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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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What is vendor management and why is it important?

Airbase

Explore tour Best practices for successful vendor relationship management. Establish a defined vendor management policy. A vendor management policy is a formal document that outlines a company’s guidelines and procedures for selecting, evaluating, managing, and offboarding vendors.

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Leading analyst IDC recognizes innovation in procurement solutions.

Airbase

Controller Eoin Hession confirms the importance of usability: “Airbase is an impeccably streamlined, user-friendly spend management system designed for all employees. They really enjoy using the system.” Airbase customer Medely is an enthusiastic user of Guided Procurement.