Procurement blog: guides for finance and purchasing teams
Practical guides on purchase orders, approvals, invoice matching and running procurement in a mid-size company, written for controllers, CFOs and purchasing managers.
Purchase order vs invoice: what each document does
The difference between the two documents, when each one is created, and why finance needs both to pay the right amount.
The procure to pay process, step by step
Every stage from purchase request to payment, as it runs in a company of about 200 people.
Purchase approval workflow: setting thresholds by amount and department
How to design an approval matrix that controls spend without slowing everyone down.
Three way match explained, with a worked example
How the PO, the receipt and the invoice are compared, and how to set tolerance rules.
Purchase requisition vs purchase order: when you need each
What a requisition is for, what a PO is for, and where one turns into the other.
How to choose procurement software for a mid-size company
A buyer's checklist for comparing procurement tools on fit, setup, pricing model and integrations.