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Aligning Finance and Procurement to improve expense management for financial forecasting and control — Phase 2: Identifying misalignments and addressing the gaps

Spend Matters

These gaps are not always visible, but they compound over time, distorting budgets, delaying insights and eroding trust in the data. Finance may lack visibility into pending approvals, and procurement may lack insight into policy exceptions and budget impacts. Neither team owns the end-to-end view of expense impact.

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ERP Procurement: Unify Procurement Workflows Across Multiple ERPs

ivalua

If your procurement team is juggling multiple ERP systems, you’re likely spending more time chasing data than driving strategy. Disconnected supplier records, inconsistent processes, and limited visibility can impair efficiency and open the door to shadow spend. Take supplier collaboration.

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Procurement vs Purchasing: Key Differences, Workflows, and Enterprise Risks

ivalua

In this article, we break down the differences between procurement and purchasing, explain why the distinction matters, and explore how technology can align both functions to drive efficiency, compliance, and long-term value. Technology unifies procurement and purchasing, improving visibility, compliance, and workflow automation.

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Strengthening cash flow management and liquidity: A Finance–Procurement alignment approach — Executive Summary

Spend Matters

This article serves as the executive summary of a six-part series built for finance and procurement leaders aiming to strengthen their organizations cash flow management and liquidity position. Cash flow management is no longer an isolated finance function, it requires end-to-end coordination across teams and systems.

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AI in procurement: How different industries are harnessing its power

Spend Matters

In this article we will highlight some of the key changes AI has made to procurement strategies in the following industries: manufacturing and industrials, life sciences and healthcare, and the public sector. Thats where AI steps in, offering a proactive approach to predicting supplier lead times and optimizing demand forecasts for buyers.

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The Role of AI in Sourcing and Procurement: Benefits, Use Cases, and Roadmap

ivalua

In this article, we explain how AI can transform sourcing and procurement processes and explore the radical benefits companies are already beginning to realize. Learn about Ivalua’s AI-powered virtual assistant and how it can help you save time, reduce risk and improve decision-making across the source-to-pay lifecycle.

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Aligning Finance and Procurement for cash flow optimization and liquidity — Phase 2: Identifying misalignments

Spend Matters

As noted in this article Identifying Misalignments Addressing the Gaps , “Disconnected workflows result in delayed approvals for supplier contracts and payments.” Without an integrated process, organizations experience: Long invoice processing times, leading to unpredictable cash outflows.