What Enterprises Miss When They Don’t Modernize Spend Management
April 23, 2025 | Procurement Software
Enterprise spend management isn’t just about cutting costs — it’s about gaining full control over financial operations, eliminating inefficiencies, and driving profitability. With hidden expenses, compliance risks, and supplier complexities, businesses need more than spreadsheets and manual oversight.
Technology is now revolutionizing enterprise spend management by integrating automation, AI-driven analytics, and centralized data management.
These innovations provide real-time visibility, optimize workflows, and enhance decision-making.
How Category Management is Redefining Procurement With AI
April 21, 2025 | Procurement Strategy
Organizational spend has evolved from basic cost control to a sophisticated strategic discipline. Category management stands as the cornerstone of this transformation, empowering procurement teams to command their spending with unprecedented precision and foresight.
Is Your Procurement Management Strategy Driving Growth—Or Just Cutting Costs?
April 18, 2025 | Procurement Strategy
For decades, procurement has been seen as a cost-saving function. But in today’s volatile, competitive market, that mindset is outdated. Leading organizations are reimagining procurement as a strategic growth enabler, using it to drive innovation, strengthen resilience, and improve business agility.
Why GEP Dominates the Spring 2025 Spend Matters SolutionMap
April 17, 2025 | Procurement Software
Procurement is evolving at a rapid pace. With rising costs, increased supply chain risks, and the growing impact of AI and automation, businesses need a trusted partner that doesn’t just keep up—but leads the way.
4 Key Benefits of Contract Repository Software for Procurement
April 16, 2025 | Procurement Software
Contracts are the backbone of supplier relationships, but if you don’t manage them properly, you wind up exposing your company to missed opportunities and unnecessary risks, from maintaining compliance with ever-changing regulations to ensuring timely renewals. How can procurement mitigate those risks and leverage contracts for competitive advantage?
Purchasing Cards: A Smarter Way to Control Spend and Simplify Procurement
April 16, 2025 | Procurement Strategy
The Challenge: Manual Payments Are Holding Procurement Back
Manual payments are still holding procurement back, creating inefficiencies in payment processing for low-value, high-volume purchases. Using traditional purchase orders (POs) and invoices is time-consuming and costly. Moreover, accounts payable (AP) departments struggle with approval delays, compliance risks and lack of visibility into real-time spending.
What is Intake-to-Procure? (And How It Streamlines Procurement)
April 14, 2025 | Procurement Software
Imagine this: An employee needs a new laptop urgently. The employee's team emails a request to finance, who then loops in procurement. Meanwhile, two employees from another team submit similar requests.
Before you know it, procurement has multiple requests – some approved while others with missing details.
Procurement then sends requests with missing details back to where they came from, and this continues back and forth for a while. There are delays, costs increase, and resources are engaged in unnecessary manual tasks.
5 Ways You Can Benefit by Involving Procurement Early
April 11, 2025 | Procurement Strategy
As a procurement professional, you may be fully engaged in managing supplier relationships, contracts and expenditures. But do you often get involved in the process at a much later stage, perhaps for negotiations and contract management ?
This isn’t surprising, as many businesses consider procurement a tactical function that focuses mainly on cost savings. They do not think of involving procurement earlier during the project planning phase. The result?
Struggling with Sourcing? You Need AI-Powered RFP Software
April 10, 2025 | Procurement Software
What does the RFP process look like in your business? Does your souring team still rely on paperwork, telephonic conversations with suppliers and email follow-ups? Is it spending a lot of time creating, reviewing or responding to proposals?
All this means endless spreadsheets, countless emails and constant back-and-forth with stakeholders from different teams. Also, today’s RFPs are longer, more complex and come with shorter deadlines.
Procurement Pros: Cut Processing Time and Improve Compliance With Intake Management Automation
April 10, 2025 | Procurement Software
The Hidden Bottleneck in Procurement
How do your users think about procurement? They don’t see the steps that procurement has to navigate – from supplier analysis to invoicing – they just want to get the materials they need to do their job.
Intake management, the process by which users submit requests, and how those are triaged, approved and moved forward, can be one of the biggest obstacles to optimizing efficiency, reducing costs and improving supplier management.