Practical tips for procurement and finance
Managing nonprofit purchases is hard enough. But when you’re juggling multiple grant budgets and strict compliance requirements? Most nonprofits waste hours tracking expenses, risking grant violations, and struggling to match purchases with the right funding sources. Your team scrambles to figure out which grant can cover which expense. Donors demand detailed spending reports, but your… Continue reading How To Implement A Purchasing System For Nonprofit Organizations
Managing nonprofit purchases is hard enough. But when you’re juggling multiple grant budgets and strict compliance requirements? Most nonprofits waste hours tracking expenses, risking grant violations, and struggling to match purchases with the right funding sources. Your team scrambles to figure out which grant can cover which expense. Donors demand detailed spending reports, but your… Continue reading How To Implement A Purchasing System For Nonprofit Organizations
If you’re a lab manager or finance leader at a life sciences company, you know the challenges of managing purchase orders without a streamlined system. Juggling POs across multiple tools—or worse, spreadsheets—can feel chaotic and unproductive. A tailored PO system for life science companies can eliminate the frustration, allowing scientists to focus on groundbreaking research… Continue reading PO System For Life Sciences Companies
Traditional AP processes are slow, error-prone, and costly for many businesses. Tracking, processing, and filing paper invoices can consume valuable time and resources, leaving AP teams struggling to keep up. With paperless accounts payable, you can improve the efficiency of your Accounts payable team and cut your processing time by more than 50%. With accounts… Continue reading Paperless Accounts Payable: Your Answer to Missing Invoice Headaches
Introduction Are you confused about the difference between indirect and direct purchasing? If so, you’re not alone. A lot of businesses find it tricky too. But we’re here to help you out! In this blog post, we will explain the differences between direct and indirect purchasing in the simplest way. Aside from that, we’ll give… Continue reading Direct Vs. Indirect Procurement
Are the departments staying within the allocated budgets? Do you always know whether any department will go over budget before purchasing? Or you might be a not-for-profit and worried if you have sufficient grant funding to do what you do. Do you have to wait for the month-end to see if you are over or… Continue reading How To Use Purchase Approvals For Budget Management
Are you tired of the manual purchasing process and looking to automate purchasing using a purchasing system? If you don’t have a purchasing system, you are probably creating the purchase orders manually. Employees are filling up paper purchase request forms, or if you are more advanced, you probably use Google Forms. You are probably struggling… Continue reading Purchasing System Options For Growing Companies
If you’re a QuickBooks user (Desktop or Online version) inside or outside the United States struggling to scale your current procurement process- you’re not alone. Before using ProcureDesk, many of our customers had a common problem – they were all struggling with scaling a manual purchasing process and were looking for ways to make the procurement/purchasing… Continue reading 5 Steps to Purchasing Automation for QuickBooks
Is your team still using Spreadsheets for creating and tracking purchasing orders? Most Biotech or Pharma companies start their purchasing process with emails and spreadsheets. In the beginning, there are only a few scientists, and then the lab grows, and you need to purchase more lab supplies and capital equipment to run the experiments. At… Continue reading How To Order Lab Supplies: Without Spreadsheets And Emails
CFOs of growing companies often worry about compliance and preventing fraud. Preventing procurement fraud might not be the top priority for many growing companies, but it should be top of mind. Procurement controls are a must to prevent fraud. If you think Company is immune to these problems, think again. If you don’t have strong… Continue reading Procurement Fraud Understanding its Impact on Company Evolution, Prevention, and Real-life Examples
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