Indirect Spend Management Best Practices

Posted by Negotiatus on October 24, 2018 at 5:06 PM

Conventional wisdom has been that group purchasing organizations (GPOs) can benefit companies by streamlining indirect spend management and saving significant amounts of money. GPO advocates cite recent research that shows a majority of companies are still not using or considering GPOs, and assert that this is "leaving money on the table."

GPOs, however, are quickly becoming an outmoded concept. Developments in technology have introduced capable and easy-to-use indirect spend management software systems that can provide all the benefits of a GPO, but more efficiently and without taking away a company's flexibility in managing procurement.

 

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Topics: spend management, indirect spend

The Top Ten Spend Management Tools

Posted by Negotiatus on October 17, 2018 at 4:51 PM

It is no secret that saving on costs is one of the top priorities for every business in the world, regardless of stature or industry. One of the ways businesses reduce costs is by investing in a spend management software solution.

Aside from cost savings, a great spend management software also rationalizes the price and ensures budget and management compliance. To help you get started on the path of implementing optimal purchase processes, here are the top 10 spend management tools that could help you grow your business effectively.

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Topics: spend management

3 Things You Need to Know About Tail Spend Management

Posted by Negotiatus on October 12, 2018 at 5:02 PM

Every business knows how crucial spend management is to a business' success. That is why it is not a surprise to see businesses from all over the world placing significant effort to make sure that they are assimilating, analyzing and controlling their spend management processes in an optimal manner. However, even after treating spend management as a crucial aspect, many companies still overlook the subject of tail spend management.

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Topics: spend management, tail spend