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

Airbase

The impact can be dramatic: Healthcare network Doximity estimates the move to Airbase saves their finance team 60 hours each month. In addition to time savings, the visibility and control that a spend management system gives are required to reduce unnecessary, unplanned, or rogue spending. Increase the focus on ROI.

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Procurement Tech Offers Relief To Healthcare Firms Stretched To The Brink

PYMNTS

Procurement within the healthcare industry is perhaps more complex than most sectors thanks to an array of factors, but when the pandemic hit, many of the typical challenges exploded into insurmountable hurdles. Even outside the circumstances of a global pandemic, healthcare procurement processes can be convoluted. Digitization Ahead.

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Turning Unplanned Spend Into Spend Management Innovation

PYMNTS

All of this friction can lead to that worker left waiting, cooling his or her heels in the truck, as the traditional spend management process grinds on. Spend management is also following that trend, though there is still much work to do, of course. So much for getting ahead. Audit Trail.

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JAGGAER Scoops Up BravoSolution In Spend Management Expansion

PYMNTS

Corporate eProcurement spend management company JAGGAER plans to acquire BravoSolution , the companies announced this week. In a news release , JAGGAER said it would acquire BravoSolution from Italmobiliare in a deal that will make the company the “largest independent, vertically focused spend management solutions company in the world.”

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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. Classify and communicate the scope of unmanaged spend.

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Leading analyst IDC recognizes innovation in procurement solutions.

Airbase

Despite the influx of spend management software products, all designed to make employee spending easier to manage, many of these gaps remained. Controller Eoin Hession confirms the importance of usability: “Airbase is an impeccably streamlined, user-friendly spend management system designed for all employees.

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Moving The Business Payments Focus From Price To Process

PYMNTS

Against that backdrop, companies are re-evaluating and redesigning their entire supply chains, cost management life cycles and other processes across all industries from healthcare to manufacturing. Yet there’s a wide gulf between considering the great shift to digital B2B payments and actually making the leap.