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Purchasing software (also called procurement software) is a business software that allows companies to automate their entire source-to-pay cycle. From analyzing and managing expenses to maintaining …

Invoice automation enables straight-through processing with no human interaction most of the time for the entire invoice process to free up back-office finance or procurement …

Vendor management is the process businesses use to manage vendors by controlling costs, decreasing vendor-related risks, guaranteeing delivery, finding new vendors, and negotiating contracts. The …

Procurement is the process of sourcing and obtaining the goods and services a business needs to fulfill its objectives. Procurement is most generally associated with …

Contract lifecycle management refers to the proactive, methodical management of a contract from initiation through award, compliance, and renewal. Implementing Contract lifecycle management (CLM) can …

Expense management refers to the systems that a business has deployed to process, pay, and audit employee-initiated expenses such as travel and entertainment expenses. Expense …