ProcurePort

MARCH 24, 2022

Enterprise spend management is a set of processes meant to bring transparency and control over the manner in which people given the power to spend are doing so. In business spend management, it’s extremely important to […]. In business spend management, it’s extremely important to […].

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Spend Matters

MARCH 26, 2024

This content does not express the views or opinions of Spend Matters. In today’s dynamic business landscape, effective spend management is crucial for maintaining financial controls and achieving sustainable growth. Employees may struggle to perform simple tasks, leading to frustration and reduced adoption rates.

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Fraxion

APRIL 29, 2024

Cloud spend management: A guide to optimizing your costs Cloud computing has seen a significant surge in adoption across industries, driven by its intrinsic scalability, flexibility, and accessibility.

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Spend Matters

AUGUST 10, 2023

In today’s business landscape, effective digital procurement strategies are vital for organizations to optimize spend, enhance operational efficiency and address risk while maintaining an ideal user experience. One area of significant potential that is often overlooked is tail spend management.

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ProcurePort

SEPTEMBER 23, 2021

This process is time-consuming, inefficient, and doesn’t allow for a comprehensive, 360-degree view on spend management. The post Three Benefits of Moving Spend Management to the Cloud appeared first on ProcurePort Blog. How exactly would that work? What happens if a purchase order or invoice gets […].

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NLPA (Next Level Purchasing Association)

MARCH 16, 2023

Spend Management is a critical function within an organization, and it involves the strategic management of the company’s spending to reduce costs, improve efficiency, and enhance profitability. Spend Management is a crucial element in ensuring that we achieve our financial goals.

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ProcurePort

DECEMBER 7, 2021

The post How Sustainable Procurement Strategies Can Improve Spend Management appeared first on ProcurePort Blog. This implies that enterprises must deliver actionable results on issues surrounding environmental, social, and corporate governance on a day-to-day basis. Procurement is undoubtedly the […].

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Supply Chain Brain

AUGUST 7, 2023

Shippers can't afford to be lackadaisical in managing their parcel spend management, says Josh Dunham, chief executive officer of Reveel.

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ProcurePort

DECEMBER 1, 2020

The post Developing a Useful Tail End Spend Management Plan appeared first on ProcurePort Blog. As the transactional utility under which our economy operates, sustaining an income is a necessity for most of the world. However, when it comes to […].

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Planergy

MAY 25, 2023

How better management in AP can give you better flexibility for cash flow management. Proper spend management also includes tracking and controlling company-wide spending, including procurement costs. For mid-sized businesses spend management software that integrates with QuickBooks Online will be a better option.

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Una

OCTOBER 11, 2022

Amplify Your Business Spend Management Strategies with a GPO. Any business, regardless of size, can take advantage of the “strength in numbers” concept and access pre-negotiated contracts with some of the nation’s top suppliers and vendors , saving big on their portion of spend. Better business spend management awaits.

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ProcurePort

JANUARY 7, 2020

Tail-end spends usually cumulates through low-value transactions companies engage in with their suppliers, though they do not occur frequently. The post Paying Attention to Tail-End Spend Management appeared first on ProcurePort Blog. They are usually unmanaged because they involve […].

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ProcurePort

JUNE 17, 2020

Father of Modern Management, Peter Drucker once said, “You can’t manage what you don’t measure.” Tail spend as we know is spend that is not actively managed and may lead to all sorts of financial difficulties for procurement […].

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Spend Matters

MAY 8, 2023

Categories: Conferences , Spend Management Tags: PRO The question of how to manage direct materials can yield polarized answers and requires deeper evaluation than simply evaluating a few narrow use cases. The specific processes and needs involved may include upstream (i.e.,

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ProcurePort

JUNE 3, 2021

Procurement revolves almost entirely around spending as a business activity. The post Spend Management – What is it and how is it Changing in 2021? Therefore, as such an integral aspect to such a vital system of organization-wide processes, it goes to reason […]. appeared first on ProcurePort Blog.

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Una

AUGUST 24, 2022

Episode 79: User-Centric MRO Spend Management with Mike Franz. The post Episode 79: User-Centric MRO Spend Management with Mike Franz appeared first on Una. By Kelly Barner | August 24, 2022. Schedule a meeting here. By submitting this information you are agreeing to our terms of participation.

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Procurement Insights

SEPTEMBER 23, 2023

Originally Posted on August 4, 2009 “Progressive business intelligence in key areas such as Spend Management should not only tell you where you have been but also where you are or where you should be going on an adaptive basis. ” The above is an excerpt from my 4-part seminar series, The Changing Face of Procurement.

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Fraxion

MAY 31, 2022

One thing is clear: no matter the size of your business, you need to manage the daily expenses your business incurs to operate effectively. Fortunately, business spend management solutions can help you do this.

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ProcurePort

JULY 19, 2019

Despite the antiquated ways of the past, Digitalist Magazine reports procurement executives are overly hesitant when it comes to embracing new technologies such as spend management software. The post How Spend Management is Going High-Tech appeared first on ProcurePort Blog.

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Supply Chain Dive

APRIL 29, 2024

Siloed management systems foster inefficiency and profit loss. Embedded finance offers an integrated solution, paving the way for enhanced profitability.

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Spend Matters

JANUARY 8, 2024

To potential buyers — Billhop aims to improve operational efficiencies and reduce costs by managing tail spend and accessing supplier discounts, higher rebate structures and cash-backs on credit cards. This content is for members only. Visit the site and log in/register to read.

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ProcurePort

AUGUST 7, 2019

That’s where spend […]. The post 6 Ways that Spend Management Software Improves the Process appeared first on ProcurePort Blog. In the modern age of globalization though, efficiency is the number one priority. If an organization wants to remain competitive, it needs to digitize.

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Art of Procurement

JULY 11, 2023

The post Surviving Economic Challenges: Procurement’s Role in Strategic Spend Management appeared first on Art of Procurement. There’s a savings pendulum that swings, and it tends to swing one way or another. During COVID, a lot of.

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Barkers Procurement

MAY 25, 2023

Discover the key strategies and best practices for effective tail spend management. What is Tail Spend Management? Tail Spend is often regarded as the problem child of an organisation’s spend profile. We recognise that one size does not fit all and this is certainly relevant in Tail Spend management.

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Art of Procurement

FEBRUARY 19, 2023

The post [Pod] Direct Spend Management and the Ultimate Darwinian Sport w/ Keith Hartley appeared first on Art of Procurement. “If a company cannot purchase enough materials or parts to make a product, they can’t generate revenue.

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Procurify

JULY 21, 2022

Why companies should invest in spend management during a recession. Extending runway, aggressively monitoring costs, and locking down spend are the easiest and quickest ways for organizations to adjust to unexpected downturns. These actions fall into an emerging framework known as spend management.

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Spend Matters

JULY 17, 2022

To conclude the series, today we look at a novel approach to spend management that can "close the loop" between procurement and supply chain management and other key business functions to help organizations be more proactive in their quest for a more sustainable and responsible business.

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Fraxion

MARCH 22, 2022

A focus on the priorities within the industry, and how spend management solutions for property management can fulfill requirements to attain success in the market. Property management is one of several industries that has had to adjust rapidly to economic difficulties over the last two years.

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Fraxion

NOVEMBER 2, 2022

We’re excited to announce that Fraxion has been recognized as a FrontRunner in the spend management software category on Software Advice, a Gartner Digital Markets platform.

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Supply Chain Brain

SEPTEMBER 6, 2023

In this discussion, we'll share what the best shippers are doing to actively manage their shipping through Planning, Measuring, Optimizing and Monitoring their costs.

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Spend Matters

JULY 25, 2022

Categories: Procurement Strategy & Planning , Procurement Systems & Architecture , Solution Providers , Source to Pay , Spend Management , Supply Management , Technology Tags: PRO I attended Coupa’s annual Inspire conference this year and was excited to finally attend a large event rather than just small meetings with clients and colleagues.

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Fraxion

JULY 11, 2023

We are delighted to announce that Fraxion has been recognized in the Capterra Shortlist for Spend Management software 2023. This acknowledgment is due to the ratings and reviews submitted by our valued customers and the unwavering dedication of our team in developing, deploying, and supporting Fraxion.

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Spend Matters

SEPTEMBER 26, 2022

Categories: Analysis , Procurement Systems & Architecture , Spend Management , Supply Chain , Supply Chain Management , Trade Financing Tags: PRO This Spend Matters PRO Vendor Analysis gives an overview of Trax, a Transportation Spend Management (TSM) solution.

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Spend Matters

AUGUST 9, 2022

Categories: Analytics , Procurement Strategy & Planning , Sourcing , Spend Management , Sponsored Article , Tail Spend Tags: Sponsored Article In today’s private equity (PE) environment, fund count has fallen precipitously relative to 2021, when deal flow was at a record-breaking high. million loss in Q2 2022.

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