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Leading analyst IDC recognizes innovation in procurement solutions.

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

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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.