Spend management stories

New research from Soldo reveals that 88% of UK finance leaders believe limited employee access to budgets is stunting business growth and productivity.

Middlebank Consulting Group and SimPPLY have formed a partnership to enhance supply chain visibility, aiming to cut third-party costs by up to 15%.

AccountsIQ has acquired ExpenseIn, enhancing its cloud-based offerings and boosting its customer base to over 350,000 users across 40 countries.

GetYourGuide has increased sales by 14% after streamlining its financial processes using Soldo's spend management platform, boosting operational efficiency.

For the third consecutive year, Workday has been named a Leader in the 2024 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises.

Extend has launched its Bill Pay feature, allowing businesses to settle invoices securely using virtual cards, enhancing accounts payable processes.

Unimarket and VendorPanel have merged to enhance procurement solutions, targeting an annual global spending of USD $13 trillion in the sector.

Payhawk's 'Fall Edition' introduces over 15 new features aimed at boosting spend transparency and accountability, addressing key pain points for financial leaders.

Ascertus has partnered with Lawcadia to enhance matter and spend management for corporate legal departments, solidifying their portfolio with innovative solutions.

Almost 25% of UK firms have adopted Generative AI in procurement, cutting manual tasks by 44%, reveals Ivalua research. Future efficiency gains are projected.

AI-driven procurement by Globality and HFS Research shows Global 2000 firms boosting productivity by 70% and cutting costs by 20%, enhancing efficiency.

Ivalua has unveiled its External Workforce Management solution, promising seamless integration within its Source-to-Pay platform to optimise talent selection, costs, and risk management.

Nearly a third of UK businesses fell victim to invoice fraud in the past year, with only 39% preventing fraudulent payments.

UK businesses have ramped up their AI spending by 449% in Q1 2024, with 63% of investments directed at OpenAI's ChatGPT.

Ivalua has partnered with Visa to unleash £400 billion in trapped supply chain liquidity, enhancing global corporate card use and improving cash flow.

Ivalua to digitise NCC Sweden’s supply chain with advanced risk and performance management, aiming to curb annual revenue losses of up to 15%.

Silvério Governo of Portt discusses the company's innovative approach to procurement and spend management, addressing sector-specific challenges and leveraging technology.

Moss has formed a strategic alliance with HR platform Deel, in a bid to make finance and HR operations for SMBs more automated and efficient.

Procurement teams face challenges of compliance, supply chain risk, savings focus and securing approval for technology investments, impacting an organisation's business success.

Extend unveils 'team budgets', a novel feature designed to enhance spend regulation, secure transactions and foster autonomy amongst finance leaders on its platform.