Automation

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.

In the modern business environment, software is a driving force behind every aspect of success. Procurement is no different. Implementing next-generation software to automate the procurement process creates savings and scalability that dramatically enhance an organization’s financial strength.  Today we’ll discuss the benefits of procurement software and how it helps companies achieve more by answering:  […]

Getting a handle on procurement spending is a heavy lift. The competitive landscape is constantly changing, and the occurrence of third-party vendor risk is increasing. Getting the lowest price doesn’t always mean getting the best price—or the best experience.  How do you ensure you get the goods your business needs at the right price without […]

Whether small businesses or global giants, all companies must follow the same basic accounting principles — the Generally Accepted Accounting Principles (GAAP) standard in the US or International Financial Reporting Standards (IFRS) abroad. Accounting according to these principles helps companies dutifully manage  their cash flow to maintain stability and give employees confidence in the future […]

Picture your accounting department at the end of every month — is it calm or chaotic? If your staff is scrambling and cash reconciliation is always a nail-biter, your AP workflow may be broken. Accounts payable automation is the best way to avoid month-end madness and bring visibility and efficiency to accounting processes. Automated AP […]

Procurement seems pretty straightforward: A company needs something, and the procurement department figures out where and how to buy it. The difference between surviving and thriving as a company, however, is in how strategic and intelligent your procurement process is. Intelligent procurement, or the strategic process by which companies manage their vendor-related spend, is key […]