9 best practices for managing SaaS subscriptions and spend

Image depicts two people discussing their SaaS subscriptions

Chances are, new SaaS applications are popping up at your organization every month. But as new apps come in, it’s important to evaluate how employees are using existing tools. Managing SaaS spend can feel like a headache, but these best practices can help to regain control of your SaaS portfolio. What is a SaaS subscription?…

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What is indirect procurement and why your company should care

Image depicts two employees reviewing their spend management

Projected to grow by an estimated 7 percent per year globally, indirect procurement provides an often overlooked opportunity for companies to save time and money. When companies use digital solutions to “revolutionize” indirect procurement, McKinsey estimates cost savings of 15 to 20 percent. This provides a huge opportunity for companies to invest in their longevity…

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What is vendor relationship management? 

Companies rely on outside vendors to help reach their goals. However, few are dedicating the time to ensure the success of those vendor partnerships. By implementing an effective vendor relationship management strategy, companies can achieve measurable success and see faster return on investment.  What is vendor relationship management?  Vendor relationship management (VRM) is the process…

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Winter is coming: 8 tips for end of year procurement readiness

Winter is coming. It may have already arrived for some. And that means it is time for end of year madness. While we all know it is coming, few of us have the bandwidth and resources to properly plan for the influx of requests, the surprise renewals, and the quicker than possible turn time expectations.…

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