Author: Procurify

This is a detailed look at the intricacies of procurement payment terms.

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

Quite a few things can go wrong. However, if you and your supplier agree on what action should be taken in such situations, the … Purchase Order: How To Not Get Sued & All Other Legal Concerns

Why does Procurement Fraud Occur? Procurement fraud can cost your organization huge amounts of money, time, and other important resources. Fraud occurs for a … What is Procurement Fraud?

First, let’s dare to ask: Is the purchasing manager really a “manager”—or is she just a clerk? Twenty-plus years ago, the answer to that question … Clerks to Smooth Operators: How Purchasing Managers Are Redefining Their Roles

Dear Mr. Purchasing Manager, You’ve spent three whole quarters qualifying dozens of cloud-based procurement softwares and you’ve finally found The One. Congratulations! Well, now … Change Management – How to Successfully Implement a Cloud System

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

We are all too aware of how Procurement teams have always had to yield to Finance’s whims. This has, for too long, been the … Procurement efficiency: Learn How This Company Achieved It

Cash flow and procurement – It’s the dream of every growing company. Getting to the point where you can tell people business is smoothly … Cash Flow and Procurement, The Engine and Fuel of Business

Procurement, as a business operation, can be unpredictable — there are far too many variables involved, and not every part of the process can … Sourcing Agent vs Distributor: What’s The Difference?

Recently, while speaking at Oxford University, I attended a talk on the Future of Procurement. I had always felt that Procurement, as an essential … Calling All CPOs: Here’s How You Can Stand Up To Your CFO

Managing company finances wasn’t easy back in the day. The first mechanical cash register was invented by James Ritty in 1879, which lead to … The National Cash Register Company and Managing Company Finances