Reducing Indirect Spending Through Effective Procurement Management with Matthew Smith

Indirect spending might include everything from office supplies and utilities to marketing and IT services. Managing it is a vital part of the procurement process, as it accounts for a significant share of your company's overall spending. Though it sounds simple, managing indirect spend and procurement processes is challenging. That is why we asked for help from Matthew Smith, Executive Vice President and CFO of Fine Tune. Matt has over twenty years of extensive executive experience outside of Fine Tune as CFO of Soteria Imaging Services, Executive Vice President and CFO at Cobalt Ventures & Blue, and Executive Vice President at indiGO Auto Group. During those years, Matt was instrumental in helping these companies grow from promising startups to successful businesses. In this episode, we discuss: -Why should CFOs care about the "good contract bad deal" phenomenon? -How do collaboration and communication between procurement, finance, and other departments play a role in achieving true expense management? -What role do software, data, and analytics play in decision-making and optimizing procurement processes? -What does the future of procurement look like? Presented by Personiv https://insights.personiv.com/cfo-weekly

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