Remove Banking Remove Flexibility Remove Strategic Sourcing
article thumbnail

P-Cards: What Are Corporate Purchasing Cards and How Do They Work

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Depending on the bank you use, your cards may have the Visa or Mastercard logo. Your procurement cards can be tied to a bank account or a credit card. The bank you use will determine available offers.

Banking 52
article thumbnail

How To Establish & Build Business Credit

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. You’ll need to take steps to establish credit for your LLC, starting with setting up a separate business entity, opening a business bank account, and getting an Employer Identification Number (EIN) from the IRS.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Successful Governance in Procurement

SIG Speaks

As trusted advisors, Procurement professionals need to stay agile and flexible, especially at the start to help nurture stakeholders during the change management process. . Procurement leadership would be wise to build flexible structures to adapt quickly to changing needs. .

article thumbnail

Outsourcing: Challenges, Opportunities and Best Practices

SIG Speaks

There is a high chance that was answering services of any banking, insurance, technology, and an external organization handles many more. Flexibility: Organizations are less constrained by their policies and work freely by utilizing the resources and capabilities of other providers. This will help speed up the work.

article thumbnail

Discretionary Expenses: What Are They, Examples, and How To Control Them In Business

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. These include gym memberships, team-building events, workplace wellness programs , tuition reimbursement, retirement planning, and flexible work arrangements. How to gain visibility and control of your indirect spend.

Finance 52
article thumbnail

Travel and Expense Management: What Is It, Challenges and Best Practices

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. A dedicated travel and expense software, like Planergy, will have flexibility and control to match your needs. How to gain visibility and control of your indirect spend.

article thumbnail

Supplier Management Best Practices

Planergy Software

How better management in AP can give you better flexibility for cash flow management. As you verify vendors, look for independent documentation such as bank statements and tax records. How AP can improve relationships with your key suppliers. How to capture early payment discounts and avoid late payment penalties. Download Free Copy.