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Strengthen Your Bottom Line: Manufacturing Cost Management Explained

AccountingDepartment

In the fast-paced world of manufacturing, where efficiency and innovation reign, understanding and managing costs are paramount to success. Cost management isn't a mere back-office function; it's what ensures your products remain competitive, your operations sustainable, and your company profitable.

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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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APIs Ready Manufacturers For The B2B eCommerce Of Tomorrow

PYMNTS

For the manufacturing space, that’s a tall order, considering the widespread reliance on the status quo, according to Znode CEO Rupesh Agrawal. “Many manufacturers and distributors have been doing business the same way for many, many years,” Agrawal recently told PYMNTS. APIs’ B2B eCommerce Play.

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

Airbase

How do we manage risk? This has always been a hot topic with manufacturing companies, but Reuben has noticed a focus on efficiency from SaaS companies recently. In his work, Reuben finds the prime area in need of improvement is spend management. A company might be preparing for an IPO or hoping to achieve unicorn status.

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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.

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Procure-to-pay (P2P) — Everything you need to know.

Airbase

It also offers real-time visibility into the entire procurement cycle — from requisition to payment — allowing organizations to monitor and analyze spending patterns, identify cost-saving opportunities, and maintain accurate financial records. This ensures a seamless flow of data for effective spend management.

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Medius Brings SMB Invoice Automation Offering To US Market

PYMNTS

The cloud-based spend management provider said the offering was created to assist small and medium-sized businesses (SMBs) by allowing for effectiveness and management during the complete accounts payable operation, according to an announcement. “I The firm said there is “great opportunity” for small businesses in the U.S.