Invoice Management: Everything You Need to Know
Invoice management, also known as invoice processing, is how companies track and pay supplier invoices. Keeping it simple, the process…
Procurement System: Everything You Should Know
A procurement system, also known as a purchasing system, allows companies to automate purchasing goods/services and maintaining inventory. It manages…
Invoice Automation: Everything You Need to know
Invoice automation enables straight-through invoice processing with no human interaction to free up back-office finance or procurement teams to concentrate…
Vendor Management: Everything You Should know
Vendor management is defined as the process that businesses and organizations use to maintain their suppliers (vendors). The vendor management…
What Does Procurement Mean? What You Should Know
Procurement is the process of sourcing and obtaining the goods and services a business needs to fulfill its objectives. Procurement…
Contract Lifecycle Management: Everything You Need To Know
Contract lifecycle management refers to the proactive, methodical management of a contract from initiation through award, compliance, and renewal. Implementing…
Expense Management: Everything You Need to Know
Expense management refers to the systems that a business has deployed to process, pay, and audit employee-initiated expenses such as…
Group Purchasing Organization (GPO): What You Should Know
A GPO or Group Purchasing Organization, also called a co-op, purchasing group, consortium, collective, coalition, or leveraged procurement group, exists…