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Spend Management

business analytics reports

Analytics to Make Key Business Decisions in Travel and Expense Reporting

Expense Management, Spend Management /

When it comes to travel and expense reporting costs, you need visibility into data to spot trends and take appropriate actions. Analyzing vast and complex data without proper reports and analytics can prevent you from leveraging potential benefits. Reports can help you understand the correct data by allowing you to review and analyze without going […]

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procurement software

AI in Procurement: Measuring the KPIs

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 procurement solutions. The procurement department views themselves playing a key role in establishing the company’s financial stability while maintaining strong relationships with suppliers. Implementing Procurement software

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Why it is Time to Upgrade Your Expense Policy

Travel and Expense Reporting – SutiExpense Offers the Best Ways

Expense Management, Spend Management /

In this digital age, from booking a cab to ordering pizza everything is automated. Most of our day-to-day activities can be accomplished using a smartphone. So, why you are still spending hours collecting receipts during business trip – and then you wait for weeks, or sometimes months after submitting expenses to actually be reimbursed? Manual

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Signs That Show You Should Automate Procurement of Goods

Spend Management /

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 to minimize maverick spend, minimize expenses, human errors, and enhance supply chain compliance as well as spend visibility. Today, the procurement of services has been rarely

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Expense Reimbursement Policy

How can Expense Reimbursement Policy Reduce Out-of-policy Spending?

Expense Management, Spend Management /

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 the end. A good expense reimbursement policy should be in place to track these costs. Necessary components of an expense reimbursement policy Knowing what to mention

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accounts payable software

Key Accounts Payable Automation Myths to Avoid

Spend Management /

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 automation. Such inappropriate and unfortunate AP automation myths have a negative impact on the management, and they avoid automation solutions and their immediate advantages. Here we

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procurement software

The Key Differences between Direct and Indirect Procurement

Featured, Spend Management /

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 will eventually help you plan for a successful supply chain and spend management policies. Direct procurement involves the purchasing of goods, materials, and services directly associated

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accounts payable software

Mastering the End-to-End AP Process with Automation

Spend Management /

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 these steps would result in errors, limits visibility into invoice payments, and gives you no visibility into cash-flow. Key Takeaways How Manual Processes Limit Visibility Understanding

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