Practical tips for procurement and finance
The Clock is Ticking: Ariett’s November 1, 2025 Sunset If you’re reading this, you’ve likely received the official notice from AvidXchange: Ariett will be discontinued and no longer accessible beginning November 1, 2025. For the thousands of companies that have relied on Ariett’s procurement and accounts payable platform since 2005, this creates an urgent need… Continue reading The Complete Guide to Ariett Replacement: Why ProcureDesk is Your Best Alternative
The Clock is Ticking: Ariett’s November 1, 2025 Sunset If you’re reading this, you’ve likely received the official notice from AvidXchange: Ariett will be discontinued and no longer accessible beginning November 1, 2025. For the thousands of companies that have relied on Ariett’s procurement and accounts payable platform since 2005, this creates an urgent need… Continue reading The Complete Guide to Ariett Replacement: Why ProcureDesk is Your Best Alternative
When it comes to how to control company spending effectively, companies waste an average of 10% of their spending due to poor purchasing processes. For a $10 million revenue company, that’s $1 million thrown away annually. According to the World Bank, governments spend an estimated $13 trillion annually on procurement, with as much as a… Continue reading How to Control Company Spending Effectively
Most companies investing in procurement systems are leaving money on the table. Research shows that organizations typically utilize only 30% of their e-procurement system’s capabilities, essentially paying for a Ferrari but driving it like a bicycle. This untapped potential represents millions in lost efficiency gains, significant cost savings, and reduced procurement costs. Whether you’re a… Continue reading How to Maximize Procurement System ROI: 5 Proven Strategies
Charter school finance leaders face a unique set of challenges. With approximately 70% of a charter school’s budget allocated to personnel, the remaining 30% must be carefully managed to cover everything from school supplies to building maintenance. Yet according to a recent survey by the National Charter School Resource Center, finance directors spend an average… Continue reading The Complete Guide to Procurement Software for Charter Schools: Solving Unique Financial Challenges
It’s day three of month-end close when it happens – a six-figure milestone invoice from your primary CRO(Contract Research Organization) lands unexpectedly in the AP inbox. Your carefully calculated cash-burn forecast just changed—again. For biotech finance leaders, this scenario is all too familiar, turning what should be a routine close into a scramble for documentation… Continue reading CRO Invoice Management: A Biotech Finance Playbook
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 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
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
As research budgets tighten and investor scrutiny intensifies, biotech CFOs can no longer afford to have financial blind spots. Biotech companies face unique financial challenges with their R&D-intensive operations, long development lifecycles, and complex regulatory requirements. Without proper spend visibility, these organizations risk misallocated resources, compliance issues, and cash flow problems that can derail promising… Continue reading The CFO’s Blueprint: Mastering Biotech Spend Visibility with ProcureDesk
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