Blog: Spend Management Insights

Supplier networks are no longer just a way to manage transactions; in recent years, they’ve transformed into dynamic, strategic ecosystems…

Managing employee requests efficiently is a critical aspect of maintaining seamless operations within any organization. Yet, without the right tools,…

Implementing procurement technology to automate and enhance your S2P processes is a critical step in driving efficiency and value across…

Despite its seemingly low value, tail spend can be a significant source of inefficiency, leading to hidden costs and missed…

As the world watches political shifts unfold, potential changes in trade policy loom large for procurement and supply chain professionals….

A proactive approach to Supplier Risk Management is a critical facet of maintaining continuity and stability in supply chains, ensuring…

Purchase orders are essential in procurement and business operations, ensuring accuracy and accountability. They act as formal agreements between buyers…

What is Spend Management? A Comprehensive Guide Did you know that a staggering 20-30% of the “cost” of procurement stems…

According to The Hackett Group, procurement needs in companies across industries have increased 10.6%, indicating a growing productivity gap of…

E-invoicing, or electronic invoicing, is the digital exchange of invoice documents between a supplier and a buyer. Unlike traditional paper-based…

Procurement is essential for acquiring goods and services needed for business operations at the right time, the right price, and…

Best Practices for Securing Your Investment in Your External Workforce  In today’s fast-paced business environment, companies increasingly rely on an…

Over the years, globalization has dramatically increased the reliance of businesses on their suppliers, which presents both challenges and opportunities….

Vendor selection is a crucial component of procurement –serving as the foundation for engaging with dependable suppliers that can fulfill…

Sustainability as a business practice is no longer an optional add-on and sustainable procurement has become a critical component of…

Supplier onboarding is a critical component of procurement and supply chain management, setting the foundation for strong, productive partnerships. This…

In recent years, procurement processes have evolved significantly, particularly with the arrival of advanced technologies like Generative AI (GenAI). By…

Discussions regarding Generative AI typically focus on the Large Language Models (LLMs), or the use cases they are applied to….