Indirect Spend Management: Six Challenges Caused by Lack of Transparency and How to Overcome Them
Given changing market conditions, cost reduction and liquidity preservation are key priorities. One area that companies tend to monitor poorly is indirect spending, as it is decentralized and not strictly controlled. But a lack of transparency around indirect spending costs you time and money and could even get your company into legal trouble. Visibility into these transactions provides the opportunity to reduce expenses without affecting the services and products employees need to increase sales.
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