Purchasing Process

For decades, corporate cards were the tool of choice for organizations to facilitate employee purchases. But as the world has evolved, the traditional corporate card account has become increasingly susceptible to fraud, misuse, and overspending. Fortunately, there are better options for organizations to administer spending for small purchases. Two popular options are purchasing cards (p-cards) […]

You already know benchmarking and price tracking are important activities for a successful procurement practice. The data these activities provide offers the best point of reference for understanding fair pricing on goods and services. But as pricing structures and market conditions change, how can you know if your procurement spend is consistent and on target? […]

You need a reliable Purchase order management system that ensures accuracy and quality.

Purchasing is a vital company function that administers the biggest cost in organizations: buying goods and services to drive the business forward.  Despite its outsized importance, many business owners don’t have a clear understanding of how to optimize the purchasing process, how each component of purchasing affects business outcomes, and why stronger purchase requisitions (and […]

Maverick spend can account for up to 80% of a company’s total spend. Discover how much maverick spend is actually costing your business and how to stop it.

The goal of a Finance team When it comes to the word "Finance", most people—and some companies, as well— get overwhelmed. They think of complicated spreadsheets, calculations, budgets, you name it. And, the truth of the matter is, that can certainly be the case.  But, for the sake of simplicity, let's break the role of […]