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What is a Purchase Requisition? Definition and Process

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A critical but often overlooked step in managing spend, enforcing policy, and gaining visibility across the procurement process, creating a purchase requisition is the first step in the process. Key Takeaways Purchase requisitions are essential for helping organizations align spend with budgets, policies, and strategic goals.

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Aligning Finance and Procurement to improve expense management for financial forecasting and control — Phase 4: Leveraging technology

Spend Matters

When applied thoughtfully, modern tools enable real-time control, streamline policy enforcement and embed financial accountability into everyday behavior. For employee expenses, where every individual can have a potential budget impact, this kind of proactive control is essential. But not all platforms are created equal.

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What Is E-Procurement? Understanding Modern Digital Procurement Systems

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If you’re beginning to explore e-procurement, you’ve probably been grappling with manual approvals that delay purchases and limited visibility into spend. Modern e-procurement platforms use automation and AI to streamline workflows, enforce policies, and improve spend visibility.

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Source-to-Pay Tools for Enterprise Procurement

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It requires you to juggle multiple priorities: unifying systems, improving visibility, reducing risk, and proving ROI across every stage of the procurement process. Cost savings and reduced maverick spend: By improving visibility and control, S2P tools help enforce purchasing policies and drive contract compliance.

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8 Procurement Software Best Practices For 2025

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In this post, we’ll break down proven strategies to help you streamline processes, improve visibility, and take back control of your procurement stack. Modern procurement automation software helps companies to streamline repetitive tasks, improve cross-team collaboration, and improve visibility across every stage of the buying cycle.

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Aligning Finance and Procurement to improve expense management for financial forecasting and control — Phase 3: Structuring the collaboration

Spend Matters

In earlier phases ( phase 1 and phase 2 ), we identified how expense management misalignments can erode budget accuracy, delay financial reporting, and leave policy enforcement lagging spending behavior. Approved spending does not show up in time for forecasting. Is pre-spend data being used for budget planning or re-forecasting?

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Procurement Systems Explained: Features, Benefits & How to Choose the Right One

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Key Takeaways Modern procurement systems streamline the entire Source-to-Pay lifecycle by integrating sourcing, contracting, purchasing, and supplier management into a single platform, enabling better visibility, compliance, and control across the enterprise. It does so by bringing structure, visibility, and Procure-to-Pay automation.