Procurement

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Blog Procurement

5 Procurement Processes Every Company Must Automate and How

Initially, inefficiencies in procurement are merely a nuisance. But gradually, these simple manual processes compound to consume time, productivity, and money. Faster than most organizations realize, the pace of growth outstrips the ability of the accounting and procurement teams to keep up. Automation is the best source of relief from these common business problems. Automation […]
7 min read
Tactical Sourcing vs. Strategic Sourcing in Procurement: What’s the Difference?
Blog Purchasing Process

Tactical Sourcing vs. Strategic Sourcing in Procurement: What’s the Difference?

Stakeholders need to move quickly to keep up with business demands. But how fast is too fast? When it comes to procurement, tactical sourcing offers speed—but it may leave more on the table than you realize. Today we examine the tactical approach to sourcing and explore whether the speed advantages of this transactional approach outweigh […]
8 min read
Improve Your Procurement Process By Following These Steps
Blog Procurement

Improve Your Procurement Process by Following These Steps

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 […]
8 min read
What Is Procurement? Types, Processes and Tech
Blog Procurement

What Is Procurement? Types, Processes and Tech

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 vary.  How do organizations define procurement? Is the definition of procurement important to company success?  We’ll help you gain […]
7 min read
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Blog Procurement

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.
8 min read
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Blog Procurement

5 Best-in-Class Procurement Software Solutions for 2022

Procurement is one of the biggest cost centers in an organization — representing as much as 30-50% of revenue — yet often, support for procurement practices falls behind the investment of other major functions. While many organizations wait until the last possible juncture to implement an automated procurement process, doing this can result in overspending, […]
7 min read