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Strengthening cash flow management and liquidity: A Finance–Procurement alignment approach — Executive Summary

Spend Matters

This article serves as the executive summary of a six-part series built for finance and procurement leaders aiming to strengthen their organizations cash flow management and liquidity position. Cash flow management is no longer an isolated finance function, it requires end-to-end coordination across teams and systems.

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The Benefits of Procure-to-Pay

ivalua

It is imperative that any organization has procedures and systems in place to minimize bureaucracy, error, risk and inefficiencies. The most obvious benefit is that a procure-to-pay process can bring light to inefficiencies and gives businesses the ability to proactively manage suppliers. Reduced errors, fraud and risk.

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Aligning Finance and Procurement for cash flow optimization and liquidity — Phase 2: Identifying misalignments

Spend Matters

When these priorities are not harmonized, misalignments emerge that can weaken cash flow management and working capital optimization. ” This impacts both cash management and financial reporting. Increased compliance risks, stemming from poor oversight of supplier agreements.

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Supplier Relationship Management Software — Everything You Should Know

Procurement Tactics

Supplier Relationship Management Software — Everything You Should Know. Supplier relationship management software is a very important factor for procurement managers to strengthen their relationship with their suppliers. However, what is this supplier relationship management software?

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Sustainability in Procurement: Strategies and Challenges

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Sustainable and socially responsible procurement practices that cover the full spectrum can provide end-to-end visibility that facilitates monitoring and compliance, and delivers continuous value to the business. Among these practices are supplier identification through sourcing, relationship management, and reporting.

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Inventory Management — Everything You Should Know

Procurement Tactics

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Management — Everything You Should Know Inventory management enables companies to ensure that they always have enough stock to fulfill customer orders. What is Inventory Management?

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AI in procurement: How different industries are harnessing its power

Spend Matters

Modern procurement needs have far surpassed transaction management; procurement is now a critical component in driving strategic value across businesses and AI has become a key tool in procurement teams back pockets. This means better compliance, fewer disruptions and greater efficiency in managing supplier relationships.