Procol Knowledge Base
What is source to pay (S2P)? Process, definition & tools (2026)
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February 23, 2026
Last update: February 23, 2026
Top 22 spend management KPIs to optimize procurement in 2026
Today’s business world has moved from just ‘buying’ to ‘managing spend’...
What is supplier diversity and why is it important?
In the modern corporate competitive world, where both market resilience and...
Top 10 accounts payable automation software in 2026: ratings & features
Managing accounts payable manually might seem simple when your business is...
A complete guide to spend analysis in procurement: Benefits & key stages
In today’s business world, understanding where your money goes is as...
eSourcing strategy: Maximizing savings & efficiency in procurement
The procurement function is a central pillar of success, continuously managing...
Supplier relationship management strategies : The complete guide
In today’s complex business environment, successful operations depend heavily on strong,...
Understanding auction bidding strategy in 2026
An auction bidding strategy includes preparing a budget, bidding strategically, and...
Procurement stakeholders: identification, engagement & management
When you’re leading a procurement project, you’re responsible for every decision,...
What is spend management? | Importance & best practices
If you’ve ever looked at your company’s monthly expenses and wondered...
Strategies, benefits, and best practices of blockchain in procurement
Blockchain in procurement entails a decentralized and immutable digital ledger that...
Streamline your sourcing process with eRFx software
Organizations are embracing tools for digital procurement, such as eRFx, to...
Vendor risk management (VRM): A complete guide 2026
Vendor risk management is important for creating resilient and effective supply...
