Defeating Dark Purchasing
Take back control with a strategic, digital approach to procurement.
What the white paper covers:
Dark purchasing, the inability to track where a company’s expenditures are going, is a very real and damaging aspect of most indirect procurement processes. A strong approach to managing this phenomenon can save your business up to 25 percent.
Too many procurement professionals — over half of respondents to an industry survey—purchase supplies for their organization on their own, either through approved vendors or by buying and then filing an expense report. This “non-PO practice” is just one reason why dark purchasing is able to thrive in any business environment.
What you will learn:
- How to clearly identify and assign procurement responsibilities
- How automated solutions help accelerate payments, shrink DSO and reduce bad debt
- Why procurement and AP must become strategic partners