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Leading analyst IDC recognizes innovation in procurement solutions.

Airbase

This is why we’re seeing intake solution providers adding accounts payable automation to their offering. At the same time, the business environment became increasingly difficult to manage, with a greater emphasis placed on cost control, which raised the bar for all procurement solutions. They really enjoy using the system.”

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What is vendor management and why is it important?

Airbase

Responses are from other finance and accounting professionals who share their experience with different vendors. Off the Ledger Community Join the powerful Slack finance & accounting slack community. Employ technology for vendor management. How a vendor management solution can enhance your operations.

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Will there be a recession? How spend management improves agility in the face of uncertainty.

Airbase

Accounting automation improves efficiency by eliminating expensive time-consuming manual tasks. In addition to time savings, the visibility and control that a spend management system gives are required to reduce unnecessary, unplanned, or rogue spending.

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Analyze, align, automate: How to optimize financial systems.

Airbase

Typically, we end up with disparate systems.” He added that many clients introduce a consolidated spend management system to resolve those issues and improve collaboration. Optimizing systems and processes through consolidation has far-reaching implications across a company.

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Spend under management: The procurement KPI you should be tracking at any stage.

Airbase

Traditionally, this meant largely unmanaged spending since companies were never sure how much was put on cards. As a result, they lacked real-time control over that spend. There are different definitions of spend under management. The most narrow refers to the percentage of strategic purchases with a negotiated price.

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Barclaycard On Everyday Spend Management And The Digital Shift

PYMNTS

The traditional office environment has since been flipped upside down, with more individuals than ever working remotely and no longer able to walk down a hallway to an accounting department. Parpou said she believes that digital spend management tools have the potential to become long-lasting. Going Digital To Stay Remote.

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Newly Funded Airbase Consolidates Spend Management

PYMNTS

In an interview with the publication, Founder and CEO Thejo Kote described the firm as “the first all-in-one spend management system.” There is also the expense outflow of invoice payments, all of which must be recorded in accounting and enterprise resource planning ( ERP ) systems.