P2P and Network Buying Tips
Looking for a Procure to Pay (P2P) solution? Generally, a recognizable brand gets first consideration. But searching beyond the familiar logo, you now have more choices than ever. If you’re in the market for P2P software, you could feasibly see at least 10 or 15 demos. How do you discern fact from hyperbole?
According to Spend Matters, sales tactics regularly get in the way of good buying decisions. However, common sense and a few simple tools, like the 4+2+2 reference rule, can improve the selection process and help you find the right solution for your needs.
Here are some questions Spend Matters explores that will help with your homework:
- Do you have a clear idea of what’s really best for your business?
- Are you prepared to succeed in the rapidly evolving P2P world?
- Do you have the right facts from the right sources?
Buying software is important and unavoidable. Unlike with many other purchases, you’re not protected when buying software. For this reason, you need more than luck — you need tools to discern potential misleading information to make the right decisions!
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Determine, Inc. (NASDAQ: DTRM) is a leading global provider of SaaS Source to Pay and Enterprise Contract Lifecycle Management (ECLM) solutions. Our visionary technologies allow our customers to effectively manage the full scope of Source to Pay and ECLM using our Determine Cloud Platform. Our Source to Pay software suite includes strategic sourcing, supplier management, contract management and procure-to-pay applications.
The Determine Cloud Platform gives procurement, finance and legal professionals the ability to deliver profound insights through analysis of their supplier relationships and contractual requirements. Our customers leverage the Determine Cloud Platform to discover previously unseen supplier and spend data; make more informed and smarter business decisions; drive new revenue; control costs; improve workflow efficiencies; and mitigate risk.
Our customers benefit from the Determine Cloud Platform’s robust suite of integrated applications. Whether they start with a full-suite implementation or choose to implement just one application and build over time, each additional application allows for the automatic sharing of data already in place on the Determine Cloud Platform.