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How to implement a future-ready e-procurement function

Spend Matters

Approval workflow bottlenecks: Manual approvals cause delays, increasing cycle times and reducing procurement efficiency. Lack of visibility into budgets and contracts: Without real-time tracking, procurement teams risk exceeding budget allocations and violating contract terms.

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

Spend Matters

The series follows the methodology described in our Aligning Finance and Procurement in-depth guide , which offers a practical, structured approach to enhancing cash flow visibility, optimizing payment timing, reducing working capital risk and improving liquidity outcomes through closer collaboration between finance and procurement.

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Budgeting Process: Steps and Best Practices for Planning a Budget

Planergy

How to gain visibility and control of your indirect spend. Using financial tools can help save time and resources while improving accuracy in the budgeting process. Whether you have a small business or a large corporation, the basic steps and best practices for managing budgets are the same.

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

Spend Matters

Without an integrated process, organizations experience: Long invoice processing times, leading to unpredictable cash outflows. Inadequate cash flow visibility Finance teams often lack real-time insight into procurement expenditures, supplier contracts and upcoming financial obligations, making it difficult to forecast cash flow accurately.

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Aligning Finance and Procurement for cash flow optimization and liquidity — Phase 1: Understanding the foundations

Spend Matters

Why alignment matters Strategic alignment between finance and procurement unlocks better financial visibility, stronger risk control and operational efficiency. Reduce payment processing delays through automated procure-to-pay (P2P) workflows. Enhance liquidity management by optimizing payment terms and supplier agreements.

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Best QuickBooks procurement software options

Procurement Express

From creating purchase orders to processing invoices and tracking expenses, these solutions give you better control over your budget and ultimately, boost your bottom line. Purchasing software eliminates these issues by automating approvals, enforcing budgets before purchases happen, and giving finance teams complete control over procurement.

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What is eProcurement?

ivalua

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. – Process efficiency with reduced cycle times and considerably decreased errors or fraud opportunities. – Results : 30% decrease of process time.