How to Control Maverick Spending Through a Proactive Spend Culture
Using Change Management Strategies and Dynamic Purchasing Approvals to Ensure Purchasing Compliance
Air Date & Time
Thursday, March 28, 2019 2:00 PM
When it comes to purchasing, every procurement team will tell you that one of the greatest challenges of their job is ensuring compliance across their organization when it comes to purchasing rules, spend policies, and budgets. Without the proper controls in place, organizations can lose hundreds of thousands of dollars a year in maverick spend and high processing costs.
High levels of rogue spend can be a sign of an unhealthy Spend Culture. It is often caused by a lack of internal controls and approval processes, non-compliant employees, and if organizations aren’t using the right systems and technological tools. Even with the proper eProcurement tool, the system is only as strong as its utilization, and some companies fear they won’t gain high enough adoption of a software to truly centralize and control spend activity.
Join Levvel Research and Spend Culture experts, Procurify, as we explore how to use a mix of change management strategies and technology to reduce maverick spend. This webinar will offer insights into the ways North American organizations are currently managing their spend, and will provide key best practices for implementing better controls within your own organization. It will also offer key best practices for ensuring high user adoption of an eProcurement tool, and ultimately, higher ROI from the technology.
Start Time: 11am PST / 2pm EST
Attendees of This Webinar Will Learn About:
- Trends in procurement management among North American organizations
- Strategies or implementing better purchasing controls within your own organization
- Best practices for ensuring high user adoption of an eProcurement tool
Who Should Attend?
- Procurement and Back-Office Finance Professionals
- Finance Directors
Advanced Preparation: None
Delivery Method: Group internet based
Accreditation: Webinar participants can earn 1 CPE credit in Management Services.
Prerequisites: Previous experience in finance or procurement
Cancellation Policy: Levvel Research (formerly PayStream Advisors) may at its discretion cancel or replace a previously announced program with a program of similar content. We will make every effort to provide sufficient notification of such change. For more information regarding complaint and/or program cancellation policies, please email us at firstname.lastname@example.org
Refund Policy: No fee charge
Levvel Research (formerly PayStream Advisors) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Director of Research Operations, Levvel
Anna Barnett is an expert in several facets of financial automation software, including eProcurement, Sourcing, Contract Management, Human Resources Management, eInvoicing, and Invoice Workflow. She is also experienced in the organizational procedures and application of software in several specific industries, including Healthcare, Higher Education, and Non-profit institutions. Anna has extensive experience in research-based analytical writing and editing, as well as sales and marketing experience. She is currently a market research analyst, writer, and assisting software expert for PayStream Advisors.
Head of Strategic Business Development, Procurify
Robert Williams is the current Head of Strategic Business Development at Procurify. Robert has over 10 years of experience in software consultancy and finance and accounting strategy, he has helped multi-million dollar companies implement better controls and financial processes through technology and cultivate healthier Spend Cultures. Prior to Procurify, Robert worked as an accountant at KPMG and led efficiency and compliance initiatives as a CFO for non-profits and charities. Robert is excited to share his passion and expertise with the audience on moving towards a proactive Spend Culture.