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What is Procure-To-Pay and How Companies Are Automating It
Procurement 8 min read

What Is Procure-To-Pay and How Companies Are Automating It
A robust procure-to-pay process (P2P) is one of the most beneficial systems to speed progress while retaining visibility into spending.
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TK Procurement Trends
Procurement 7 min read

Procurement Trends to Watch in 2023
If you need a word to summarize the economic mood in 2023, “pensive” comes to mind. After the drastic market fluctuations of 2020 to 2022, we enter the new year with an over 60 percent likelihood of recession, according to leading economists.  Tech giants, previously full-steam-ahead on fast hiring and generous salaries, are now engaged […]
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Procurement 6 min read

20 Tips for Procurement Savings
As budgets tighten and companies streamline their spending, many businesses are looking for ways to save significantly on procurement costs.  What these companies may overlook, however, is that better procurement outcomes result from the combined impact of many small, systematic changes made over time. These changes directly impact the cost-effectiveness of indirect spend, which is […]
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Learn how a centralized P2P process increases operational efficiency and expedites company growth.

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Vendor Management 6 min read

Benefits to Supplier Information Management
In the face of supply chain disruptions and major shifts in economic conditions, many organizations are working with more vendors to establish supply chain resiliency and get products at the best possible price. As the number of vendors increases, so too does the complexity of management and the potential for issues. A single company may […]
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Direct vs Indirect Procurement Differences
Procurement 7 min read

Direct vs Indirect Procurement Differences
Tackling the opportunity cost of projects and maintaining cash efficiency is key to upholding profit margins. But sometimes, you can’t tie spending to projects or billable activities. This is called indirect spend, and it has just as significant an impact on your business.  To truly get the most opportunity out of every dollar, you need […]
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Addressable Spend: Your Guide to How To Optimize It
Procurement 6 min read

Addressable Spend: Your Guide to How To Optimize It
As a best practice, your procurement team should have a hand in sourcing and purchasing the supplies, services, and goods your company needs to thrive. A well-run procurement organization sets strong procurement policies, optimizes company spend, secures the supply chain, and ensures your spending initiatives yield the best results. They handle what is called “addressable” […]
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Applying Agile Procurement Principles for Increased Efficiency
Procurement 9 min read

Applying Agile Procurement Principles for Increased Efficiency
Successful procurement is about keeping pace with an ever-increasing cadence of purchases. Decisions must be made faster and with more confidence if companies expect to move with the market and respond to its shifting conditions. One practice that enables this speed is agile procurement.  Agile procurement eliminates many documentation-heavy, slow selection processes that drag down […]
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