Author: Procurify

Reversing entries exist to ensure you don’t have duplicate entries for your expense and revenue transactions, which are the greatest indicators of your business’ … 5 Things to Know About Reversing Entries

One of the best ways for personnel in accounts payable to verify a payment is with a three-way matching (3-way matching) system. Three-way refers … What is Three Way Matching and Why is it Important for Your Accounts Payable Team?

Purchase orders aren’t just for big corporations. Whether you’re a small startup, a mid-sized company, or a large enterprise, the way you manage company orders can make or break your financial clarity. This article explains how purchase orders work at every stage of growth, why they matter, and the risks of operating without them — helping businesses of all sizes build stronger, smarter procurement practices.

Although the history of procurement is spotty at best, procurement practices have existed for thousands of years. It’s evolved from a function of subordinates … A Brief History of Procurement: Key Points From Past and Present

Undeniably the procurement progress varies a great deal from project to project, requiring a great deal of patience to not only understand but to map … 16 Levels of Procurement in the UK

The UK Government spends around £230 billion on products and services per year, with the complexity of procurement varying by project. Acknowledging the inefficiencies within … Discover The UK Procurement Landscape

You’re a savvy procurement manager, just living life procuring things. But did you know that Canada has a history of lawsuits whose precedents govern … Important Procurement Laws Managers Need To Know About

Employee expenses often fall into an area of finance that can escape us. Tracking them can be tedious and denying employee expense claims can … Employee Expense Tracking Tips & Tricks

As supply chains start to look more like tangled webs with many suppliers, requester, and shipping partners, cloud-based solutions will be the solution of … Cloud Computing and Supply Chain Management

Over the past 15 years the frontier of a global economy has broadened extensively thanks to the Internet. And now more than ever, procurement … Is the Future of Procurement Cloud Technology?

Interview and insights with Nickie Morrison, purchasing manager for IFN Modern IFN Modern is a popular online furniture store that specializes in selling mid-century modern … Supply Chain and Product Sourcing for Furniture Purchasing

The topic of supply chain management (and the creation of a coherent set of best practices therein) can be a source of stress. That’s … A Brief History of Modern Supply Chain Management and Best Practices