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

Spend Matters

This article covers phase 3 of our series: Improving expense management for financial forecasting and control – A Finance–Procurement alignment approach. Step 1: D efine the problem – Why misalignment matters in expense management When finance and procurement aren’t aligned, employee-driven expenses become a hidden risk.

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Procurement vs. Supply Chain Management: Differences, Challenges & Solutions

ivalua

Procurement and supply chain management are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.

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

Spend Matters

This article covers phase 4 of our series: Improving expense management for financial forecasting and control – A Finance–Procurement alignment approach. We then outlined in phase 3 ways to identify and address these gaps and structure a framework for cross-functional collaboration. luxury travel, alcohol).

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What Is E-Procurement? Understanding Modern Digital Procurement Systems

ivalua

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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The Evolution of Control Towers to Command Centers

Are fragmented control towers hindering your supply chain’s growth and response time? Attempting to manage disruptions through various departmental control towers with basic analytic overlays hinders agility and, ultimately, your resiliency.

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How to Build a Successful Procurement Strategy in 2025

ivalua

Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. You’ll learn how to review your current approach, pinpoint gaps, and start implementing improvements right away, focusing on automation, data visibility, and stakeholder alignment.

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8 Procurement Software Best Practices For 2025

ivalua

Rising software costs, lack of procurement oversight, compliance headaches, and clunky vendor management. In this post, we’ll break down proven strategies to help you streamline processes, improve visibility, and take back control of your procurement stack. Sound familiar? If you’ve been feeling the pressure, you’re not the only one.