The ability to easily share data with other businesses and with customers is among the most critical drivers for modern, mission-critical business initiatives. API, or Application Program Interface is the software intermediary that allows different software applications to talk to each other. APIs are all around us, even as many of us may not be unaware of this. When we ...
Transfer PricingTransfer pricing is the price at which one entity transfers or transact supplies/ Goods to another entity. In other words, transfer pricing is the price which is paid for goods or services transferred from one unit of an organization to its other units situated in different countries. Transfer prices are used when individual entities of a larger multi-entity firm ...
What is a digital signature?A digital signature—a type of electronic signature—is a mathematical algorithm routinely used to validate the authenticity and integrity of a message (e.g., an email, a credit card transaction, or a digital document). Digital signatures create a virtual fingerprint that is unique to a person or entity and are used to identify users and protect information in ...
What is Vendor Management?Vendor management refers to the set of processes used by organizations to manage their suppliers, who are also known as vendors. Vendor management includes activities such as selecting & onboarding the vendors, negotiating contracts, controlling costs, reducing vendor-related risks and ensuring service delivery. Vendor management empowers an organization to take appropriate measures for ensuring excellent service deliverability ...
What is the best time to identify a defect/ discrepancy?While there are many technically correct answers to this question, a smart answer doing the rounds is “to find it before it happens”. As the proverb goes “Prevention is better than cure”. On a similar note, it would be good to ask ourselves: “what is the best time to do Vendor ...
Most manufacturing companies need to procure materials and services from hundreds of external vendors. These invoices come in numerous layouts, and entering details from these to the ERP is often a nightmare for companies. Some outsource the invoice data entry job to 3rd parties. Others utilize their own internal resources for the purpose. Either way, this is a time consuming ...
