Spend Management
Learn how to develop a spend management strategy to lower procurement costs, improve efficiency, control spend, and gain better visibility.

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Spend Management
10 Top Spend Management Software Solutions for 2023
When it comes to managing company revenues, it’s not just about what you sell but what you save. Spend management is vital to making the most of every dollar — conserving capital to fund meaningful investments, drive growth, and improve cash position. Technology makes it easier than ever to accurately and automatically track business expenses, […]

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Finance
The Fundamentals of Working Capital Management
For most businesses, optimizing cash flow is a balancing act between maintaining short-term obligations and making wise use of available cash. Spend too much, and you may have trouble paying vendors, making payroll, keeping up fixed asset costs, or paying for outside services. Spend too little, and you risk stifling growth and creating friction in […]

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Finance
15 Things You Need to Know About Financial Reporting and How to Improve It
Financial performance reporting is how organizations demonstrate their financial activity and outcomes over a certain period. But accurately representing your performance in finance reports can seem daunting. Errors or omissions may paint an inaccurate picture of company performance, so getting it right every time is essential. How can organizations improve their financial reporting to reflect […]

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Spend Management
Understanding Spend Aggregation in Procurement
Streamlining the spend management process in your organization is one of the fastest ways to curb sprawling tail spend and gain more visibility into your finances. One highly effective way to streamline is by implementing spend aggregation into your practice. What is spend aggregation, and how can it benefit your organization? How can you successfully […]

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Spend Management
5 Steps to Strategic Spend Management
The secret to healthy business growth is keeping as much revenue in the bank as possible. That means keeping track of your spending down to the line item. It can be a huge task, even for smaller companies, but with the right tools and approach, it can be done. So, how do you begin to […]

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Finance
The Importance of Financial Forecasting and How to Start
One common pitfall for growing businesses is a lack of focus on financials. Marketing strategies and product development are undoubtedly exciting. Still, more often than not, it’s the diligent work of finance and accounting teams that keeps the business on track and moving full steam ahead. If you’ve gotten by so far without financial forecasting, […]