Vendor Management

Procurement Analysis: 7 Ways to Save on Purchasing Costs
Blog Procurement

Procurement Analysis: 7 Ways to Save on Purchasing Costs

In order to launch successful procurement initiatives, stabilize cash flow, and create savings, procurement organizations need to understand every facet of the P2P cycle from sourcing to settlement. Top procurement leaders use procurement analysis as part of a comprehensive strategy. It helps answer questions in a streamlined and automated way, which leads to better management […]
7 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. […]
10 min read
3 tips from fitness giants on growing your fitness company
Blog Purchasing Process

3 Tips From Fitness Giants on Growing Your Fitness Company

If you want to grow your fitness company, you need to have a budget; in order to budget, you need to know what you’re spending.
6 min read
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Blog Accounts Payable

What Is Trade Accounts Payable, and Why Is It Critical for Managing Vendor Relations?

Ask any modern business decision-makers about the essence of trade accounts payable, and you'll soon realize that it's one of the greatest tasks they face. After all, businesses must pay their debts, and they cannot afford to get this wrong. Managing invoices accurately and promptly is almost an art, and it’s the key to maintaining […]
7 min read
What is the P2P Cycle? And Best-Practices for Businesses.
Blog Procurement

What Is the P2P Cycle? And Best-Practices for Businesses.

Procure-to-pay (P2P) is the process an organization uses to source, negotiate, purchase and pay for goods and services. A powerful, effective procure-to-pay (P2P) cycle is critical for your business.  As Forbes Councils Member Peter Nesbitt notes, the way companies spend money has changed dramatically over the past several years. Businesses no longer rely on a […]
7 min read
Why Your Procure-to-Pay Solution Is Failing (& How to Fix The Problem)
Blog Procurement

Why Your Procure-to-Pay Solution Is Failing (& How to Fix the Problem)

Are you paying six figures for your procurement solution system and still using emails and spreadsheets to conduct purchases? You’re not alone. Many businesses invest in a procure-to-pay solution, only to be disappointed when procurement inefficiencies like high spend and time delays remain unresolved. Failure to automate and streamline purchase and supply chain systems affects […]
9 min read