Browse Category: Budget

How to Report Expenses

How to report expenses

Expense reporting demands a different approach than say, managing your purchase order process or tracking vendor performance. It’s something of an outlier in the procurement world, yet, at the same time, equally important when it comes to managing your company’s finances. 

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The Cost Iceberg

Cost iceberg

There’s this concept called the Cost Iceberg, which refers to the idea that like an iceberg, the total cost of an order might not be evident at first glance.

The iceberg is an oft-used visual metaphor, especially in the realm of spending.

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