{"id":8607,"date":"2022-12-06T12:58:16","date_gmt":"2022-12-06T11:58:16","guid":{"rendered":"https:\/\/www.onlineprocurement.com\/supporto-e-assistenza\/inflation-proof-supply-chain-with-smart-proactive-spend-management\/"},"modified":"2025-12-23T16:59:52","modified_gmt":"2025-12-23T15:59:52","slug":"inflation-proof-supply-chain-smart-spend-management","status":"publish","type":"post","link":"https:\/\/www.onlineprocurement.com\/en\/trend-insights-e-procurement\/inflation-proof-supply-chain-smart-spend-management\/","title":{"rendered":"Inflation-proof supply chain with smart, proactive spend management"},"content":{"rendered":"

Inflation-proof supply chain with smart, proactive spend management<\/h1><\/div>
\"passive-invoicing-management-companies\"<\/span><\/div><\/div><\/div><\/div><\/div>

According to a survey conducted this year by Conflavoro PMI (Italian SMEs Association), more than 80 percent of Italian companies have already implemented measures to combat inflation<\/strong>, especially regarding rising energy and raw material prices: in addition to increasing costs for the end consumer by between 15 percent and 60 percent, with noticeable effects on purchasing power, 65 percent of companies have already taken steps to reduce their costs, while 20 percent have had to resort to staff cuts.<\/p>\n

When inflation comes to threaten a company\u2019s financial health, and access to credit lines is reduced, it is crucial to have a clear and comprehensive view of spending<\/strong> to better plan for available cash and make informed decisions based on objective data.<\/p>\n

No two companies are the same, but all of them can proactively address rising costs<\/strong> by optimizing the management of their liability cycle<\/strong>, where digitization and automation play a major role. So, let\u2019s take a look at how best to manage supplier-related accounting, and what the benefits are for companies.<\/p>\n<\/div>

e-Invoices, processing becomes “touchless” with Invoice Management<\/h2><\/div>

With Invoice Management<\/u><\/strong><\/a>, the Online Procurement suite enables the management of purchasing processes from scheduling to the final stage, i.e., invoice receipt, reconciliation with the order, and payment management. With intelligent, digital workflows and automation, all passive accounting becomes touchless, resulting in immediate cost and error reductions.<\/p>\n

With Online Procurement, the entire invoice lifecycle is transparent<\/strong>, broken down into stages that are always visible and tracked by the system, during which all figures involved will have immediate access to up-to-date documentation and data.<\/p>\n<\/div><\/div><\/div>