11 min read
Chief Procurement Officer (CPO) — Meaning and Their Role in Procurement
The chief procurement officer is absolutely vital for maintaining efficiency in an organization’s spending. Read about the CPO’s responsibilities, the role they play in procurement, and the ideal skill set for the job.
12 min read
7 Basic Types of Supply Chain Risks
Read about the main supply chain risks businesses face, their possible causes, and mitigation strategies.
3 min read
How Fintech Startup Tymit Increased Visibility and Significantly Shortened the Month-End Close
Learn how Tymit harnessed Precoro’s features to rule out typical startup challenges, improve visibility, and improve their AP process.
9 min read
How Does Purchase Order Financing Work?
Read about the purchase order financing process, its pros and cons, and how it can help a company land big orders to grow the business.
9 min read
5 Ways to Improve Finance Operations for SMBs
Small and midsize businesses are, while fragile, also in a perfect spot for growth. The durability and chances of success of an SMB often depends on the efficiency of its finance department, so let's talk about some of the strategies to improve finance operations for such companies.
12 min read
What Is Procurement? A Comprehensive Overview of Key Processes
Procurement plays a key role in business operations, from the simplest to the most complicated ones. Companies of all sizes and in all industries have to purchase things in order to function. Read how procurement ensures it’s done efficiently and why approaching it strategically is so important.
8 min read
Cost Centers: How to Understand and Optimize Them
Cost centers serve as critical components in any organization, offering a lens through which to analyze and manage expenses effectively. Read about the logic of cost centers and ways to manage them with maximum efficiency.
10 min read
Crafting a Procurement Management Plan to Mitigate the Impacts of Inflation
In the ever-evolving landscape of business, inflation is something every stakeholder should care about. Learn how a procurement management plan can improve a company’s durability and mitigate the effects of inflation.
