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",{"type":117,"attrs":182,"content":184},{"textAlign":25,"key":183},"p-2",[185],{"text":186,"type":123},"For CFOs, the answer depends on how purchasing works across the business. A simple process can suit a small team but as more people buy from more suppliers, finance needs a reliable way to see and approve commitments before invoices arrive.",{"type":188,"attrs":189,"content":191},"heading",{"level":190,"textAlign":25},2,[192],{"text":193,"type":123},"Key takeaways",{"type":195,"content":196},"bullet_list",[197,206,214],{"type":198,"content":199},"list_item",[200],{"type":117,"attrs":201,"content":203},{"textAlign":25,"key":202},"p-3",[204],{"text":205,"type":123},"64% of surveyed finance leaders have no dedicated procurement tool, but that does not necessarily mean they lack purchasing controls.",{"type":198,"content":207},[208],{"type":117,"attrs":209,"content":211},{"textAlign":25,"key":210},"p-4",[212],{"text":213,"type":123},"Review procurement when finance discovers purchases too late, approvals stall or supplier and contract records become difficult to find.",{"type":198,"content":215},[216],{"type":117,"attrs":217,"content":219},{"textAlign":25,"key":218},"p-5",[220],{"text":221,"type":123},"Choose software around your process gaps, prioritising clear approvals, visibility into committed spend and an experience employees can easily follow.",{"type":188,"attrs":223},{"level":190,"textAlign":25},{"type":188,"attrs":225,"content":226},{"level":190,"textAlign":25},[227],{"text":228,"type":123},"Why do businesses manage purchasing without procurement software?",{"type":117,"attrs":230,"content":231},{"textAlign":25,"key":119},[232],{"text":233,"type":123},"CFO Connect surveyed 215 finance leaders in June and July 2026 for its Top CFO Tools Report 2026. 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",{"type":117,"attrs":240,"content":241},{"textAlign":25,"key":183},[242],{"text":243,"type":123},"The following are possible explanations, rather than reasons established by the survey.",{"type":188,"attrs":245,"content":247},{"level":246,"textAlign":25},3,[248],{"text":249,"type":123},"Purchasing is still straightforward",{"type":117,"attrs":251,"content":252},{"textAlign":25,"key":202},[253],{"text":254,"type":123},"When a handful of people make most purchases, finance may be able to review requests directly. The process can keep supplier and approval records manageable while preserving budget oversight. CFO Connect identifies smaller businesses as particularly likely to operate without a procurement tool. For smaller businesses with fewer buyers and suppliers, a simple purchasing process may be enough. As those numbers grow, dedicated procurement software can become more useful.",{"type":188,"attrs":256,"content":257},{"level":246,"textAlign":25},[258],{"text":259,"type":123},"Existing systems cover some of the process",{"type":117,"attrs":261,"content":262},{"textAlign":25,"key":210},[263],{"text":264,"type":123},"An accounting platform may record purchase orders, while a spend management system handles payments and approvals. A business may feel it has enough coverage without adding another tool. The question is whether those systems share the information finance needs. 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