Procurement and AP Automation Blog

“We spent $200M in the past 2 years. $200M!…We spent 2/3 of the cash… Holy shit this is a big deal.” — Jason Goldberg, … Every Third Startup Fails Because of This Problem

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