• Top 10 Financial Management and CFO Tools

    Financial management is often the primary factor separating a successful company from a struggling one. No matter the size of your organization, or what industry it’s in, excellent financial management is the key to running your business processes like a well-oiled machine. Thankfully, there are many cloud based platforms and tools available that any business…

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  • Business Spend Management: What it is and how to do it right

    As Marc Andresson famously said, “software is eating the world.” This is one of the most powerful and accurate business statements of the last decade. Indeed, today it’s easy to see how nearly every part of the modern enterprise is powered by software. In the past, business software centered around a few core solutions: the…

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  • What is a Purchase Order and how to create one

    Let’s talk about purchase order creation.  Buying goods and services for yourself is pretty simple, both for you as the buyer and for the vendor. You know what you need, when you need it by, what the allocated budget is, etc. You can source the product or service from the right vendor and simply buy…

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  • Purchase Requisitions: What are they and how do they differ from purchase orders?

    If you’re exploring the procurement and purchasing space, you’ve probably come across terms that appear similar, but aren’t the same. For example, procurement and purchasing (which aren’t the same thing).  Another example is PR and PO. A PR is a purchase requisition, while a PO is a purchase order. While it may seem like these…

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  • Modernizing Purchase Requests

    The how, what and why of standardizing purchasing In the early days of a business, requisitions are a rather straightforward operation. It can be sufficiently overseen by a single finance or operations manager, especially considering the limited number of purchase requests and vendors there are to manage. This isn’t the case in larger organizations. As…

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  • The Modern Purchasing Process: Best Practices for 2021

    Why Now Is the Time to Modernize Purchasing There’s no value in beating around the bush, so here it is: If you’re a growing, fast-moving business and you haven’t yet optimized your purchasing operation—you’re behind. You better get on it, and fast! Why? Because purchasing is an operation that’s crucial to the health of your…

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  • Localize.city Gains Spend Control Using Approve.com

    About Localize.city, known in Israel as Madlan, is a unique service offering home buyers and renters insights about properties that were previously reserved for industry professionals. Founded in 2012, the service has already helped hundreds of people across multiple cities make informed decisions and find the right homes. Challenge With a global team spanning from…

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  • Taboola chooses Approve.com for Achieving Excellence in Procurement

    Overview Taboola helps people discover what’s interesting and new. The company’s platform and suite of products, powered by deep learning and the largest dataset of content consumption patterns on the open web, is used by over 20,000 companies to reach over 1.4 billion people each month. Advertisers use Taboola to reach their target audience when…

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  • Purchase Requisition: What it is and why it’s important

    The purchase requisition, or purchase request, is the launchpad of the purchasing process. As such, it’s super important to understand what it is!  Here, we’ll elaborate on the differences between a purchase requisition and a purchase order. We’ll also explain why more organizations are deploying a proper requisition management system, and why this is arguably…

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  • Designing a Modern Purchasing Process

    As organizations grow, procurement and finance responsibilities naturally become more complex. From a relatively small number of vendors and purchases to manage, procurement and finance managers find themselves overseeing purchasing and partnership activities addressing a variety of business needs for a number of departments and teams.  When purchasing operations become so complex that bottlenecks and…

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  • Implementing a Purchase Order Process on Your ERP

    Everything you need to know to implement a new PO process successfully With your business moving forward, you’ve realized it’s time to level up your purchasing and procurement processes. The first place you want to start—and rightfully so—is with the process of issuing purchase orders. While this endeavor may seem clear-cut, there are actually a…

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  • Deploying a Proper PO Process with NetSuite

    Why Should You Open Purchase Orders on NetSuite? Very often we encounter modern, fast-moving organizations that leverage NetSuite as an ERP system, and are now focused on implementing a proper purchase-to-pay process – starting with approving purchases, booking goods received, and onboarding new vendors. Managing Approvals on NetSuite PO Most of these organizations have tried…

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