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How to Control Company Spending Effectively 
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
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How to Control Company Spending Effectively
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
How to Maximize Procurement System ROI: 5 Proven Strategies
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
5 Procurement Process Problems Slowing Your Business Down
If your’re experiencing a lot of procurement process problems and it feels like your systems are working against you, you’re not alone. According to industry research, 70% of growing companies struggle with operational inefficiencies that directly impact their bottom line and speed. These aren’t just minor inconveniences—they’re business-critical challenges that can cost companies thousands in… Continue reading 5 Procurement Process Problems Slowing Your Business Down
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
![The Advantages of Automated Purchasing and Invoicing, Crafting a Compelling Business Case Procure-to-Pay [Template Included]](https://www.procuredesk.com/wp-content/uploads/0202/02/business-case-procure-to-pay-1568x882.png)
The Advantages of Automated Purchasing and Invoicing, Crafting a Compelling Business Case Procure-to-Pay [Template Included]
Procurement and Accounts payable automation has many benefits including productivity improvement, process cost reduction, and so on. However, Like any other investment, companies need to justify the investments to the finance team for such an initiative. In this post, we will cover the key benefits of purchasing and invoicing automation and how to build your… Continue reading The Advantages of Automated Purchasing and Invoicing, Crafting a Compelling Business Case Procure-to-Pay [Template Included]
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