Most companies, whatever the industry, have a vendor onboarding process. A new supplier gets added, bank details are taken, a purchase order goes out, and the relationship starts. One question is often skipped along the way. Is this vendor a Micro or Small Enterprise. The 45-day rule most companies never isolate The risk here is specific, and there is no room to negotiate it later. Under Section 15 of the MSMED Act, if a company buys from a Micro or Small Enterprise and does

An invoice arrives without a purchase order. Finance teams scramble to identify the requester. Procurement has no visibility into the purchase. Approval workflows begin after the spending decision has already been made. Across large enterprises, these seemingly small process failures can create significant administrative overhead and delay payment cycles. A new benchmark report from Coupa suggests many organizations may be focusing on the wrong point in the process. While pro