XML stands for Extensible Markup Language. It is a generic term for a globally defined set of standards and rules that enable documents to be codified in a way that both humans and machines can read.
How do you avoid the corporate knowledge gap on your process and procedures?
Scanning invoices in an attempt to reduce procurement effort is like ordering a faster fax machine because your current model is too slow. Why not get rid of the fax machine?
I have had the pleasure of discussing the benefits and experiences of electronic procurement with many customers. Although there are numbers of KPIs that offer various insights I am still drawn to the power and simplicity of the approach of a CEO I met a few years ago.