Among the many ways Corcentric can assist you in improving your overall spend management approach, the first – and most important – step is to identify all the sources and expenses around your direct and indirect spend. The aforementioned spend management digital technology will make this process much faster, easier, and comprehensive, as it entails collating and analyzing all the elements related to your spend: POs (purchase orders), receipt reports, vendor and supplier invoices, and supplier payment information. With these insights in hand, you will have a leverageable roadmap to reformulating and/or optimizing your approach to spend management.