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For growing companies, there’s nothing worse than a cash-flow shortage when business is booming. While most organizations watch revenue and direct spend closely, their bottom lines are being siphoned by the increasing volume and cost of indirect expenditures.
Indirect spend is the myriad goods and services your company must purchase that aren’t directly incorporated into your product – everything from small office supply orders to expensive vendor contracts. Recognizing the need to reign in maverick spending, prevent contract leakage, and optimize the req-to-check process is mission-critical.
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