Procurement Basics

Why Implementing 3-Way Matching is Important

11 min read

Why Implementing 3-Way Matching is Important

58% of AFP Payments Fraud and Control Survey respondents report that email scams have at some point targeted their accounts payable departments. What can businesses do to protect themselves from paying money for fraudulent invoices? They can introduce three-way matching to the purchasing flow.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
Direct vs. Indirect Procurement: Key Differences Explained

8 min read

Direct vs. Indirect Procurement: Key Differences Explained

Learn key differences between direct and indirect spend, how their strategies differ, and procurement best practices.

Tetiana Katrych
Tetiana Katrych
Procurement Basics
Everything You Need to Know About the Early Payment Discount

9 min read

Everything You Need to Know About the Early Payment Discount

For every $1 billion spent on POs, there are about 3 million dollars in early payment discounts left unclaimed. Read on to discover how to qualify for and negotiate a discount.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
Why Procurement Management Tool is a Must for Efficient Purchasing

9 min read

Why Procurement Management Tool is a Must for Efficient Purchasing

Procurement managers aim to deliver results while optimizing expenses.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
Procurement KPIs & Metrics: What To Focus on and How To Measure

8 min read

Procurement KPIs & Metrics: What To Focus on and How To Measure

Check out our list of the top 13 procurement KPIs, learn how to track them, and what to focus on to drive the most value to your company.

Tetiana Katrych
Tetiana Katrych
Procurement Basics
Procurement Analysis: a Game Changer for Purchasing Strategically

14 min read

Procurement Analysis: a Game Changer for Purchasing Strategically

About every second Chief procurement officer – 49% of CPOs, according to Deloitte – invests in developing digital analytics skills. Read about why analytics is so important and how it can benefit your business.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
How to Create an Invoice Approval Workflow: A Guide

9 min read

How to Create an Invoice Approval Workflow: A Guide

Check out this complete guide on invoice approval workflow to learn more about the process, AP's best tips and tricks, and how manual workflow differs from automated.

Tetiana Katrych
Tetiana Katrych
Procurement Basics
The Basics of the Procurement Management

10 min read

The Basics of the Procurement Management

Procurement is an undeniably important component of any company's operations, but it's often done intuitively and manually.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics