Spend Matters

JANUARY 7, 2025

But cutting back on these costs never feels quite as urgent as purchases tied directly to revenue. Employees are bypassing approvals Rogue spending occurs when employees make purchases without following established approval chains or proper authorization. This leads to redundant purchases, budget overruns and a lack of accountability.

Procurement 119

Procurement Purchasing Vendor relationships Suppliers 119

Planergy

SEPTEMBER 5, 2023

Download Free Copy Budgeting Process: Steps and Best Practices for Planning a Budget Written by Keith Murphy 18 min read Best Practices & Tips Budget Management Process & Procedures Download PDF KEY TAKEAWAYS Budgeting is crucial to ensure your business has enough money to remain operational and earn profit.

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

Fraxion

OCTOBER 30, 2024

In many organizations, purchasing goods and services can be a tangled web of emails, paper forms, spreadsheets, and approval bottlenecks. These manual processes are not only time-consuming but can also lead to lost requisitions, budget overruns, and lack of visibility into spending.

Purchasing 49

Purchasing Budget Risk Management 49

Procurement Tactics

JUNE 7, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Purchase Price Variance — Everything You Should Know Purchase price variance is an important factor for budget preparation, but why? Price Purchase Variance: What is it?

Price 130

Price Purchasing Raw materials Negotiation 130

Procurement Tactics

JUNE 8, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Purchase Order vs Invoice — 7 Key Differences Purchase orders and invoices may be hard to differentiate, especially if you are new in the procurement industry. What is a Purchase Order?

Purchase orders 130

Purchase orders Purchasing Buyers Quantity 130

TYA Suite

APRIL 13, 2025

Every business, big or small, relies on purchasing goods and services to keep operations running smoothly. But without a clear system to manage these purchases, things can quickly spiral into A mess delays, overspending, or even errors. What is a Purchase Order Approval Workflow? Butwhoactually approves purchase orders?

Purchase orders 40

Purchase orders Purchasing Real-time Visibility Budget 40

Procurement Templates

NOVEMBER 21, 2024

Master Budgeting: Practice building and managing procurement budgets aligned with organizational goals. Analyze Total Cost of Ownership (TCO): Incorporate factors like lifecycle costs, maintenance, and disposal into purchasing decisions. SAP, Oracle) Procurement software (e.g., Coupa, Ariba) Data analytics tools (e.g.,

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain supply chain budgeting Supply Chain Optimization supply chain software solutions 130

TYA Suite

MAY 3, 2025

Ever confused purchase orders with sales orders? In any business, whether you're buying goods or selling them, it's essential to understand how purchase orders (POs) and sales orders (SOs) work. For example, if a purchase order isnt processed correctly, it could throw off your inventory, leading to stock shortages or overstock.

Purchase orders 40

Purchase orders Purchasing Buyers Quantity 40

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. Think about all the users (requisitioners, approvers) of a P2P process and the amount of time they spend purchasing if the process is inefficient. A typical example is purchase order (PO) updates.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

TYA Suite

MAY 3, 2025

Back then, businesses relied on paper purchase ordersphysical forms filled out by hand, signed, mailed, or faxed to suppliers. Today, digital purchase order are part of a larger trend toward automation, integrating with accounting software, inventory systems, and analytics tools to create smarter, more efficient supply chains.

Purchase orders 40

Purchase orders Purchasing Supply Chain Efficiency supply chain budgeting 40

TYA Suite

APRIL 13, 2025

When your business is small, using spreadsheets or sticky notes to track purchases might seem easy. Without a proper system, it becomes harder to track budgets, follow company rules, and manage suppliers. It saves time, reduces mistakes, and gives you a clear view of all purchases, helping you make better decisions.

Purchasing 40

Purchasing supply chain budgeting Supply Chain Efficiency Real-time Visibility 40

Procurement Express

MAY 7, 2025

Choosing the right spend management software can drastically improve efficiency and control over budgets. Understanding the Purpose of Each Tool ProcurementExpress.com is purpose-built for managing purchases before they happen. For fractional CFOs and grant managers, managing spending effectively is a critical part of their role.

Purchase orders 52

Purchase orders Management Budget Spend management 52

Procurement Insights

MARCH 2, 2024

One of them was finding out what the three lowest priorities are on most IT budgets. One Final Question When it comes to IT spend, who is the primary holder of the budget? “The IT budget is typically overseen by the chief information officer (CIO) , the IT organization’s top executive. Can you guess what they are?

Budget 81

Budget Stakeholder engagement Project management Sourcing 81

Spend Matters

MARCH 25, 2025

Purchase order management, allowing users to assign, update and track POs for AWS Marketplace transactions. AWS Cost Explorer and Budgets, integrating AWS Marketplace expenditures into broader financial management tools. Flexible pricing models, including pay-as-you-go, subscription-based and custom enterprise agreements.

Procurement solutions 97

Procurement solutions Procurement Purchase orders Data 97

Procurement Express

MARCH 14, 2025

But keeping track of purchase orders, invoices, and spending can quickly become a headache, especially as your business grows. Instead, it integrates with third-party solutions that enhance your purchasing processes. In this post, we dive into the top purchasing software options. But heres the catch.

Real-time Visibility 52

Real-time Visibility Purchase orders Procurement Budget 52

Una

JANUARY 4, 2023

The Basics of Group Purchasing. Discover the basics of group purchasing and the benefits of working with a group purchasing organization to develop a comprehensive procurement strategy. The basics of group purchasing. Benefits of working with a group purchasing organization. By Mackenzie Oakley | January 5, 2023.

Purchasing 92

Purchasing supply chain budgeting Procurement strategies Contract 92

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 68

Collaboration Procurement Real-time Visibility Budget 68

Una

JULY 6, 2022

Benefits of a Group Purchasing Organization. A guide to exploring the benefits of working with a group purchasing organization to save money, time and effort. A group purchasing organization leverages the collective purchasing power of thousands of businesses to secure lower prices for their members. Savings and beyond.

Purchasing 92

Purchasing Category management Real-time Visibility Supply Chain Efficiency 92

Spend Matters

FEBRUARY 26, 2025

The lines between these two critical functions are often blurred, which could lead to potential misalignments in budget planning, compliance and operational goals. Intelligent Solicitation Builder: A guided automated tool that uses historical purchase data and business rules for solicitation creation.

Procurement 119

Procurement Bidding Contract management Data 119

Procurement Tactics

DECEMBER 6, 2022

It is a set of practices that ensures smart procurement decisions and efficient purchasing. Although spend management is commonly executed by procurement, it impacts many internal and external stakeholders of a company concerned with budgeting and planning the company’s future profitability. . Unclear purchasing policies.

Spend management 172

Spend management Management Real-time Visibility Budget 172

Spend Matters

OCTOBER 25, 2022

Categories: Procurement Strategy & Planning , Purchasing , Technology Tags: procurement strategy and planning , SaaS It’s time procurement caught up with the fourth industrial revolution. Kind of quaint, isn’t it?

Purchasing 98

Purchasing Procurement strategies Influencing Budget 98

Spend Matters

MAY 6, 2025

Streamlining purchasing processes to enhance efficiency and reduce administrative delays. By integrating procurement insights into budgeting, forecasting and financial reporting, organizations can: Improve cash flow predictability by incorporating real-time supplier cost data.

Supply Chain Optimization 80

Supply Chain Optimization Real-time Visibility Supply Chain Efficiency Procurement 80

Planergy

FEBRUARY 24, 2025

Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Procurement in education is far more than simple purchasing. These purchases directly impact student learning and institutional performance. Strategic Procurement Strategic procurement goes beyond transactional purchasing.

Procurement 52

Procurement Supply Chain Efficiency supply chain budgeting Budget 52

Procurement Express

APRIL 23, 2025

In this quick video, we break down how each platform fits into your financial workflow, what makes them different, and why using them together gives you complete control from purchase request to payment. Whether you’re managing budgets or processing invoices, this guide will help you streamline your entire spend lifecycle.

Budget 52

Budget Purchasing Management 52

Spend Matters

APRIL 24, 2025

Budgets are growing, but so is accountability The report clearly reflects the increasing trend that SaaS is not a fringe spend anymore. With cloud-based software now accounting for over 30% of total IT budgets , findings from our report echo the same trend. However, spending alone does not equal value. It gets worse.

Procurement team 75

Procurement team Contract Negotiation Budget 75

Spend Matters

MARCH 3, 2025

This analysis looks at Hivebuys procure-to-pay solution, its platform and application modules; it gives a competitive landscape assessment, a look at its future roadmap and offers user considerations and an analyst summary.

Budget 116

Budget Buyers Procurement solutions Procurement 116

Procurement Express

JANUARY 8, 2025

Real-time tracking highlights budget risks early. With a large team of producers managing multiple projects and suppliers, staying on top of finances is critical to their operations to ensure budgets are met and suppliers are paid accurately and on time. TL:DR Automated approvals make payments to vendors fast and easy.

Budget 52

Budget Purchase orders Suppliers Purchasing 52

Jaggaer

MARCH 20, 2025

Community colleges, public universities, and private institutions alike must navigate the potential for budget cuts, shifts in federal aid programs, and changing regulatory requirements. Budget Shortfalls First, the good news. These could be amended, scrapped or introduced by current and future administrations.

supply chain budgeting 52

supply chain budgeting Procurement Budget Supply Chain Efficiency 52

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. For the most part, this did not prove a problem.

Influencing 105

Influencing Procurement supply chain budgeting e2e 105

ivalua

SEPTEMBER 13, 2020

For organizations, this means employees can easily and quickly buy all the goods and services need from preferred contracts, ensures they stay within budget and work with required approvals. Buying at negotiated prices and within budget. Pain-Point: Purchasing compliance and collaboration. Reduced errors, fraud and risk.

e2e 204

e2e Procurement Budget Contract 204

Spend Matters

MARCH 25, 2025

However, the reality is that stakeholders, including budget owners, business units, etc., Procurement teams should also establish transparent governance structures that define decision-making authority, clarify procurements involvement in budgeting and supplier selection and outline compliance and performance tracking expectations.

Stakeholder engagement 96

Stakeholder engagement Management Procurement Influencing 96

ivalua

FEBRUARY 25, 2021

According to the panelists, there are some key features and functionality that make best-in-class supply chain solutions a better choice for healthcare organizations: Guided procure-to-pay compliance: The concept of compliant purchasing in healthcare encompases the front-end user experience. Efficient warehouse management.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Procurement Tactics

JUNE 28, 2023

Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in. Delivery and Logistics The status of goods and services purchased, such as their delivery timelines, transportation times, or receipt is monitored. The key elements are typically: 1.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

Planergy

FEBRUARY 24, 2025

Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Address challenges like tight budgets and high transaction volumes with smart planning and collaboration. Keeping AP organized makes budgeting easier and helps schools build good relationships with vendors by being reliable payers.

Management 52

Management Budget Negotiation Purchasing 52

Procurement Tactics

OCTOBER 18, 2022

Many companies benefit from the software as it offers improved visibility into the supply chain and enables cost traceability for enhanced budget management. . It integrates departmental information into a single software platform for you to manage procurement and purchasing tasks. .

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Procurement Tactics

JULY 2, 2023

A formal contract document that contains the detailed requirement for purchasing and obtaining goods and services, a job order is utilized with a view to ensuring that the desired goods or services are acquired in an orderly and efficient way. A clear budget 4. Creating a job order as well as purchase orders is one of them.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

ProcurePort

DECEMBER 7, 2023

Three-Way Matching Overview – Three-way matching involves comparing purchase orders, invoices, and receiving reports to ensure accuracy in quantities, prices, and terms. Challenges and Best Practices: – Challenges include […] The post What Is Three-Way Matching & Why Is It Important?

Import 130

Import Vendor relationships Purchase orders Quantity 130