Procurement Basics

ai in finance for cfos

17 min read

AI in Finance: How AI Tools Reshape the CFO’s Role

Discover how AI in finance is reshaping executive roles and what leaders can do to navigate the shift smoothly.

Svitlana Mysak
Svitlana Mysak
Procurement Basics
invoice fraud defintion

16 min read

Invoice Fraud: What It Is, Ways to Spot It, and Steps to Stop It

Learn about invoice fraud, identify its red flags, and prevent costly scams with our guide.

Anastasiia Svyr
Anastasiia Svyr
Procurement Basics
sales order vs purchase order what the difference

14 min read

Sales Order vs. Purchase Order: A Beginner's Guide

Definition: A Purchase Order (PO) is created by the buyer to request goods or services from a supplier. A Sales Order (SO) is created by the seller in response, confirming the request and serving as an internal document to manage fulfillment on the seller’s side. Both documents typically include

Anastasiia Svyr
Anastasiia Svyr
Procurement Basics
cost control

19 min read

Cost Control: A Key to Sustainable Budgeting

Explore the importance of cost control in your business. Learn practical strategies to manage your expenses and invest in lasting growth.

Svitlana Mysak
Svitlana Mysak
Procurement Basics
rfi definition

14 min read

What is an RFI? Templates and Tips on How to Write Effective RFIs

Learn the meaning of an RFI with easy-to-follow examples, templates, and use cases. Get pro tips to write impactful RFIs for smarter bid decisions.

Anastasiia Svyr
Anastasiia Svyr
Procurement Basics
accounts receivable vs accounts payable

18 min read

The Role of Accounts Receivable vs. Accounts Payable

How well you manage accounts receivable vs. accounts payable can make or break your company’s cash flow and long-term financial health.

Marta Holyk
Marta Holyk
Procurement Basics
maverick spend

18 min read

Maverick Spend: Causes, Risks & Mitigation Strategies

Learn what maverick spend is, why it happens, and how to combat it with effective procurement strategies.

Svitlana Mysak
Svitlana Mysak
Procurement Basics
accounts payable outsourcing

15 min read

Accounts Payable Outsourcing or In-House AP: Here’s What to Consider

Discover the benefits and drawbacks of accounts payable outsourcing and when in-house AP with automation is a better option.

Marta Holyk
Marta Holyk
Procurement Basics