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Approve.com Blog

  • SaaS Spend Management 101

    What is Saas spend management? Finance teams have a million things up in the air at all times. They are continually managing and updating a large budget, trying their best to make accurate and prudent predictions, and keeping employees working smoothly all while supporting business growth. So naturally spend management is going to be high…

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  • How To Optimize Your Purchase Order Approval Process

    There’s a lot to think about when you’re running a business. From paying salaries to analyzing cash flow to hiring new employees, you may find that your workflow is becoming more cluttered by the day.  For many businesses, optimizing core finance processes is one of the easiest ways to improve overall business efficiency and reduce…

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  • Procure-to-Pay Automation Done Right

    What is procure-to-pay automation? Procure-to-pay (or P2P) automation is the method of accelerating your P2P process in order to eliminate the manual steps and time-consuming tasks that are currently involved.  Procure-to-pay is a multi-step process that companies follow in order to request goods or services, and invoice and pay the vendor providing those goods or…

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  • How to Better Manage Your Business Cash Flow

    Business cash flow—it’s that one phrase that anyone working in finance knows all too well. It’s also a direct snapshot of a company’s financial health.  Cash defines the ability of your business to pay its employees and suppliers and handle operational costs. It’s essentially the life blood of the company, and managing it properly is…

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  • Top 7 FP&A Software Solutions for 2021

    Financial managers always have a lot on their plates. But especially after such an unpredictable and unsteady year for so many, the start of 2021 allows us to look ahead with a bit more foresight, and perhaps the ability to put a stronger yearly plan into action. Finance departments in particular can recognize the need…

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  • 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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