Category: Spend Management
Today, most businesses have started to leverage procurement software to improve productivity, minimize costs, and drive growth. More businesses, especially smaller and mid-size companies, are considering switching to digital …
In this digital age, everything is automated. From booking a cab to ordering pizza, most of our day-to-day activities can be accomplished by using a smartphone with just a …
Businesses have been investing in procurement technology for a long time in order to create a holistic and strategic approach to the purchasing process. They have turned to eProcurement …
It’s a known fact that running a business is expensive. Various costs go beyond operational expenses such as business travel, meals for clients, and transportation can add up at …
Did you ever wonder why innovative and forward-thinking companies would not select robust accounts payable solution? It seems that there are a few serious misapprehensions around the notion of …
A perfect set of procurement best practices helps to minimize material and labor expenses in order to increase the well-being of a business. Hence, organizations must keep the best …
Tracking expenses on the paper receipts is quite daunting for the managers as well as employees. More than 60 percent of workers merely attach all receipts to expense claims …
Direct and indirect procurement are both crucial in business growth. Though they are different functions that require unique approaches and systems, understanding the similarities and differences between the two …
Managing accounts payable process requires you to understand the end-to-end process clearly. Every AP process includes four steps – invoice capture, invoice approval, payment authorization, and execution. Manually managing …
Your organization’s buying ability majorly depends on the efficiency of your procurement solution. When the software is working well, buying goes quite smoothly. With an ineffective solution, it will …
