Remove Collaboration Remove Purchasing Remove Real-time Visibility
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Procurement vs Purchasing: Key Differences, Workflows, and Enterprise Risks

ivalua

Procurement and purchasing are often used interchangeably, but they serve distinct roles within any successful organization.While both involve acquiring goods and services, their workflows, objectives, and impact on enterprise risk management differ significantly. Procurement vs. Purchasing: What’s the Difference? What is Purchasing?

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8 Procurement Software Best Practices For 2025

ivalua

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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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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Procurement Technology: Enterprise Solutions Driving Efficiency and ROI

ivalua

Key Takeaways Procurement technology is evolving from basic digitization to a strategic enabler, helping enterprises automate processes, reduce risk, and improve supplier collaboration. It forms the foundation of digital procurement, enabling better spend visibility, improved compliance, and faster, more efficient operations.

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Digital Procurement for Enterprises: Key Challenges and Critical Capabilities

ivalua

Unfortunately, outdated tools and fragmented processes make it difficult to maintain visibility across the supply chain and adapt at the pace of business. Drawing on real-world use cases and proven frameworks, we highlight what separates high-performing teams from the rest, and how to build a foundation for smarter, more agile procurement.

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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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Understanding the Total Economic Impact™ (TEI) of Ivalua

ivalua

Procurement leaders have increasingly turned to Spend and Supplier Management platforms to improve decision-making, efficiency and collaboration. 393% ROI from process automation, better visibility, and replacing old systems. Business Impact : Automation of sourcing and contracting tasks, cutting cycle times by as much as 40%.