The processes you use to order merchandise for your company are vital to control risks, prevent fraud, ensure maximum savings and maintain regulatory requirements. You should develop a checklist to ...

Eldar Tuvey, is CEO and cofounder of Vertice, a spend optimization platform that saves companies up to 25% on their SaaS and cloud costs. The turbulence of recent years has underscored the critical ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

A crucial part of the University’s Procurement Card program is the ongoing auditing feature. Virtual audits are conducted on an annual basis. This ensures that all cards are used for authorized ...

Getting the right materials at the right time and price is incredibly important for any successful business. Material procurement affects everything from product quality to company profits. Smart ...

A new state audit of Worcester County Public Schools has identified several financial oversight concerns, including allegedly ...

PANAMA — State officials say Panama Central School needs to tighten its procurement policies. An audit from the state Comptroller’s Office found school officials did not always comply with the ...

The past year’s economic volatility forced business leaders to shift strategies and reduce spending while simultaneously seeking new paths to profitability. In particular, according to a Gartner ...

A recent audit by the Oregon Secretary of State’s office shows that adoption of a statewide e-procurement system could have potentially saved more than a billion dollars if it had been in use during ...

A state audit has referred questionable procurement activity tied to a Worcester County Public Schools employee to prosecutors, while also uncovering wider lapses in financial oversight, employee ...

KINGSTON, Jamaica—A real-time audit of the Government’s Hurricane Melissa Relief Initiative has uncovered glaring weaknesses in the procurement practices at the Office of Disaster Preparedness and ...