Procurement Basics

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.

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

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.

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.

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.

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.

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.

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.