9 best practices for managing SaaS subscriptions and spend
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?…
Read MoreRounding out the year — The top SaaS apps, according to the data
Discover the SaaS trends that shaped the top SaaS apps of 2023 and dive into how emerging technologies shaped the tool choices of Procurement leaders.
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 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 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 indirect procurement and why your company should care
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…
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.…
Read MoreSaaS Application and Software Spend Management 2024
Art of Procurement, in partnership with Productiv Accessible price points, ease of adoption and application, and promises of seamless integration, make SaaS applications a go-to solution for most businesses looking to address process or data-related challenges. But, as reliance on SaaS software grows, these advantages can also bring challenges like information security risks, difficulty optimizing…
Read More