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Spend management Stories - Page 11

UK Stories

Spend management stories

UK businesses embrace Gen AI in procurement for efficiency gains
Digital Transformation

UK businesses embrace Gen AI in procurement for efficiency gains

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

By Shannon Williams • 3 min read • Tue, 16th Jul 2024
One-third of UK businesses hit by invoice fraud in past year
Supply Chain

One-third of UK businesses hit by invoice fraud in past year

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

By Shannon Williams • 4 min read • Fri, 21st Jun 2024
Ivalua to enhance NCC Sweden's supply chain risk management
Supply Chain

Ivalua to enhance NCC Sweden's supply chain risk management

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

By Kaleah Salmon • 3 min read • Wed, 29th May 2024
Payhawk to boost London workforce by 44% following revenue spike
Data Protection

Payhawk to boost London workforce by 44% following revenue spike

UK fintech company Payhawk aims to expand its London team by 44% following a successful year and the acquisition of its UK EMI Licence.

By Kaleah Salmon • 3 min read • Fri, 8th Mar 2024

Global Stories

Spend management stories

Extend unveils Bill Pay to streamline invoice payments
Fintech

Extend unveils Bill Pay to streamline invoice payments

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

By Catherine Knowles • 2 min read • Thu, 31st Oct 2024
Unimarket & VendorPanel announce strategic merger
Spend management

Unimarket & VendorPanel announce strategic merger

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

By Kaleah Salmon • 2 min read • Wed, 16th Oct 2024
Payhawk unveils 15+ features to enhance corporate spend control
Productivity

Payhawk unveils 15+ features to enhance corporate spend control

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

By Kaleah Salmon • 3 min read • Fri, 13th Sep 2024
AI-driven sourcing cuts costs by 20% for Global 2000 firms
Artificial Intelligence

AI-driven sourcing cuts costs by 20% for Global 2000 firms

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

By Shannon Williams • 3 min read • Fri, 12th Jul 2024
Ivalua unveils new tool for external workforce management
DevOps

Ivalua unveils new tool for external workforce management

Ivalua has launched its External Workforce Management solution, designed to streamline the management of external talent and costs within its Source-to-Pay platform.

By Catherine Knowles • 2 min read • Wed, 26th Jun 2024
UK businesses see 449% rise in AI spending with ChatGPT leading
Fintech

UK businesses see 449% rise in AI spending with ChatGPT leading

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

By Shannon Williams • 3 min read • Fri, 7th Jun 2024
Ivalua & Visa team up to unlock GBP £400 billion liquidity
Marketing Technologies

Ivalua & Visa team up to unlock GBP £400 billion liquidity

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

By Shannon Williams • 3 min read • Fri, 31st May 2024
Exclusive: How Portt is seeing the procurement landscape evolve
EduTech

Exclusive: How Portt is seeing the procurement landscape evolve

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

By Tom Raynel • 3 min read • Mon, 15th Apr 2024
Moss & Deel announce partnership to transform SMB finance & HR
Small Business

Moss & Deel announce partnership to transform SMB finance & HR

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.

By Shannon Williams • 3 min read • Fri, 12th Apr 2024
Four key factors procurement teams face that affect business success
Partner Programmes

Four key factors procurement teams face that affect business success

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

By Silverio Governo • 5 min read • Thu, 11th Apr 2024
Extend launches 'team budgets' to boost autonomy & secure expenses
Autonomy

Extend launches 'team budgets' to boost autonomy & secure expenses

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

By Catherine Knowles • 3 min read • Mon, 1st Apr 2024
Accenture recognises Ivalua as leading solution in direct materials
Supply Chain

Accenture recognises Ivalua as leading solution in direct materials

Accenture has identified Ivalua as a leading provider in the direct materials sector, highlighting the promise of its spend management solution to bolster supply chain resilience.

By Kaleah Salmon • 3 min read • Thu, 14th Mar 2024
Managing indirect spend effectively through invoice automation
Fintech

Managing indirect spend effectively through invoice automation

By taking steps to better manage indirect spend more effectively through invoice automation, companies can ensure that their operations and workflows are optimised.

By Jonathan Beeby • 4 min read • Wed, 6th Dec 2023
Using data insights more effectively to manage cashflow and guide better decision-making
Enterprise Resource Planning

Using data insights more effectively to manage cashflow and guide better decision-making

Organisations that implement spend management technology sooner rather than later will find themselves in a stronger position to weather an economic storm.

By Jonathan Beeby • 3 min read • Tue, 7th Nov 2023