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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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Accounts Payable

Updated: Jun 17th, 2024 • 5 min read

4 Accounts Payable Basics You’re Forgetting

Procurement professionals need to know three things when they start working in this industry: how to use their laptop, when to take breaks, and … 4 Accounts Payable Basics You’re Forgetting

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Expense management

Updated: Jun 17th, 2024 • 3 min read

How to Make Tracking Utilities and Recurring Expenses Less Laborious

In our personal lives or business ventures, we’re all familiar with the idea of recurring spend. This describes the patterns of purchases including services, … How to Make Tracking Utilities and Recurring Expenses Less Laborious

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E-procurement

Updated: Jun 17th, 2024 • 4 min read

E-Procurement and Supply Chain Management: Negotiating 101

Within the realm of business negotiations there are two forms of negotiations you can make, depending on time and circumstance. Especially when it comes … E-Procurement and Supply Chain Management: Negotiating 101

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Procurement

Updated: Jun 17th, 2024 • 4 min read

Why You Need a Procurement System Policy Framework

We love the procurement process – so much so, in fact, that we’re constantly developing and improving our purchasing software to ensure users entrench … Why You Need a Procurement System Policy Framework

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Other

Updated: Jun 17th, 2024 • 5 min read

10 Questions You Need to Ask Your Software Provider

Procurify is a cloud-based e-Procurement software solution provider. As an e-Procurement software, we are easy to use, user friendly, and quick to implement. These are … 10 Questions You Need to Ask Your Software Provider

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Procurement

Updated: Jun 17th, 2024 • 4 min read

Procurement: Blue Ocean Strategy

It sounds made up, doesn’t it? Profitability and growth in the same sentence. While companies achieving the “profitable growth paradox” are considered outliers, they … Procurement: Blue Ocean Strategy

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Other

Updated: Jun 17th, 2024 • 3 min read

Introducing the Request to Pay Methodology

What Is The Request to Pay Methodology? The request to pay methodology is a proven method for organizations to manage their spending. It incorporates industry … Introducing the Request to Pay Methodology

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Invoicing

Updated: Jun 17th, 2024 • 6 min read

How Fake Invoices Cost Citi $400 Million

Consider the three-way match; it’s an accounting term, and, as is the case with most every word in the glossary of Finance and Accounting terms, … How Fake Invoices Cost Citi $400 Million

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Education

Updated: Jun 17th, 2024 • 5 min read

How Universities and Charter Schools Prepare for Audits

Auditing is the process of reviewing an organization’s financial records to decide if they are accurate and align with regulations, state laws, and accounting … How Universities and Charter Schools Prepare for Audits

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Invoicing

Updated: Jun 17th, 2024 • 7 min read

Everything You Need To Know About Invoices

Most people who have anything to do with business and commerce know what an invoice is. It’s the document that itemizes a commercial transaction … Everything You Need To Know About Invoices

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Podcast

Updated: Jun 17th, 2024 • 9 min read

Leading a Remote Team With Shouvik Roy, CFO at Drop

One benefit of working in tech (besides the relaxed dress code and the pool table in the lobby) is a company culture built around … Leading a Remote Team With Shouvik Roy, CFO at Drop

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Procurement

Updated: Jun 11th, 2024 • 3 min read

How Procurement Optimization Adds Value to Organizations

Procurement is often a misunderstood and disregarded (unfortunately!) function of an organization. However, procurement optimization can produce a host of benefits and add tremendous value … How Procurement Optimization Adds Value to Organizations

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