punchout catalog software

Punchout Procurement: How Finance Controls Off-Catalog Spend

A large share of company purchasing never passes through procurement. The Hackett Group puts off-contract indirect spend at 29%, and finance usually sees those purchases for the first time when the invoice lands. By then the price was not the negotiated rate, no one approved the order, and the close runs one exception longer. This… Continue reading Punchout Procurement: How Finance Controls Off-Catalog Spend