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

E78 Partners

Establish Vendor Management Protocols : CFOs should establish clear vendor management protocols, including thorough due diligence, contract negotiation, and performance evaluation. CFOs should foster a culture of financial responsibility and engage stakeholders in cost reduction initiatives and process improvements.

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Candex Raises VC To Help Businesses Pay For Gig Services With Blockchain

PYMNTS

The rise of the gig economy means companies can access a wide array of vendors, but an increasing volume of suppliers can lead to complications in the accounts payable department, the company explained, adding that the average large enterprise sees 90 percent of service vendors accounting for just 5 percent of overall spend.

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Even Fleet Saw Some Action From B2B FinTech Investors

PYMNTS

Accrualify provides procure-to-pay solutions, including vendor management, accounting, spend management and other features, looking to fill gaps left by other P2P solutions. The firm provides add-on services, including invoice automation, payments, purchase order management and accrual management.

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How a CFO Selects and Manages Vendor Relationships Using the 3 P’s

CFO Selections

Among a CFO’s many duties is selecting and managing the company’s key vendors. Typically, these include banks and other capital providers, investment advisors, key software vendors, insurers, benefits and retirement services brokers, HR/payroll service providers, and audit and tax experts.

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