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2025 Procurement Benchmark Report

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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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Vendor management

Updated: Jun 26th, 2024 • 3 min read

A Quick Look at New Procurement Best Practices

The concept of “best practices” – regardless of industry – is a fluid one. The methods and practices that work during one period may … A Quick Look at New Procurement Best Practices

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Webinars

Updated: Jun 26th, 2024 • 5 min read

Webinar: Former Coca-Cola Director Shares How to Track Spending

This interview is taken from an episode of the Spend Culture Stories podcast. In this episode, Lilia shares her entrepreneurship story, mistakes companies face when it … Webinar: Former Coca-Cola Director Shares How to Track Spending

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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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Accounts Payable

Updated: Jun 26th, 2024 • 6 min read

The Best Tools Every Finance Professional Needs

Finance professionals are constantly on the front-lines of recalibrating the best processes for proactive spend in organizations. They’re shrinking the widening disparity between modern … The Best Tools Every Finance Professional Needs

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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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Downturn economy

Updated: Jun 26th, 2024 • 5 min read

Why companies should invest in spend management during a recession

Why is investing in spend management crucial during a recession? We discuss extending runway, addressing inefficiencies, preparing for uncertainties, and the significance of business continuity plans. Make your spend smarter.

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Procurement

Updated: Jun 26th, 2024 • 3 min read

3 Essential Qualities to Drive Effective Procurement

Throughout history, advances in technology have allowed people to pursue creativity expand their minds to develop even more technological advancements.  As technology advances, so does … 3 Essential Qualities to Drive Effective Procurement

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Procurement

Updated: Jun 26th, 2024 • 3 min read

An Introduction to Purchasing Best Practices

So…you’re in charge of the purchasing at your firm. You might be a purchaser, general manager, procurement officer or, in some cases, the owner … An Introduction to Purchasing Best Practices

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Spend management

Updated: Jun 26th, 2024 • 5 min read

What is Spend Culture and Why Does It Matter?

It All Began With a $436 Claw Hammer The year is 1985 and Ronald Reagan — the 40th President of the United States and … What is Spend Culture and Why Does It Matter?

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Spend management

Updated: Jun 26th, 2024 • 6 min read

5 Red Flags That You Need to Be More Attentive to Your Spend Culture

There’s a certain freewheeling allure to helming a business. You can draw from the company coffers as you like as you arrange meetings, hire … 5 Red Flags That You Need to Be More Attentive to Your Spend Culture

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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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2025 Buyer’s Guide: Spend Management

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