisfied because of...

The year 2020-21 brought a major change in E-commerce, and it accelerated the future of e-commerce and Omni channels of sales and outsourcing. All the companies shifted to omnichannel and e-commerce. If you haven't brought the necessary changes to your company, it is...

Electronic Data Interchange, generally known as EDI, is the current favorite topic. But what is EDI, and what is the future of EDI? To answer your question, we need to understand the various factors it depends on, including technologies and the underlying business...

Covid-19 had a cascading effect over the entire world, disrupting and destroying countless lives and shutting down a number of businesses. Amidst the hardships and disruption, there is still a silver lining. There were tons of opportunities created, and it began a new...

People have expectations, whether it is shopping, traveling, academics, or anything. They expect it to be good enough for your time, value, and money, and it should be worth it, right. And if the expectations are not met or are out of harmony, customers tend to feel...

With the increasing awareness about sustainability and carbon footprints, organizations are changing the way of their communication. Environment and sustainability concerns are trendy topics in today's world. Businesses worldwide are strategizing their communication...

Envision the time you could save if your accounts payable (a/p) took care of themselves. In a completely automated accounting process, the invoices could be automatically read, verified, cross-checked, and quietly into the system in the background when a report has...

You're not alone if you're considering implementing EDI (Electronic Data Interchange) in your organization. Companies must enhance their supply chain management in these troubling circumstances, and EDI is the vital tool that ensures consistency, accountability, and...

Implementing iPaaS If your firm requires B2B integration, it's crucial to think about incorporating iPaaS into the equation to help it reach its full potential. Why? Because the demand for B2B integrations is skyrocketing and companies won't be able to do it alone....

After witnessing the global economic disruption in the past couple of years, many organizations changed their strategies to augment and enhance their revenues. They adopted new revenue channels such as e-commerce to boost revenues and customer growth. Now the...

Say goodbye to the manual labor of printing and passing papers to generate invoices. In traditional methods, there is printing of invoices, sending it via email, pdf or fax. Suppliers and purchasers go round and round for generating invoices for a single transaction....

Invoice processing needs great attention, and it is one of the most time-consuming processes for any organization. One cannot afford to have errors in generating invoices. Even the minute details matter the most. Accounts and financial teams are constantly dealing...

Procurement plays a critical role in manufacturing organizations. This function must concurrently balance assurance of supply, quality, and cost reduction while trying to maximize profits. Reliance on manual processes causes manufacturing organizations to suffer in...

In today's world, there is a lot of information and data to consume. Business owners are also experiencing fatigue, balancing all their teams and day-to-day tasks while maintaining efficient workflow in core and non-core activities. It takes a toll on business leaders...

With the paradigm shift in technology, business operations around the world have changed drastically. Some of the businesses out-shined their performances, and some are still struggling to find their way out. According to a recent report by Forrester, around 25% of...