Accounting & Tax

The Impact of Indirect Spend on Working Capital

There are a number of telltale signs that the inability to effectively manage indirect spend is impacting your organization’s working capital management, but among the most disconcerting is not knowing how much is being spent and having an incomplete forecast of future outlays.

Even at companies with tight controls over their indirect spend, there will inevitably be expenses that bypass the normal procurement process. These “hidden” expenses often require more resources to process, as they are less likely to rely on digitized documentation that allows for greater accuracy and agility with suppliers and vendors.

Download this white paper to explore ways to improve working capital efficiency.