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8 Procurement Software Best Practices For 2025

ivalua

Rising software costs, lack of procurement oversight, compliance headaches, and clunky vendor management. And, integrated dashboards give users visibility into status and spend at every step, helping teams stay aligned and accountable. Sound familiar? If you’ve been feeling the pressure, you’re not the only one.

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Direct vs Indirect Procurement: Key Differences, Challenges, and Opportunities

ivalua

There are different phases of procurement value creation that tie into the Source-to-Pay process: Identifying Value: Procurement teams leverage spend data and spend analysis to understand trends in spend management, identify opportunities and develop category management strategies.

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Q3 2024 Insider roundup: A deep dive into procurement tech market movements; updated coverage of 16 vendors

Spend Matters

Core NPI , a longstanding and market-leading IT spend optimization service provider, has begun augmenting its traditional SaaS sourcing service offerings (including consulting and managed services) with its new SaaS intelligence tool, NPI Vantage Pro , an IT Procurement Platform to solve the challenges involved in IT procurement.

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

ivalua

While the terms procurement and purchasing are often used interchangeably, they address different aspects of an organization’s spend management. Procurement is the strategic, big-picture approach to sourcing and supplier relationship management, while purchasing is the tactical execution of those plans.

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Best QuickBooks procurement software options

Procurement Express

Look for budgeting tools, real-time spend tracking, and approval workflows that keep purchases in check before they happen. Vendor management that keeps everything in one place. Tracking vendor details across spreadsheets and emails is a mess. Budget alerts and reporting tools make it easy to avoid surprises.

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Aligning Finance and Procurement – Phase 4: Leveraging technology to bridge the Finance–Procurement gap

Spend Matters

Automated spend management AI-powered spend analytics automatically reconcile procurement cost data with financial reports, reducing the risk of mismatched data and inaccurate financial forecasting. Fraxion Spend management platform offering expense management, focusing on quick deployment, low cost and fast ROI.

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Purchase Control Is A Nightmare To Solve – Here’s Why

Procurement Express

Purchase control should be easy One sure way to control purchases and help your company achieve sustainable growth through efficient spend management is by introducing Procurementexpress.com Purchase Control Software to your projects. You can implement vendor management so your team can’t use suppliers you don’t like.