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Q4 2023 Insider roundup: A deep dive into procurement tech market movements; updated coverage of 15 vendors

Spend Matters

Its approach uses an all-in-one spend platform that combines expense management, corporate cards, travel and business accounts. Supplier risk management Exiger offers a comprehensive risk assessment product that encompasses various risk dimensions with a high degree of granularity and depth to reduce risks in supply chains.

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Smarter Insights, More Innovative Solutions: Why Procurement Needs a Seat at the Strategy Table

Pipefy

To do this, procurement teams require visibility into their data, control over their processes, and a seat at the business strategy table. By working with procurement, connecting disparate systems, implementing fraud controls for these specific areas, tracking end-to-end vulnerabilities across financial and operational processes is possible.

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What Does Finance Think of Procurement?

Arkestro

On the one side, finance is concerned with keeping the company budget in the black. On the other side, procurement is concerned with keeping company operations running smoothly and judicially making the most of budgets. Ultimately, both want the same goal — ensuring business outcomes are positive, timely, and on-budget.

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How The Best Procurement Tech Improves User Experience

Procurement Software

He / she then either prepares a business case or confirms that they have the available budget to do so. For a procurement system to be successful, it needs to allow your stakeholders or end users (the engineer in this example) to focus on their job. This is done by giving them an easy end-to-end buying experience.

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10 Digital Procurement Transformation Mistakes to Avoid

Procurement Software

Plus, we can also perform the entire end-to-end research, due diligence and hold your hand during the sourcing process for your procurement software. Setting up the digital team to fail (lack of resources) You’ve got the budget from your CFO. Don’t spend your budget on consultants to implement complex software.

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11 Best Procure-to-Pay Software for the Mid Market

Procurement Software

It may feel like P2P suites are the sole preserve of large enterprises with huge budgets. It offers the full range of functions you need from an end-to-end platform: Strategic Sourcing Contract Management Procurement Accounts Payable automation Payments and Supplie Management Actionable Data Insights.

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The Month-End Close Process: Everything You Need to Know

Procurify

Symphony is a cloud-based collaboration platform that prides itself on end-to-end encryption. For instance, if closing AR took three days in the office, budget for additional time in a remote environment. A few solutions we recommend: Digital project management tools. The best part? Accountable. Legal documentation.