Procurement Basics

Expense Reports: A Comprehensive Guide

13 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.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
The Definitive Guide to Cost Savings

24 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.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
The Top 5 Skills Every Procurement Manager Needs

8 min read

The Top 5 Skills Every Procurement Manager Needs

Explore the most important skills for procurement managers. Plus, read about common challenges for a purchasing manager and how to solve them.

Marta Holyk
Marta Holyk
Procurement Basics
Automated Invoice Processing with OCR: How It Works and Why Use It

9 min read

Automated Invoice Processing with OCR: How It Works and Why Use It

Discover the fundamentals of automated invoice processing with OCR: how the combo works, what advantages it offers, and solutions for AP challenges.

Tetiana Katrych
Tetiana Katrych
Procurement Basics
Everything you need to know about open invoices

8 min read

Everything you need to know about open invoices

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.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
Top 5 KPIs for Purchasing Managers

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.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
purchase order vs invoice

11 min read

Purchase Order vs. Invoice: Do You Need Both?

While some companies choose not to create POs for invoices, studies show this approach comes with considerable downsides.

Marta Holyk
Marta Holyk
Procurement Basics
GAAP for Accounts Payable: What It Is and Why It's Important

12 min read

GAAP for Accounts Payable: What It Is and Why It's Important

What are the Generally Accepted Accounting Principles and how can they increase transparency in the AP process? Explore the importance and fundamental rules of GAAP.

Marta Holyk
Marta Holyk
Procurement Basics