ivalua

AUGUST 6, 2025

For many enterprise teams, managing indirect spend feels like a reactive process that’s out of sync with business goals. While juggling decentralized requests, surprise renewals, and one-off contracts, enforcing policy and staying on budget is no easy feat. Let’s look at some of the most measurable benefits.

Real-time Visibility

Spend Matters

JUNE 16, 2025

This executive summary introduces a five-part series for finance, procurement and operational leaders who aim to bring greater control, transparency and predictive power to employee-driven expense management, particularly travel, reimbursement and card spend. This phase surfaces recurring disconnects across processes, policies and systems.

Real-time Visibility

Spend Matters

MARCH 25, 2025

Why stakeholder management matters in procurement digital transformation Stakeholder management is the foundation of any successful procurement digital transformation initiative. To understand why, lets look at the following parallel: Procurement professionals often discuss spend under management (SUM) as a key metric of success.

Stakeholder engagement

Spend Matters

MAY 1, 2025

Heres where e-procurement processes often break down: Fragmented catalog and supplier management: Inconsistent supplier onboarding and unstructured catalogs result in pricing discrepancies and procurement delays. When procurement lacks visibility into budget constraints or supplier performance, inefficiencies arise.

Real-time Visibility

Spend Matters

JUNE 30, 2025

We introduced this series on ‘ Improving Expense Management for Financial Forecasting and Control, ’ to help organizations rethink how finance and procurement can collaborate around employee-driven expenses, especially travel, reimbursements and card spend. Procurement has limited ability to monitor out-of-policy spend.

Real-time Visibility

Spend Matters

APRIL 29, 2025

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.

Real-time Visibility

ivalua

JULY 23, 2025

Built-in controls prevent over-ordering, and you can route POs based on value thresholds to keep teams aligned with budget control expectations. 7) E-contract management E-contract management enables you to store contract terms, SLAs, and expiration dates digitally, and monitor them within the system.

Real-time Visibility

Skill Dynamics

JANUARY 14, 2025

A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation. Category Management Category management refers to the focused management of individual aspects of your procurement process.

Procurement

Spend Matters

JANUARY 14, 2025

Ruth Orenstein , Senior Director of Product Management at global finance automation specialist, Tipalti, shares what their customers are looking for from their digital procurement investment. This metric has become increasingly important as organizations deal with complex subscription models and misaligned budgets and billing cycles.

Real-time Visibility

Spend Matters

JULY 21, 2025

This article covers phase 5 of our series: Improving expense management for financial forecasting and control – A Finance–Procurement alignment approach. In phase 5, we focus on sustaining expense management alignment with shared KPIs for financial control. But for expense management, success lies in how these perspectives converge.

Real-time Visibility

ivalua

JULY 21, 2025

By embracing these technological solutions, businesses can optimize their resource allocation, enhance supplier relationship management,gain AI-driven procurement insights through comprehensive analysis and control of spend, and ultimately deliver a framework of continuous procurement process improvement.

Real-time Visibility

ivalua

MAY 16, 2025

Rising software costs, lack of procurement oversight, compliance headaches, and clunky vendor management. All of these processes are critical components for managing procurement activities strategically. Modules can include e-sourcing, contract management, supplier management, procure-to-pay (P2P), and advanced spend analytics.

Real-time Visibility

ivalua

JUNE 12, 2025

Misaligned Goals Between Finance, Legal, and Procurement Finance, legal, and procurement often view spend data through different lenses – budget, compliance, or supplier value, for example. For example, a healthcare organization may use quarterly spend trend analysis to adjust purchasing volumes and avoid year-end budget overruns.

supply chain budgeting

TYA Suite

OCTOBER 27, 2024

Using a procurement management system is one practical strategy to strengthen these connections. This comprehensive guide explores what procurement management software is, its key features, its role in vendor relations, its integration with business processes, and the benefits it offers.

supply chain software solutions

Spend Matters

FEBRUARY 13, 2025

However, although Utz Brands enjoys a long and successful history, Ron understood that he had to be prudent and efficient with the dollars available to invest in technology because he did not have the budget that larger competitors have to spend. The Legal Department was a key champion as well. It has been a home run.

Influencing

Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain

Spend Matters

JULY 1, 2025

With limited time, bandwidth and budgets, SMBs struggle to compete against larger rivals that leverage economies of scale and cutting-edge technology. AI can even manage supplier onboarding, document organization and data entry to smooth workflows and reduce bottlenecks. The result? The result?

Procurement

Spend Matters

JUNE 24, 2025

It must enforce policy, respect budget and guide execution. Validate contracts, budgets and supplier eligibility before routing. Provide full context, including rejection history, supplier status and budget availability. A PO does not close the procurement loop, but confirmed, tracked and properly managed receiving does.

Procurement

ivalua

JULY 8, 2025

Supplier Management An effective Source-to-Pay process begins and ends with suppliers. That’s why managing supplier data, risk, and performance in one unified platform is essential. With a strong Supplier management solution, procurement teams gain a complete picture of supplier health and can act faster when issues arise.

Sourcing

ivalua

JULY 3, 2025

Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Indirect procurement supports organizational agility, requiring tailored controls and workflows to manage cross-functional spend. Find Out More What Is Procurement?

supply chain budgeting

Spend Matters

APRIL 30, 2025

The modern procurement leader must manage risk, drive ESG, deliver cost savings and enable innovation often without additional headcount or budget. Procurement teams are spread thin and have to manage everything from basic sourcing to board-level ESG compliance. This was the focus of a webinar that took place on March 26.

Suppliers

Supply Chain Game Changer

JULY 19, 2025

Effective lead time management is essential to avoid operational disruptions. It also requires adjusting supplier relationships to accommodate increased demand and managing a more complex inventory. Budget constraints are a constant challenge, yet maintaining high product quality is just as crucial. The solution?

Supply Chain Efficiency

ivalua

JUNE 5, 2025

Procurement and purchasing are often used interchangeably, but they serve distinct roles within any successful organization.While both involve acquiring goods and services, their workflows, objectives, and impact on enterprise risk management differ significantly. What is Procurement? What Does Procurement and Purchasing Mean for Enterprises?

Purchasing

Spend Matters

FEBRUARY 5, 2025

Change management isnt a sidekick in this story; its the star of the show. Driving change with effective change management strategies You dont need a digital strategy. George Westerman in MIT Sloan Management Review In order to succeed, proper planning is required. Lets explore these aspects.

Procurement

Spend Matters

MAY 19, 2025

Each function’s objectives often overlap, particularly in areas such as financial reporting, cost management, budgeting and data-driven decision making, so when procurement strategies align with finance-led initiatives, organizations gain greater financial visibility, improved efficiency and stronger risk control.

Collaboration

TYA Suite

NOVEMBER 15, 2024

This introduction to supplier risk management outlines the importance of effectively identifying and managing risks that may arise from suppliers. Supplier risk management is crucial for businesses, as it helps them mitigate potential challenges that can disrupt operations. This process is known as supplier risk management.

Risk management

Procurement Express

MARCH 9, 2025

If you’re managing inventory for your own business or juggling multiple ecommerce accounts, keeping track of purchase orders and stock levels shouldnt feel like a full-time job. It helps you manage inventory, track POs, pay bills, invoice clients, and more, all in one place. Thats where QuickBooks Online comes in. Lets dive in.

Purchasing

Supply Chain Game Changer

JUNE 10, 2025

In today’s tech-driven world, managing IT assets effectively is no longer a luxury—it’s a necessity. But who uses IT asset management (ITAM), and why does it play such a pivotal role across various industries? Understanding IT Asset Management (ITAM) What is ITAM?

Management

Spend Matters

MARCH 25, 2025

This includes cloud-based solutions for analytics, cybersecurity, artificial intelligence and IT management. Solution overview AWS Marketplace includes several procurement, cost management and governance features designed for enterprise adoption. Expanding security measures to enhance compliance management.

Procurement solutions

SCMDOJO

MARCH 24, 2025

A favorable variance indicates that the company is spending less than planned, whereas a positive outcome means the company is spending more than the planned budget. By using PPV, managers can identify inefficiencies in cost-saving strategies by detecting cost overruns and underruns, allowing them to take corrective actions.

Price

Procurement Software

JULY 6, 2025

Think of common indirect categories: IT infrastructure Facilities management Capex for machinery & equipment Property maintenance Fabricated spare parts Promotional goods All of these require skilled negotiation to avoid costs that would otherwise hit the company’s budget.

Procurement

Procurement Software

MARCH 16, 2025

Fewer Emails Procurement teams typically manage more suppliers than Sales teams do customers. Furthermore, Procure-to-Pay (P2P) , e-Sourcing and Supplier Relationship Management (SRM) apps often contain supplier portals. Three-way communication between Buyers, Stakeholders and Suppliers avoids the need for unnecessary emails.

Procurement

Spend Matters

APRIL 17, 2025

Also, not having a proper requirement management process negatively impacts a projects budget, schedule or quality. Making change management for requirement gap analysis impossible as a reference or baseline does not exist. The disconnect often occurs because of insufficient change management. It can even kill a project.

Change management

HICX

JUNE 9, 2025

What Is AI in Supplier Management? AI in supplier management is the use of artificial intelligence (AI) technologies to streamline and enhance various supplier-related processes. What is the use of AI in supply chain management? What is the role of AI in supplier relationship management?

Suppliers

Procurement Express

DECEMBER 24, 2024

And at the heart of this transformation is the purchase order management system. Without proper purchase controls, budgets spiral, supplier management suffers, and inventory levels become a guessing game. What is Purchase Order Management? How Does Purchase Order Management Work?

Purchase orders

Procurement Express

DECEMBER 24, 2024

Its the foundation for managing company spend, keeping cash flow in check, and making sure your team doesnt spend three days tracking down a single lost receipt. Purchasing is about getting the right stuff at the right time from the right suppliers for a fair price without blowing up your budget or your supplier relationships.

Purchasing

Spend Matters

JANUARY 7, 2025

As the scale of your spending grows, it becomes harder to manage without a dedicated procurement department or an updated process. This leads to redundant purchases, budget overruns and a lack of accountability. Are multiple departments paying for different versions of the same project management software?

Procurement