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

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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? See a Demo.

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8 Procurement Software Best Practices For 2025

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

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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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Digital Procurement for Enterprises: Key Challenges and Critical Capabilities

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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

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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than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems.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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Understanding the Total Economic Impact™ (TEI) of Ivalua

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Key Takeaways Total Economic Impact (TEI) is a Forrester framework to evaluate the costs, benefits, and risks of specific technology investments based on actual results delivered across a vendor’s customers. 393% ROI from process automation, better visibility, and replacing old systems. Payback in under 6 months.

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Procurement transformation 2025: Why invest in procuretech and how to make the case – Tipalti

Spend Matters

In addition, our customers track the percentage of purchase orders backed by approved spend. Approval lead time is another important metric. Companies currently relying on manual processes tend to place higher value on risk-reduction metrics, as they often deal with compliance gaps and control issues.