Hubler Blogs

Our guide will help you explore the secrets to efficient procure-to-pay processes. Learn how to optimize and ensure accurate payments and reconciliations.

Discover best practices and tools for effective invoice management in the procure-to-pay cycle. Streamline your processes and enhance AP efficiency.

Discover how procurement software can be customized to meet your unique business needs. Explore customization options to enhance efficiency and streamline processes.

Streamline your goods and services procurement with our guide. Discover solutions for order clarity, negotiation, vendor selection, and cost transparency.

Explore the various procurement systems and software that Procurement teams can use to control costs, manage suppliers, and simplify operations.

Discover the critical role of procurement in supply chain management. Learn what this phase involves, its impact, and the goals in this blog.

Procurement contracting entails the operations involved in negotiating and drafting legally enforceable agreements among suppliers and contractors as part of project management. In this holistic guide, we discuss several critical elements associated with the term procurement contracting.

A vendor who has been inspected and authorized by an organization gets referred to as a preferred vendor in that company. Here's a comprehensive guide covering what is a preferred vendor, the significance of preferred vendor contracts, and the top qualities to look for while selecting one.

Centralized purchasing is a purchasing system in which all of the branches of a company situated worldwide can make purchases through a single organization that handles all of the company's purchasing requirements. In this article know what it is and what are its benefits.

Invoice approval refers to the procedure by which an organization verifies and authorizes supplier invoices for payment. Here's an extensive guide that covers several critical aspects of this process.

A purchase order (PO) is a formal document between a buyer and a supplier created when an order for goods/services is being placed. Find out what other incredible benefits a PO system can offer your small business in this article.

An invoice is a legal accounting document issued by a vendor to their customer, outlining the products/services provided to them by the vendor. A bill is an accounting document that reminds customers who are receiving the products/services that they have to pay a certain amount to the supplier.

When an organization's ability to deliver products and services to its clients and customers gets threatened by challenges posed on the suppliers' end, such as a security breach or an operational breakdown, the company engages in Supplier Risk Management (SRM).

A purchase order can be understood as a legally binding document for the buyer as well as the seller. The PO number, i.e., the purchase order number mentioned on each purchase order, allows both buyer and seller to identify each purchase and maintain their accounts smoothly.

Procurement contracts are documents that legally bind the buyer and the seller. In this article, learn what it is, what it contains, what are it's different types, and what are its benefits.

Purchase orders are formal documents that outline the list of items a buyer intends to purchase from a vendor. Invoices are formal documents raised by a vendor toward their buyer requesting the release of payment for the goods and services rendered.

Material procurement refers to the steps involved in discovering, evaluating, procuring, and purchasing the raw materials required for product development or delivery of a service. In this article we find, effective tips for material procurement, along with its importance, types and definition.

A procurement KPI, i.e., key performance indicator, monitors whether the activities your business is doing are sufficient to reach the goal you aimed for. Get to know the definition and types of procurement along with definition and 10 important procurement KPI's, in this article.

3-way matching is the comprehensive procedure of checking goods receipt notes, purchase orders (PO), and the vendor's invoice to limit fraud, save funds, and keep satisfactory documents for the audit trail. Learn what are its benefits, its different components, and how Hubler can help you with it.

The requisition number refers to a unique system-generated digit that helps procurement managers track the requested goods and services with a full audit trail. In this article, learn about purchase requisition, purchase requisition number, and purchase requisition form,

In this article, learn everything there is to know about supply chain and procurement and how are they different from each other.

Procurement and purchase may sound similar but are quite different. In this article, learn what the steps involved are, and how are they different with examples.

A purchase order is the approval of an order sent by a buyer to the supplier of goods/services. Learn what the steps involved are, what are its benefits, and how Hubler can help you with this.

Discover the dissimilarity between Direct and Indirect Procurement, from their functions to impact on business operations. Gain valuable insights now!

A procurement system is the automation tool/platform used by the business for purchasing and inventory management processes. Learn what are its benefits and what features to look for in a procurement system.

The terms sourcing and procurement can be used interchangeably, but they are quite different. This article explains how both processes differ and the steps involved in them.

Source-to-pay, commonly known as S2P, is a process that starts with finding, bargaining with, and dealing with a product supplier and finishes with receiving the final payment for those products

Procurement management is an approach businesses use to manage, monitor, and optimize the expenses on goods and services. Learn the steps, why you need them, and why you should automate them.

The purchase cycle refers to the overall process of processing a purchase order from start to end. Learn what the steps are and also what are the challenges.

A purchase order cycle is a process of verifying and processing a purchase order. Learn the steps involved and why you should automate it.

Spot buy is something your company does in response to a need that arises at the moment and cannot be put off for later. Learn when spot buying happens and when it's ideal.

Strategic sourcing is a process to purchase the best possible products and services for optimal value. Learn the benefits and process involved in strategic sourcing

GRN is a document that confirms the goods are delivered to the customer by the supplier. In this article, learn what a GRN is and why to use it.

Vendor selection involves a multitude of steps to identify the requirement, select a budget, and evaluate which vendor is capable of delivering those services. In this article, learn what you should look for in a vendor when selecting them.

A procurement strategy is a process of how the procurement manager handles the procurement of materials or supplies. In this article, know the steps in building a solid procurement strategy.

6 incredibly important features and capabilities to look for while shopping for your team's next Vendor Management Automation Software.

In this blog post, we explain what vendor management is and what a vendor management process looks like. We also talk about a key challenge that VMs face in their careers, and how they can overcome this challenge to grow into Vendor Management leaders at their company.