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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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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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Blog
Procurement

Updated: Jun 26th, 2024 • 6 min read

Economic uncertainty ahead: 7 things you can do to prepare for a recession

Facing an impending recession? Procurify outlines 7 steps to prepare: optimize cash flow, smart sales strategies, efficient inventory management, ensure creditworthiness, and more. Navigate economic turbulence with informed financial strategies.

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Finance

Updated: Jun 26th, 2024 • 5 min read

What is Three Way Matching and Why is it Important for Your Accounts Payable Team?

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?

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Invoicing

Updated: Jun 26th, 2024 • 3 min read

How to Best Optimize Invoice Tracking

There are myriad ways of driving organizational change – consistent readers of this blog will agree, as we’ve covered this issue from numerous angles. … How to Best Optimize Invoice Tracking

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Purchasing automation

Updated: Jun 26th, 2024 • 4 min read

Automating Financial Processes Best Practices From The Professionals

We heard from two corporate controllers, on how they help their companies achieve their missions. They also covered how they address the challenges of … Automating Financial Processes Best Practices From The Professionals

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Webinars

Updated: Jun 26th, 2024 • 7 min read

Financial Leaders Recap on Lessons Learned in 2020 (and Plan for 2021)

Procurify recently spoke with three fintech executives about their biggest lessons learned in 2020, and how they intend to future-proof budgets and approvals for … Financial Leaders Recap on Lessons Learned in 2020 (and Plan for 2021)

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Podcast

Updated: Jun 26th, 2024 • 8 min read

Leading the Finance Function at a Tech Company With Pinder Sekhon

Here’s a secret: studying finance doesn’t mean you have to work for a finance firm (or even in a finance function). Every industry (and … Leading the Finance Function at a Tech Company With Pinder Sekhon

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Company news

Updated: Jun 26th, 2024 • 2 min read

🚨New Feature Alert! Introducing Automated Purchase Orders from Procurify

We’re excited to announce the release of our new automated purchase order feature!  Launching June 7, 2021, Procurify customers can now automatically generate a … 🚨New Feature Alert! Introducing Automated Purchase Orders from Procurify

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Procurement

Updated: Jun 26th, 2024 • 7 min read

Every Third Startup Fails Because of This Problem

“We spent $200M in the past 2 years. $200M!…We spent 2/3 of the cash… Holy shit this is a big deal.” — Jason Goldberg, … Every Third Startup Fails Because of This Problem

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Purchasing automation

Updated: Jun 26th, 2024 • 6 min read

Spreadsheets Are Forcing Your Accountants To Work Overtime. Here’s Why.

The Month-end process has begun; for the next few days, your team grinds it out to ensure that the books are clean and all … Spreadsheets Are Forcing Your Accountants To Work Overtime. Here’s Why.

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Invoicing

Updated: Jun 26th, 2024 • 5 min read

Why Finance Can’t Afford To Wait For Invoices

There is often an underlying assumption that the accountancy department in any business has a complete picture of everything occurring at shop floor level. … Why Finance Can’t Afford To Wait For Invoices

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