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How to Spend Too Much for Stuff You Don–t Need

Oh, you–re doing that already? And you–re wasting time managing accounts payable every day, tracking down approvals for purchases you don–t understand? Here–s how small companies can tackle purchasing inefficiencies.

August 9, 2012

Mark Verbeck, like many CFOs, was starting to feel like the bad guy, the guy who always said no.

When he started working at Blade Network Technologies as CFO in 2008, the company, which makes networking software that lives inside blade servers, was a 50-person operation. Like many smaller businesses, it relied on tribal knowledge to manage its spending: everyone knew (or believed they knew) what everyone else was doing, and when anyone bought anything, everyone knew (or thought they knew) whether it made business sense. Read more...

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