Procurement Basics
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.
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.
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.
9 min read
Why a Procurement Management Tool is a Must for Efficient Purchasing
Procurement managers aim to deliver results while optimizing expenses.
15 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.
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.
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.
9 min read
ERP Advantages and Disadvantages: How To Decide
Learn all you need to know about ERP systems: definition, types, advantages and disadvantages, and whether an ERP system is enough for procurement.
