Why Spend Management and ERP don’t go hand in hand
Spend management is administering how to use your money effectively to get products and services. It involves procurement, e-procurement, outsourcing and supply management. ERP is Enterprise resource planning it is software that manages business process management through technology. This software is responsible for services such as human resources, technology, and services. Therefore spend management relies mostly on human logic while ERP relies heavily on automated computer technology. Spend management is often termed as spend analysis. Although the latter is an integral part of the former that involves classifying, collecting, analyzing expenditure and data in addition to cleansing data, it is […]
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