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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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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. All of these processes are critical components for managing procurement activities strategically. Key Takeaways What is Procurement Software – and why is it important?

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Understanding the Total Economic Impact™ (TEI) of Ivalua

ivalua

393% ROI from process automation, better visibility, and replacing old systems. Reductions in procurement overhead, coupled with increased spend visibility, innovation opportunities, and streamlined supplier engagement. Business Impact : Automation of sourcing and contracting tasks, cutting cycle times by as much as 40%.

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Procurement vs Purchasing: Key Differences, Workflows, and Enterprise Risks

ivalua

Technology unifies procurement and purchasing, improving visibility, compliance, and workflow automation. Distinguishing the two helps enterprises optimize spend and strengthen supplier relationships. It’s a strategic function that covers both direct and indirect spend and emphasizes total value creation.

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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

Tracking performance over time is key to measuring the business value the collaboration is delivers. However, procurement plays a critical role in reflecting cost-saving initiatives, supplier contracts and spend management efforts in financial statements and budget planning.