12 min read
What Is PPV? Purchase Price Variance Explained
What if we told you that you can drastically improve overall business profitability by looking at one specific procurement metric? Let’s take a look at purchase price variance.
14 min read
Understanding Procurement Contracts
No matter how great your procurement process is, bad purchasing contracts can leave you stuck in the mud. Learn how to tread smoothly when it comes to procurement contracts.
14 min read
Expense Reports: A Comprehensive Guide
Sometimes, things just have to be paid here and now, so employees reach into their pockets to cover the work-related expenses with their own money. And that's okay, as long as the company reimburses that cost. For this to happen, expense reports must come into play.
25 min read
The Definitive Guide to Cost Savings
The COVID-19 pandemic and then the full-scale Russian invasion of Ukraine have proved that, at any moment, seemingly perfect plans and financial projections can suddenly become unrealistic.
10 min read
How Remilk, a Biotech Startup, Achieved Full Budget Control from Day 1
Remilk was a brand new company without a structured procurement process in place. By implementing software as soon as they started scaling, they automated their workflows and ensured full control of spending. Read more about their journey with procurement software below.
9 min read
Open Invoice: Everything You Need to Know
As a business owner, an accountant, an employee of the finance department, or even a salesperson negotiating the contracts, you will eventually come across the term “open invoice.” This is true whether you are part of the buying company or the vendor.
10 min read
Top 5 KPIs for Purchasing Managers
Purchasing manager job responsibilities can vary greatly depending on the company. With some simple metrics, you can assess how well they are managing purchasing processes.
12 min read
Month-End Close Tips and Checklist: For Newbies to Experienced Closers
Would you say that your company did better last month than the one before? Do you have a plan for improving next month? To understand if they’re making progress with long-term goals, finance teams undergo regular month-end closes.
