procure-to-pay

Scalable procurement is an important priority for small and mid-market businesses handling an increasing flow of purchases and vendor agreements. Software enables data centralization and automation that helps these businesses run smoothly, regardless of size.  The market has more software options than ever for managing procurement, and Procurify is a prominent brand within the space. […]

Indirect procurement spending has a sneaky way of sapping cash from even the most well-run businesses. That’s understandable since indirect spending isn’t tied to a specific client, product, or project, so it’s harder for procurement professionals to track. However, correctly managing indirect spend has significant benefits for all organizations — they just need the right […]

Managing buy and sell cycles is getting trickier as the economy continues to battle downward pressure. Interest rate hikes and the rising cost of finance make it more difficult for vendors to offer flexible terms. Formerly relaxed credit terms have tightened considerably, and buyers are feeling the effects of less repayment flexibility.  As conditions tighten, […]

Procurement management is a study in balance. Professionals and teams tasked with getting supplies in the door must navigate a complex set of priorities, including cost, availability, resilience, and total value.  To effectively perform in procurement, you must have the soft and hard skills necessary for achieving results in circumstances that can be complicated. But […]

A solid, repeatable procurement process is essential for optimal financial and operational function. The right approach speeds projects along and provides everyone with the tools they need while keeping budgets in check.  But what are the vital steps in a well-managed procurement process? How can you track the performance of your procurement practice to know […]

Every organization engages in some level of procurement strategy, whether using an ad hoc process or administering a large, well-documented procurement practice. While managing and tracking procurement spending may vary, how the process is defined shouldn’t.  But how do organizations define procurement? And is the definition of procurement important to company success?  To answer these […]