Spend Management

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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.
5 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, […]
6 min read
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Blog Accounts Payable

How Poor Invoice Management Stunts Growth And How To Fix It

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. […]
9 min read
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Blog Purchasing Process

4 grueling tasks your Finance team can automate

The goal of a Finance team When it comes to the word "Finance", most people—and some companies, as well— get overwhelmed. They think of complicated spreadsheets, calculations, budgets, you name it. And, the truth of the matter is, that can certainly be the case.  But, for the sake of simplicity, let's break the role of […]
7 min read
3 Growing Pains Most Cannabis Companies Face, and How to Overcome Them
Blog Purchasing Process

3 Growing Pains Most Cannabis Companies Face, and How to Overcome Them

There’s a lot of growing going on in the cannabis industry—and it’s not just the plants.
5 min read
Procurement Strategy vs Purchasing Strategy: Which is Better
Blog Procurement

Procurement Strategy vs Purchasing Strategy: Which is Better

Although “purchasing” and “procurement” are used interchangeably in organizations and online resources, these two terms have different meanings. More importantly, the two concepts call for individual approaches. Knowing their differences may mean the difference between saving a few dollars this quarter and building a truly resilient strategy long-term.  What are the differences between purchasing and […]
6 min read