Science fiction has long warned us about the rise of artificial intelligence. Movies, novels, animation, and pop culture have conjured up images in our minds of AI rebelling against human civilization and causing catastrophe. As you may have noticed, AI has been a hot-button issue recently, not just in the world of procurement, but on
Artificial Intelligence in Procurement Read More »
In today’s fast-paced business environment, where most procurement leaders strive to stay ahead of the curve, it’s important to have a system in place that can track and report on spend data effectively. The need for outsourcing spend analysis in procurement is even greater when management aims to reduce costs and improve process efficiencies, while
Outsourcing Spend Analysis in Procurement When Resources are Limited Read More »
For procurement and finance professionals, monitoring expenses is a critical component of managing budgets. Unfortunately, cardholders can sometimes circumvent transaction limits using several split-transaction strategies. In this blog post, we will discuss the challenges associated with monitoring expenses when cardholders attempt to circumvent transaction limits, violate policy by doing so, and how to best manage
Challenges of Monitoring Expenses When Cardholders Circumvent Transaction Limits Read More »
Communicating positive purchasing behavior to employees who purchase goods and services for the organization often remains overlooked by approving managers or the central review team. Focused on red flags with potential for fraud or misuse, communicating the risky behavior takes priority. A follow-up by managers of these risks takes precedence to help reduce or stop
During November, procurement professionals across higher education institutions will gather for networking and educational insights on the latest procurement challenges. For procurement professionals interested in compliance, cost efficiencies, and other expense solutions to the latest procurement challenges, stop by our booth at the conference to learn more! Find out how to register for this wonderful
Meet Procurement Professionals at the Upcoming NAEP Great Plains Regional Conference! Read More »
Managing Sunshine Act compliance has its challenges. Paired with monitoring corporate travel and expenses, compliance can become a bigger issue.
Unpacking the Sunshine Act to Boost Protection and Transparency in Health Care Spend Read More »
