Blog: Spend Management Insights

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

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

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

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

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

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

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

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

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

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

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

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

For a Product Marketing Professional, receiving a final report from industry analysts is a pivotal milestone. It’s the moment where… Read More

Choosing the right procurement software is crucial for any business aiming to streamline its purchasing processes, control costs, reduce risk… Read More

As emerging technologies like AI continue to disrupt the way we work, collaborate, and lead, there is still one category… Read More

Change in the modern business landscape is happening at an unprecedented pace, transforming industries daily. Procurement, in particular, must adapt… Read More

For some time now, the backbone of Procurements digital transformation has largely meant digitizing and automating Source-to-Pay processes. This began… Read More

In an era where cyber threats and operational disruptions are increasingly common, the European Union has taken a significant step… Read More