spend management

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What Is A Cost Reduction Strategy?

Cost reduction is a process used by businesses to reduce overhead and expenses and increase the bottom line. The strategies can vary depending on the complexity of a company’s spending, the number of vendors, t...

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Why is cost reduction as important as top line revenue growth?

Often times when speaking with C-level executives I hear a jaded view on revenue in general. Most executives feel that sales forgives all sins and that top line revenue is king. But is it? Because at the end...

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No business should have to feel they are “on the watch” for changes in their contracts and agreements.

It happens all of the time. Clients that audit their own invoices and manage their own contracts…spend wasted hours trying to sort out the fees and promo plans service providers offer. In the end (months l...

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3 Vendor Risks you Want to be Sure to Address

The expansion of digital business, growth of cloud services, and increasing regulatory scrutiny of third-party vendor relationships are just a few factors placing a heightened focus on vendor risk management. B...

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Increasing Costs due to Cost Creep and Lack of Proper Vendor Management

Cost Creep. Has this HAPPENED to YOU? Your company starts to grow, and you need more technology to keep up with additional staff, customers and to help improve the process. You are aware of the efficiencies and...

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Bill Review Billing Optimization Billing Savings billing software business expense management Consulting Cost Reduction Tips Cost Saving Solutions Cost saving strategies Cost Savings financial planning and analysis Financial Reporting Financial Transparency spend management Supplier Management Telecommunication Audit Utility Audit vendor expense management vendor management software vendor management solutions vendor management tracking vendor risk management

5 – Point Checklist to Manage Your Vendors Better

Vendor management is a repeatable, effective method for developing and monitoring third-party providers of goods and services. It is also a way to derive as much VALUE as possible from contracts and build mutua...