Browse Tag: Budget management

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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Reining in Your Procurement Budget

Procurement budget

Budgeting is, of course, one of the most critical aspects of running any business. Albeit, maybe not the most glamorous. A budget tells us what we can and can’t afford—and serves to inform our purchasing strategy. While a budget can warn us when finances spiral out of control, they can’t prevent us from buying anything.

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