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Spend Management — The Ultimate Guide of 2023

Procurement Tactics

Spend Management — The Ultimate Guide of 2023. Spend management is an important process to reduce losses and mistakes. However, how do you manage your spending? In this article, we will discuss what spend management is. We will tell you the challenges and benefits of spending management.

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Aligning Finance and Procurement — Phase 3: A path to collaboration

Spend Matters

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.

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Aligning Finance and Procurement – Phase 4: Leveraging technology to bridge the Finance–Procurement gap

Spend Matters

Technology is a powerful enabler of finance-procurement collaboration, bridging gaps in spend visibility, cost control and data integration. Without the right tools, procurements contributions to financial strategy can remain disconnected from budgeting, forecasting and risk management.

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How Spend Management Software Simplifies Financial Oversight

TYA Suite

Spend management software offers companies the tools to streamline financial operations, monitor expenses, and maintain control over their budgets. From small enterprises to large corporations, businesses of all sizes can benefit from implementing a robust spend management tool.

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Aligning Finance and Procurement – Phase 5: Sustaining alignment success with shared KPIs

Spend Matters

While traditional KPIs often emphasize cost savings or budget control, aligned organizations take a more strategic approach, tracking performance indicators that reflect the joint impact of finance and procurement on business outcomes. Tracking performance over time is key to measuring the business value the collaboration is delivers.

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Ivalua Launches Pre-Packaged Spend Management Solutions for Construction & Engineering Companies

ivalua

Redwood City, CA September 2, 2020 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced the availability of a pre-packaged procurement suite for construction and engineering companies. Just in time work package procurement from sourcing to payment of contractors.

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Budgeting Process: Steps and Best Practices for Planning a Budget

Planergy

Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities.