hello. curious how small companies handle the procurement of service contracts i.e. consultants. we have two processes running in parallel: 1. contract negotation -- our corporate dev team handles this and contracts are signed by officers of the company 2. procurement process -- contracts are required to be entered into our PO system to notify finance of the commitment and to ensure approval meets dollar threshold limits often one will happen without the other, contracts can be signed and entered into the PO system, but not stored by corp dev. or the other will happen, contracts are executed but finance does not find out about them until the first invoice is due. anyone experience something similar or have a process/feedback they can share? we aren't a large team so need to make use of resources available. thank you!
