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No matter the industry, managing spending is always a fundamental focus for any executive team, and nothing impacts spend as much as variation in the purchase price of goods and services. Purchase price variance (PPV) is one of the key metrics – arguably the most important metric – used by procurement teams to measure the variation in the price of purchased goods and services. It is a prime measure of how effective the procurement team...

This Paystream report explains the challenges in requisition, ordering, and payment for indirect procurement. Advanced indirect procurement platform technologies, including catalogs, order management, supplier management, payment, reconciliation, and spend analysis are covered. Read the report to find out how purchase-to-pay (P2P) automation can help your organization. What you’ll learn: Indirect spend process trends in the current market The features and benefits to look for in a P2P software The steps you should take when adopting...