Simone Rüschenberg on Building a Perfect Purchasing Process in Fast-Growing companies

In this interview, we talked with Simone Rüschenberg, the finance leader and founding member of the Finance Leaders League (  / financeleadersleague  , about the challenges and best practices of setting up a purchasing process in fast-growing companies.

Simone shared with Precoro her hands-on experience championing and scaling finance teams in companies such as Gorillas, HelloFresh, Tier, and Soundcloud.

Full interview outline here:

00:00 Introduction
00:57 Typical purchasing process in high-growth companies like Gorillas
01:35 Typical approval workflow in high-growth companies
02:02 How do you stay within the budget?
02:39 Typical monthly invoice volume for a high-growth company
03:02 Which departments are the biggest spenders in your experience?
03:20 What were the main pain points in the purchasing process?
03:42 Was spending volume a pain point as well?
04:02 How do you envision the perfect purchasing process for a fast-growing company?
04:30 What should a good spend management tool help you accomplish?
04:57 Would you require specific integrations?
05:13 What other features do you think are important when choosing such a tool?
05:31 Do you have any advice on effectively introducing it to end users?
06:07 Can you describe your software selection process and what led you to choose Precoro as a vendor?
06:45 Was it easy to implement and adopt Precoro?
07:25 What was important to get the team on board with using the new software?
07:45 What helped you achieve the high match rate?
08:07 Can you elaborate on the No PO - No Pay rule?
08:25 Are you satisfied with the process you've been able to build in Precoro?
09:00 What would you like to see improved in Precoro?
09:25 Did implementing Precoro improve your day-to-day job?
10:00 Summary


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