Top Spend Management Software Solutions in 2025 
An effective spend management software should allow a business to control costs by automating the purchasing process and providing better cash flow visibility. A spend management system should help you achieve: Control spending and increase profitability through the cost control process and budget management. Increase employee productivity through a streamlined purchasing process. Enhance cash flow… Continue reading Top Spend Management Software Solutions in 2025
15 Tips To Lower Operating Costs For SMB’s in 2025 
If you want to improve the profitability of your business and lower your operational costs, this blog is for you. We’ve detailed the 15 top tips to help you strategically keep up with cost-reduction efforts for your business. By the end of this blog, you’ll understand saving opportunities that you might have often overlooked and… Continue reading 15 Tips To Lower Operating Costs For SMB’s in 2025
20 Ways To Get Funded If You Are An SMB 
The SMB funding sector has been seriously heating up in the last few years. For many ambitious business owners, the challenge isn’t a lack of ideas but rather a lack of capital. That’s why we’ve compiled 20 Ways To Get Funded If You Are An SMB, offering practical solutions to tackle this common hurdle. You’re… Continue reading 20 Ways To Get Funded If You Are An SMB
5 Things SMB’s And SME’s Should Outsource 
Like large businesses, small and medium businesses (SMBs) and SMEs can thrive by strategically outsourcing key tasks. This guide focuses on the 5 things SMB’s and SME’s should outsource to reduce costs, enhance efficiency, and find reliable partners for growth. By leveraging these outsourcing strategies, your business can successfully manage support functions and focus on… Continue reading 5 Things SMB’s And SME’s Should Outsource
Procurement Strategy For Purchasing Cost Reduction 
Procurement costs can quietly erode profitability if not kept in check. Many organizations struggle to reduce costs while maintaining quality and efficiency. If you’re facing this challenge, you’re likely looking for strategies that cut expenses and streamline your procurement processes. A well-defined procurement strategy helps deliver continuous savings and control maverick spending, which increases a… Continue reading Procurement Strategy For Purchasing Cost Reduction
Mastering Business Spend Management: Strategies For CFOs To Save Big 
Effective business spend management and strategic sourcing can save you up to 10% on your annual expenses (The Hackett Group study). If you’re a controller or CFO aiming to optimize your company’s budget and control costs, this article is for you. We’ll dive into key strategies for mastering spend management, including: Crafting a foolproof spend… Continue reading Mastering Business Spend Management: Strategies For CFOs To Save Big
Quick Guide To Implement Maverick Spend Control In Your Company 
Maverick spend control is an important financial control in your organization. Not only does it help your company maintain financial discipline, but it also makes sure that your employees follow procurement policies and prevent budget overruns. But here’s the thing- most employees lack awareness about controlling spend which might lead to either unauthorized or even… Continue reading Quick Guide To Implement Maverick Spend Control In Your Company
How to Control Employee Expenses Across Your Organization 
Most businesses we talk to take a reactive approach to expense control: they review monthly costs and report on expenses — what’s being spent, who’s spending what — and plan a course of action to troubleshoot overspending or increase savings. But a reactive approach doesn’t allow you to actually control costs — you see spending… Continue reading How to Control Employee Expenses Across Your Organization
18 Expense Management Strategies For CFO’s To Reduce Travel And Entertainment Expenses 
Dealing with travel and entertainment expenses for your company? We get it, it can be a bit of a headache. But don’t worry, we’re here to help. In this blog, we’ve got 18 tips to make managing those expenses a whole lot easier for you. We know how important it is to keep your company’s… Continue reading 18 Expense Management Strategies For CFO’s To Reduce Travel And Entertainment Expenses
Procurement Cost Savings – The Complete Guide 
Are you a CFO or controller looking to increase your procurement cost savings? Then, this blog is for you. Most businesses struggle with finding the right procurement strategies to lower their procurement costs and increase their cost savings. In this resource, we’ve gathered everything you need to know about procurement cost savings and the next… Continue reading Procurement Cost Savings – The Complete Guide
Cost Reduction Strategies For Reducing Costs In Turbulent Times 
Cost reduction for any business is a challenge. But did you know this becomes a more pressing issue during turbulent times? Take for instance the COVID-19 situation or any Black Swan event where businesses operated with a lot of uncertainty, economic downturns were just inevitable. This would cause any company to panic, given that they… Continue reading Cost Reduction Strategies For Reducing Costs In Turbulent Times
A Complete Guide To Purchasing Cards 
Do you find your business stuck in the age-old struggle of using personal credit cards for business expenses? If you feel this way, it might be the perfect time to finally consider a transformative solution for your organization through purchasing cards. Purchasing cards are financial instruments that have been a tremendous help for the business… Continue reading A Complete Guide To Purchasing Cards
Mastering Business Spend Management: Strategies For CFOs To Save Big 
Effective Business Spend management and strategic sourcing can save you up to 10% on your annual Spend. Please don’t take my word for it; this results from The Hackett Group study. If you are a CFO of a growing company and worried about business spend management, we’ve got you covered. This article will tell you… Continue reading Mastering Business Spend Management: Strategies For CFOs To Save Big
Procurement Spend Analytics: The Path To Smarter Savings 
The cost of uninformed business decisions can be harmful to your procurement process. Imagine blindly navigating daily operational tasks for your suppliers, purchases, and contracts without data support. The consequences – overspending, missed opportunities, and inefficiencies that affect your bottom line. Thus, your business needs procurement spend analytics. This blog will dive into why procurement… Continue reading Procurement Spend Analytics: The Path To Smarter Savings
How To Use Purchase Approvals For Budget Management 
Are the departments staying within the allocated budgets? Do you always know whether any department will go over budget before purchasing? Or you might be a not-for-profit and worried if you have sufficient grant funding to do what you do. Do you have to wait for the month-end to see if you are over or… Continue reading How To Use Purchase Approvals For Budget Management
5 Ideas For Spend Control In Any Economy 
Spend control is the best practice that every growing company must follow to grow and effectively use capital. However, companies only think about cost control in a tough economy, which is a mistake. But you are not the average CFO or controller; you want to set up the best practices for your company, and we… Continue reading 5 Ideas For Spend Control In Any Economy
Procurement Cost Control 
Procurement cost control is a key part of the CFO’s responsibilities, especially in economic cycles like a recession. Growth is all that matters in good times, so who cares about the cost control! But if you are looking to control procurement costs, this article would cover the framework for controlling spend and immediately reducing the… Continue reading Procurement Cost Control
Spend Analysis: The Complete Guide to Savings Opportunities 
Is your accounts payable department looking for the best ways to take control of your organization’s financial health? If so, then you’re in the right place. Spend analysis is the secret to helping your organization maintain financial health, ensuring you make informed and strategic decisions to drive growth and savings. This resource aims to become… Continue reading Spend Analysis: The Complete Guide to Savings Opportunities
10 habits of highly successful CFO’s 
In today’s business environment and technology that evolves extremely rapidly, the role of the CFO has dramatically changed. In the past, they have been financial gurus behind the scenes and now are forward-thinking team leaders and visionary. Also, CFOs must be involved in strategies and all aspects of the company’s operations. Knowing all of that… Continue reading 10 habits of highly successful CFO’s
Lowering operating costs in 2019 – Strategies for mid-market companies CFO’s 
Lowering operating costs shouldn’t only be CFO’s (Chief Financial officer) job. Unfortunately, in most companies, that turns out to be CFO’s main priority given the corporate mandate. But for the savings to stick, CFO’s need to have cost reduction as a repeatable and sustainable process. We urge CFO’s to view cost reduction and especially operating… Continue reading Lowering operating costs in 2019 – Strategies for mid-market companies CFO’s
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Corporate Travel and Expense (T&E) Policy Best Practices [Complete Guide] 
Why Talk About Travel And Expense Policy Best Practices? I think that you would agree with me that although Travel and expense (T&E) spend is not a major contributor to the total spend, it still needs a lot of attention and resources to process the expense reports for employees. This includes defining a Travel & Expense (T&E)… Continue reading Corporate Travel and Expense (T&E) Policy Best Practices [Complete Guide]
5 Tips For Cutting Cost and Improving Profitability 
Cash flow represents the amount of money coming into your company and the amount of money going out. It’s extremely important for small businesses. Cash inflow is the core of your company and comes from different sources – payments from customers, interest on savings or investments, receipt of a loan, monetary infusion from an investor,… Continue reading 5 Tips For Cutting Cost and Improving Profitability
10 Ways for SMB’s to reduce Employee benefits cost 
For businesses for all sizes, employee benefits is one of the top spend category. Large companies can somewhat control and reduce employee benefits cost by leveraging the volume discounts but for small to medium business that is not an option. Also given the recent changes due to Affordable care Act(ACA), SMB’s benefits cost will further… Continue reading 10 Ways for SMB’s to reduce Employee benefits cost
10 ways to Reduce Your Print Cost 
There are many factors to consider if you want to calculate the true printing cost in your company’s office in order to know how to reduce it. The expense of using an office printer isn’t just the purchase price of the machine. Total Cost of Ownership depends on the price of an appropriate toner or… Continue reading 10 ways to Reduce Your Print Cost
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