Control Indirect Spend and Create Greater Competitive Advantage
McLean, Va., October 14, 2015 — Managing indirect spend is increasingly becoming a priority for well-managed business operations. Corcentric™, a provider of cloud-based financial process automation solutions, today announced it will host its latest Accounts Payable automation webinar “The Benefits of Indirect Spend Management,” on Wednesday, Oct. 21, 2015, at 2:00pm ET/11:00am PT. This free, live event will provide finance and procurement professionals with the latest information on best practices. The goal is to help them control their indirect spend, which is the cost of goods and services that organizations require to support daily in-house business needs.
Indirect spend, also known as tail spend, is often an overlooked issue for financial professionals. According to research conducted by Proactis in 2012, “For the average company, a 5% savings on tail spend can be the equivalent of a 10% increase in profit.” Corcentric’s upcoming Webinar will explain the current environment and provide real-world examples of how automating indirect spend processes can result in significant cost reduction.
“Better indirect spend management means smarter processes, visibility, control, managed supplier relationship, and better prices for organizations of all sizes,” said Jim Wright, vice president of sales at Corcentric and host of the October webinar. “Companies looking to reduce costs, improve efficiency, and maximize profitability can clearly benefit from the latest technology innovations for the indirect spend lifecycle.”
For more information on the Webinar, including registration information, please visit https://corcentric.com/resources/live-webinar-the-benefits-of-indirect-spend-management
Corcentric, a wholly-owned subsidiary of AmeriQuest Business Services, LLC, provides cloud-based financial process automation solutions that have revolutionized how the world’s largest organizations manage and protect their financial assets. By connecting best practices with deep expertise, Corcentric’s Accounts Payable and Accounts Receivable automation solutions enable organizations to reduce costs, streamline processes, and provide unmatched visibility executives need to make critical business decisions. For more information, visit corcentric.com.