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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. It begins once a supplier has been selected and pricing has been agreed upon.

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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. Reductions in operational overhead and improved supplier engagement. What is Total Economic Impact?

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Digital Procurement for Enterprises: Key Challenges and Critical Capabilities

ivalua

Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. Key Takeaways Legacy procurement processes limit scale, speed, and visibility, making it harder to manage risk, compliance, and costs.

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Procurement Technology: Enterprise Solutions Driving Efficiency and ROI

ivalua

Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. It forms the foundation of digital procurement, enabling better spend visibility, improved compliance, and faster, more efficient operations.

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8 Procurement Software Best Practices For 2025

ivalua

Many organizations are discovering that without clear procurement software best practices, costs spiral, risks multiply, and efficiency stalls. In this post, we’ll break down proven strategies to help you streamline processes, improve visibility, and take back control of your procurement stack.

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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. Spend is led away from preferred suppliers. Lots of new suppliers added on a regular basis. Supplier, contract, legal tax and policy compliance. Reduced errors, fraud and risk.

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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?