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.

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.

Dive into “Purchasing Problems and Solutions: 10 Common Challenges” to discover how strategic planning and procurement software can address issues, improve efficiency, and strengthen supplier relationships for operational excellence.

Explore the power of procurement process automation. Streamline your procure-to-pay journey, reduce errors, and boost efficiency. Learn the top 5 essential workflows to automate, and unlock the potential of your procurement team with Procurify.

Uncover the top 10 procurement mistakes that cost businesses significantly, from duplicate orders to poor supplier performance. This guide provides solutions to tackle each challenge, ensuring smarter, less wasteful purchasing practices.

Explore the crucial role of supply base optimization for businesses. Learn the 6 pivotal steps to refine your supplier list, ensuring efficiency, reduced costs, and beneficial partnerships. Dive deep into supplier rationalization strategies for effective management.

Discover the importance of a chart of accounts in business accounting. Dive deep into assets, liabilities, revenue, and expenses to keep records accurate and make informed financial decisions. Learn how Procurify can streamline your accounting process.

Explore the differences between lean and agile supply chain management. Lean focuses on reducing costs and waste, while agile prioritizes flexibility and adaptability. Discover which approach suits your business in today’s fast-paced market.

Discover how to effectively implement an e-procurement strategy in 6 actionable steps. From reviewing your current strategy to software implementation, streamline your procurement processes for better results and cost savings.

Working in a remote or hybrid environment has become the new normal for many mission-driven organizations. For most finance people, that’s easier said than The Month-End Close Process: Everything You Need to Know

Explore the nuanced differences between procurement and purchasing. While procurement emphasizes strategic sourcing and vendor relationships, purchasing deals with day-to-day transactions. Learn how both are vital to business operations.

If you ask a group of procurement professionals about the difference between tactical and strategic sourcing, you’ll get a similar answer: ‘It depends.’ Before Tactical vs. Strategic Sourcing: What’s the Difference