Spend Management

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 […]

A robust procure-to-pay process (P2P) is one of the most beneficial systems to speed progress while retaining visibility into spending.

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, […]

Imagine walking into the office on a Monday morning, and your desk is buried in invoices. You spend the next week manually uploading each one. You barely have time for a coffee break because the piles never actually go away. You keep at it because that’s your job, and that’s how your company manages invoices. […]

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