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The Spend Culture Blog

Best practices, expert advice, and industry insights on everything from procure to pay. Learn how you can put your procurement function to work to cut costs, drive efficiency gains, and future-proof your organization.

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Podcast

Updated: Jun 26th, 2024 • 9 min read

Cutting Costs, Not Corners: Why Your Procurement Department Deserves More Respect

Just as finance is no longer about bean counting, the role of procurement has evolved from transactional chores to strategic partnerships. Having spent most … Cutting Costs, Not Corners: Why Your Procurement Department Deserves More Respect

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Procurement

Updated: Jun 26th, 2024 • 5 min read

Procure to pay KPIs: 11 metrics you need to track

Many established companies use Key Performance Indicators (KPIs) as a way to measure the success of a particular activity that it is engaged in. … Procure to pay KPIs: 11 metrics you need to track

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Purchasing automation

Updated: Jun 26th, 2024 • 6 min read

How to Introduce Automation Into Your Procurement Organization

Written by – Jaclyn Enchin The way procurement processes function now can leave room for a whole host of issues. Without online portals, rogue … How to Introduce Automation Into Your Procurement Organization

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Purchasing automation

Updated: Jun 26th, 2024 • 4 min read

Purchasing Automation: What It Is and Why It Works

There’s a simple, hard truth that many employees encounter in the procurement world, which is that they are often required to perform repetitive tasks … Purchasing Automation: What It Is and Why It Works

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Biotechnology

Updated: Jun 26th, 2024 • 10 min read

How to Make Finance and Operations Align in Your Purchasing Workflow

In our recent webinar, we share some procurement best practices for biotech and pharmaceutical companies. In fast-growing pharmaceutical and biotechnology companies, saving time is … How to Make Finance and Operations Align in Your Purchasing Workflow

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Compliance

Updated: Jun 26th, 2024 • 4 min read

5 Strategies to Increase Purchasing Compliance in Software Companies

For smaller businesses, it can be simple to track spending among a group of a half dozen of people. However, the larger an organization … 5 Strategies to Increase Purchasing Compliance in Software Companies

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Purchasing automation

Updated: Jun 26th, 2024 • 6 min read

How Purchasing Software Drives Business Growth

How Purchasing Software Drives Business Growth If you’re reading this guide, you’re probably looking for a better way to manage purchasing in your company. … How Purchasing Software Drives Business Growth

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Purchasing automation

Updated: Jun 26th, 2024 • 4 min read

How Technology Is Changing Marketing Procurement

No one reading this article needs to be told that marketing procurement – like every other business function – has been impacted by the … How Technology Is Changing Marketing Procurement

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Finance

Updated: Jun 26th, 2024 • 7 min read

Hacking Budgets & Burn Rate for High-Growth Startups

Balancing burn rate and runway is easily one of the most crucial responsibilities of a startup. Typically, the CEO in collaboration with the C-suite … Hacking Budgets & Burn Rate for High-Growth Startups

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Spend management

Updated: Jun 26th, 2024 • 7 min read

Why Software CFOs Need Spend Control

The pandemic brought about many changes to business. Learn why priorities like spend control reflect what finance and accounting leaders are focusing on right … Why Software CFOs Need Spend Control

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Blog
Downturn economy

Updated: Jun 26th, 2024 • 10 min read

Why Brand Building is the Best Investment Against a Downturn – John Tabis, Founder of the Bouqs Company

In this episode, John Tabis, the Founder of The Bouqs Company shares his thoughts on why brand building is the best investment against a … Why Brand Building is the Best Investment Against a Downturn – John Tabis, Founder of the Bouqs Company

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Spending cards

Updated: Jun 26th, 2024 • 7 min read

Marketing Budgets 101: How to Accurately Track Your Department’s Spend

According to Deloitte, marketing spend is expected to grow by 14 percent in 2021. For budget setters, this poses new challenges. Not only do … Marketing Budgets 101: How to Accurately Track Your Department’s Spend

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