Procurement Basics

Understanding Invoice Tracking & Choosing the Right Software

9 min read

Understanding Invoice Tracking & Choosing the Right Software

Smooth invoice tracking is vital for supplier relationships & expense management. Learn tips for choosing a reliable system for invoice tracking.

Marta Holyk
Marta Holyk
Procurement Basics
improve financial operations for smbs

9 min read

5 Ways to Improve Finance Operations for SMBs

Small and midsize businesses are, while fragile, also in a perfect spot for growth. The durability and chances of success of an SMB often depends on the efficiency of its finance department, so let's talk about some of the strategies to improve finance operations for such companies.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
E-Invoicing: How It Works and Why Your Business Needs It

10 min read

E-Invoicing: How It Works and Why Your Business Needs It

E-invoicing is a cost-efficient and time-saving alternative to the manual process. Discover benefits and tips for implementation.

Marta Holyk
Marta Holyk
Procurement Basics
what is procurement

12 min read

What Is Procurement? A Comprehensive Overview of Key Processes

Procurement plays a key role in business operations, from the simplest to the most complicated ones. Companies of all sizes and in all industries have to purchase things in order to function. Read how procurement ensures it’s done efficiently and why approaching it strategically is so important.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
Value-Based Purchasing in Healthcare Explained

9 min read

Value-Based Purchasing in Healthcare Explained

Value-based purchasing is a healthcare payment model that incentivizes high-quality care. Learn the key benefits and how healthcare systems might incorporate this practice.

Marta Holyk
Marta Holyk
Procurement Basics
cost centers and how to optimize them

8 min read

Cost Centers: How to Understand and Optimize Them

Cost centers serve as critical components in any organization, offering a lens through which to analyze and manage expenses effectively. Read about the logic of cost centers and ways to manage them with maximum efficiency.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
Liquidity Management: Importance, Risks, and Best Practices

14 min read

Liquidity Management: Importance, Risks, and Best Practices

Liquidity management is a must-have practice for a company to meet its financial obligations. Learn how to measure liquidity and tips for improving it.

Marta Holyk
Marta Holyk
Procurement Basics
procurement management plan to mitigate inflation

10 min read

Crafting a Procurement Management Plan to Mitigate the Impacts of Inflation

In the ever-evolving landscape of business, inflation is something every stakeholder should care about. Learn how a procurement management plan can improve a company’s durability and mitigate the effects of inflation.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics