Contract management best practices for 2024
Discover how effective contract management empowers your business. Negotiate better terms, minimize risks, and fuel growth with these actionable strategies.
Read MoreRethinking Spend Management: Mastering a continuous approach
Tired of scrambling? Nix the last-minute panic and rediscover your negotiation edge with a continuous spend management approach. While the procurement process is cyclical in nature, teams often treat it in a linear fashion. Typically, they only monitor purchases a few months (or weeks) ahead of the purchase or renewal, and then set-and-forget once signed.…
Read MoreFinance and Procurement: Unlock Hidden Value
Finance and Procurement: a partnership that is often undervalued. But 2024 may be the year where smooth collaboration brings the accomplishments of these teams to the surface. With the right strategies, finance and procurement can transform into an unstoppable force for cost savings, growth, and agility. Nick Mayes, Head of Finance at Productiv joins Michael…
Read MoreFinance and Procurement: Unlock Hidden Value
Finance and Procurement: a partnership that is often undervalued. But 2024 may be the year where smooth collaboration brings the accomplishments of these teams to the surface. With the right strategies, finance and procurement can transform into an unstoppable force for cost savings, growth, and agility. Nick Mayes, Head of Finance at Productiv joins Michael…
Read MoreUnderstanding the cost of inaction to reduce unnecessary spend
No action is an action. Discover how leveraging, and understanding, cost savings and cost avoidance can help you conquer app chaos and optimize your spend.
Read MoreBreaking down the landscape of SaaS purchasing in 2024
In the current climate, organization’s need to justify all software purchases and ensure a greater ROI with all the vendors that they’re renewing with. The tricky part is getting IT, procurement, and finance teams to collaborate effectively.
Read MoreProcurement 2024: Trends, Challenges, and Opportunities
The last few years have been tumultuous for procurement leaders – and that’s putting it lightly. Companies have had to navigate resource limitations, changing expectations, and increasingly complex economic challenges. All of this while teams are expanding their engagements with outside vendors and signing shorter term contracts. While it doesn’t feel like there is a…
Read MoreCheckers to chess: How spend management is enabling Procurement to become a strategic business partner today
The sprawling landscape of suppliers and the sharp focus on optimized spend has shaken up the role of Procurement today. Previously perceived as tactical, Procurement teams that are moving the needle are transformative. What does that mean? It means they’re partners to the business. Not just getting stuff done, but helping to make impactful decisions,…
Read MoreWhat 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…
Read MoreWinter 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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