Procurement Basics

invoice fraud defintion

14 min read

Invoice Fraud: What It Is, Ways to Spot It, and Steps to Stop It

Learn about invoice fraud, identify its red flags, and prevent costly scams with our guide.

Anastasiia Svyr
Anastasiia Svyr
Procurement Basics
sales order vs purchase order what the difference

11 min read

Sales Order vs. Purchase Order: A Beginner's Guide

Think back to the last time your business hit a procurement roadblock. Perhaps it was a mixed-up purchase order or an inaccurate sales order—pricey yet worthwhile lessons. In this guide, we walk you through basic procurement concepts (e.g., what a sales order is vs. a purchase order and

Anastasiia Svyr
Anastasiia Svyr
Procurement Basics
cost control

17 min read

Cost Control: A Key to Sustainable Budgeting

Explore the importance of cost control in your business. Learn practical strategies to manage your expenses and invest in lasting growth.

Svitlana Mysak
Svitlana Mysak
Procurement Basics
cost reduction in procurement

19 min read

Procurement Cost Reduction: How to Cut Costs Without Cutting Corners

Succeed in procurement cost reduction and don’t sacrifice the quality of your products or services. Discover strategies that actually work.

Marta Holyk
Marta Holyk
Procurement Basics
rfi definition

14 min read

What is an RFI? Templates and Tips on How to Write Effective RFIs

Learn the meaning of an RFI with easy-to-follow examples, templates, and use cases. Get pro tips to write impactful RFIs for smarter bid decisions.

Anastasiia Svyr
Anastasiia Svyr
Procurement Basics
accounts receivable vs accounts payable

17 min read

The Role of Accounts Receivable vs. Accounts Payable

How well you manage accounts receivable vs. accounts payable can make or break your company’s cash flow and long-term financial health.

Marta Holyk
Marta Holyk
Procurement Basics
maverick spend

17 min read

Maverick Spend: Causes, Risks & Mitigation Strategies

Learn what maverick spend is, why it happens, and how to combat it with effective procurement strategies.

Svitlana Mysak
Svitlana Mysak
Procurement Basics
accounts payable outsourcing

14 min read

Accounts Payable Outsourcing or In-House AP: Here’s What to Consider

Discover the benefits and drawbacks of accounts payable outsourcing and when in-house AP with automation is a better option.

Marta Holyk
Marta Holyk
Procurement Basics