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Maximizing Value: The Significance of Spend Management for CFOs of Private Equity Backed Companies

E78 Partners

Key Strategies for Effective Spend Management Below are proven strategies for CFOs to enhance spend management, complemented by our firsthand experiences of supporting businesses with these approaches. Before proceeding, we conducted a 6-month historical audit and uncovered $250,000 in billing errors from the supplier.

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How AR-AP Connectivity Works To Deepen Buyer-Supplier Ties

PYMNTS

Crowdz Pilots Invoice Crowdfunding. With its new platform InvoiceXchange, B2B payments and invoicing company Crowdz has begun enabling its business clients to crowdfund their unpaid invoices as an alternative to traditional trade financing products. Vroozi, Stratas Embrace Vendor Collaboration.

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Supplier Management Attracts $12M In Venture Capital

PYMNTS

SirionLabs provides multinational companies with a way to manage and analyze supplier contracts and provide auditing and other solutions with the information. “Traditional procurement technology doesn’t cut the ice; managing the vendor after signature is the order of the day.”

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Asia-Pacific’s Anti-Cash Migration Spreads To Corporates

PYMNTS

“Things like digital invoicing, virtual cards and cloud-based finance and accounting will help the bottom line of smaller businesses by enabling them to process and receive payments quickly,” he stated. “These technologies mean tighter processes and increased efficiency.” Sound familiar?

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Procurement Is Ground Zero For Cybersecurity Protection

PYMNTS

“The tools they have are to go tear up the floorboards and assess those organizations — to send out a team of people to do security audits, inspections, questionnaires. “Usually, within the banks, it’s the procurement function that’s accountable for managing vendor risk,” Clare explained.