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Buying for a college or university rarely looks like buying for a typical business. A single purchase might touch a research grant, a facilities budget, and three separate approval chains before it's done. Many schools are still trying to manage all of that through email, spreadsheets, and disconnected systems, and it can seriously impact your procurement. In fact, institutions that modernize their sourcing and procurement can cut costs by 15% to 25%, according to an E&I gui

External spending typically accounts for 50% to 80% of a company's cost base, yet many businesses still manage purchasing through email threads, spreadsheets, and disconnected documents. The costs aren't always easy to spot, either. Employees lose time chasing approvals, finance gets invoices that don't match any purchase orders, and managers only find out about a budget problem after the money's already been spent. This guide answers a practical question: how can procurement

Some of the top-performing procurement organizations now spend almost a quarter of their budgets on technology, according to Deloitte. But a larger software budget doesn’t always make purchasing simpler. A platform can have an impressive list of functions and still leave people chasing approvals, re-entering order details, or checking budgets in a separate spreadsheet. That’s why it helps to understand the top features to look for in purchasing automation tools before compari

Government grants have been and continue to be an important part of funding healthcare and other research and development in the US. There are many benefits to receiving government grant funding, but accepting funds comes with responsibilities. We recently had the chance to speak with Kinman Tong, principal at Baker Tilly , to discuss the current landscape of federal grant funding and what recipients need to know. “There are a lot of changes happening in the federal grant sp

For businesses to succeed, they must make the most of their resources. One practical way to do this is by implementing an effective procure-to-pay (P2P) process. We recently sat down with Ryan Ollivier, principal at Baker Tilly, to discuss the P2P process and how businesses can use it to achieve greater success. "Businesses with good procure-to-pay processes can operate more efficiently, cut down on maverick spending, and get better pricing from their vendors. They’re also be

In the evolving field of procurement, staying ahead of the curve means not only adopting best practices but also measuring success effectively. Measuring success effectively helps organizations find opportunities to reduce costs, increase efficiency and make better decisions. In a recent discussion, Marisa Brown, Senior Principal Research Lead for Supply Chain Management at APQC, emphasized how organizations benefit from using performance measures. “One of the things we fi