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
According to Accenture, virtual card spend is projected to grow to a whopping US$355 billion by the end of 2022, up from $136 billion … Online Bill Payments: Why They’re Important and How They Work
According to the Global Business Travel Association, organizations process an average of 51,000 expense reports every year. Unfortunately, due to poor internal practices, finance … Spending Card Program: 4 Things to Consider When Tracking Team Spending
As the COVID-19 pandemic continues to disrupt global supply chains, organizations are facing a number of different challenges at every stage of the supply … 6 Supply Chain Issues Your Organization Will Face in 2022
So, you want to get a new tool for your team, but now you need to convince the leadership team that it’s a good … Selling Spending Cards to the C-Suite: 5 Considerations to Make
Over the last few years, supply change management has changed dramatically. As the effects of the COVID-19 pandemic continue to impact the global supply … What Qualities Will Supply Chain Leaders Need in 2022 and Beyond?