article thumbnail

Why Finance Leaders Should Care About Procurement and Finance Alignment

Planergy Software

Why Finance Leaders Should Care About Procurement and Finance Alignment. Why Finance Leaders Need to Care About Procurement In most companies, finance and procurement have operated separately, with the two departments working in tandem only when necessary. Operations or Finance? Download Free Copy. Written by.

Finance 52
article thumbnail

How To Calculate Procurement Savings

Obobo

In light of the ongoing effects of the pandemic, it is essential that businesses keep track of all cost reduction initiatives and strategic sourcing in order to survive harsh economic declines. This task is challenging, but not impossible. Find Out More. Table of Contents. What is Savings Tracking? No contracts to cancel.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Future of FP&A: How The Role Is Evolving With The Use Of Real-Time Data

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Understanding FP&A It’s a role within the finance department that involves budgeting, forecasting, and analyzing a company’s financial reports and metrics. How to gain visibility and control of your indirect spend.

Finance 52
article thumbnail

Expense Reimbursement: What Is It, How To Manage, and What Should You Cover

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Expense reimbursement allows businesses to accurately track their spending and ensure that employees are not out of pocket for any legitimate business-related costs. How to gain visibility and control of your indirect spend.

article thumbnail

The Benefits of Intelligent Process Automation

SIG Speaks

Intelligent Process Automation does not take employees out of the loop. Instead, it allows employees to increase their contribution by taking away mundane, repetitive tasks. Capturing invoices as soon as they are received allows for accurate reporting for the finance team.

article thumbnail

Marketing Procurement: Challenges and Best Practices

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Sometimes, procurement managers may reach out to an agency looking to review their social media channels. Best Practices for Your Marketing Procurement Process and Strategic Sourcing. Download Free Copy.

article thumbnail

Predictive Analytics in Procurement For Actionable Insights

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. The companies that have come out on top as a result of the pandemic chaos are those that made the shift from being reactionary to proactive. These tasks, are often repetitive and dull making it easy for errors just show up.