COVID-19 has brought many changes in the accounting field, and accountants prioritize spend management as they consider it crucial. In times of economic uncertainty, there are a lot of buzzwords like risk management, accounting process, workflow processes, and spend management. Why spend management is a key area of focus during recession times? Spend management is […]
Why is Spend Management Crucial during COVID-19 Pandemic? Read More »
Managing business spend is very important for organizations that mainly deal with purchasing and procurement. From selecting suppliers to set up contracts, businesses should have a holistic view of procurement enterprise-wide. Spend management goes beyond procurement requiring business units and finance departments to align around spend categories. Getting a comprehensive view on relevant processes across
Effective Spend Management Tips for Businesses Read More »
Although you have many tools and techniques in place to manage to spend, you’ll find it difficult to get accurate information about spending. An end-to-end approach is required to gain greater transparency and control over spending at a higher level. Spend management is a critical area that should be managed with utmost effort to drive
SutiSoft Spend Platform: Making Spend Management Simpler Read More »
Spending is an important business function that one should look after very carefully. In every business, spending involves various areas such as procurement, expenses, and inventory. Managing spend efficiently is very important as it will have a huge impact over the entire enterprise. Many times, these areas work inefficiently as these will be managed and
Managing Your Company’s Spend Culture the Better Way Read More »
