Actionable Tips for Elevating Procurement Role

Practical tips for procurement and finance

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Biotech Procurement Automation: 7 Ways to Streamline Lab Supply Management

Biotech Procurement Automation: 7 Ways to Streamline Lab Supply Management Learn more arrow icon

Are your lab managers constantly complaining about critical research delays because supplies didn’t arrive on time? As a biotech CFO or controller, you’ve likely witnessed how a single missing reagent can derail weeks of research, costing thousands in lost productivity and pushing back critical milestones. For growing biotech companies scaling from 50 to 250 employees,… Continue reading Biotech Procurement Automation: 7 Ways to Streamline Lab Supply Management

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Biotech Procurement Automation: 7 Ways to Streamline Lab Supply Management

Biotech Procurement Automation: 7 Ways to Streamline Lab Supply ManagementLearn more arrow icon

Are your lab managers constantly complaining about critical research delays because supplies didn’t arrive on time? As a biotech CFO or controller, you’ve likely witnessed how a single missing reagent can derail weeks of research, costing thousands in lost productivity and pushing back critical milestones. For growing biotech companies scaling from 50 to 250 employees,… Continue reading Biotech Procurement Automation: 7 Ways to Streamline Lab Supply Management

Biotech Procurement Compliance: How to Build Audit-Ready Processes Without Slowing Down Research

Biotech Procurement Compliance: How to Build Audit-Ready Processes Without Slowing Down ResearchLearn more arrow icon

Biotech CFOs and procurement managers are losing sleep over the same nightmare: a compliance audit that uncovers serious procurement violations leading to costly penalties, compromised research integrity, or worse, patient safety issues. While your scientists focus on groundbreaking breakthroughs, your procurement team or lab managers are quietly battling a complex web of regulatory requirements that… Continue reading Biotech Procurement Compliance: How to Build Audit-Ready Processes Without Slowing Down Research

Lab Supply Procurement Software: A Lab Manager’s Guide to Ditching Spreadsheets

Lab Supply Procurement Software: A Lab Manager’s Guide to Ditching SpreadsheetsLearn more arrow icon

As a lab manager, you’re likely all too familiar with the frustration of tracking down missing reagents, discovering duplicate orders, or dealing with unexpected stockouts that delay critical research. If your lab is still relying on spreadsheets to manage supplies, you’re not alone, but your lab operations are also not operating at peak efficiency. Why… Continue reading Lab Supply Procurement Software: A Lab Manager’s Guide to Ditching Spreadsheets

10 habits of highly successful CFO’s

10 habits of highly successful CFO’s Learn more icon

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

How to Implement a 3-Way Match Process

How to Implement a 3-Way Match Process Learn more icon

Is your Accounts payables team struggling with matching invoices with purchase orders and receipts (a.k.a three-way match)? Do you know that by automating the three-way matching process, the accounts payable team can reduce the time spent on processing invoices by 30%? Yes, 30% productivity improvement for the accounts payable department. Curious as to how to… Continue reading How to Implement a 3-Way Match Process

Lowering operating costs in 2019 – Strategies for mid-market companies CFO’s

Lowering operating costs in 2019 – Strategies for mid-market companies CFO’s Learn more icon

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

Procurement Salary Benchmarks [2010-2018]

Procurement Salary Benchmarks [2010-2018] Learn more icon

Curious about Procurement Salary benchmarks? We are also and we will be answering most of your questions around salary benchmarks. There are primarily two reasons we are covering Procurement salary benchmarks 1. Providing A Baseline For Procurement Professionals As you know most of our readers are procurement professionals, and if you are reading this chances… Continue reading Procurement Salary Benchmarks [2010-2018]

9 Ways To Increase Procurement And Finance Collaboration [Complete Guide]

9 Ways To Increase Procurement And Finance Collaboration [Complete Guide] Learn more icon

In many companies, procurement and finance often work separately, each with its own goals. But it’s important to understand their vital roles in the procure-to-pay (P2P) process. Without proper teamwork between them, your business might miss important opportunities. Today, businesses are realizing the benefits of closer collaboration between procurement and finance. That’s why, in this… Continue reading 9 Ways To Increase Procurement And Finance Collaboration [Complete Guide]

Purchasing Policy Guide for CFO’s [Template Included]

Purchasing Policy Guide for CFO’s [Template Included] Learn more icon

Bonus Material:  Free Purchasing Policy Template Looking to control cost and get better cash flow visibility? Are you looking to implement a new purchasing policy? Then this strategy would help you implement a purchasing policy that not only helps control cost but also helps with setting up your company procurement process for growth. In this… Continue reading Purchasing Policy Guide for CFO’s [Template Included]