Procurement Basics

purchase order vs invoice

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
generally accepted accounting principles

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
ledger with budgets for 2022 and 2023

Month-End Close Tips and Checklist: For Newbies to Experienced Closers

Would you say that your company did better last month than the one before? Do you have a plan for improving next month? To understand if they’re making progress with long-term goals, finance teams undergo regular month-end closes.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
it procurement

IT Procurement: How to Purchase IT Products and Services Effectively

Discover how to establish a successful IT procurement process and make informed decisions when acquiring new hardware and software.

Marta Holyk
Marta Holyk
Procurement Basics
illustration of metrics and graphs and tables

Track the Supply Chain Metrics that Really Matter

Would you say that you have a good understanding of your company’s supply chain strengths and weaknesses? How spot-on are your plans and estimates for the supply chain cycle?

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics
sustainable procurement

Sustainable Procurement: Everything You Need to Know

Discover how sustainable procurement is revolutionizing business practices and driving a positive impact on our planet and society.

Marta Holyk
Marta Holyk
Procurement Basics
spend analysis

Spend Analysis: Best Practices

Learn how to conduct spending analysis to identify unnecessary expenses and underperforming suppliers. You can't optimize it when you don't see it!

Marta Holyk
Marta Holyk
Procurement Basics
budgeting

Stay on Top of Business Finances with Budgeting and Budgetary Control

No matter the size or the market, controlling spending is a top priority for any business. Organizations have to maintain control over budgeted costs and actual spending to ensure stable growth and sustainable development.

Marharyta Golobrodska
Marharyta Golobrodska
Procurement Basics