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What Is Procurement? Definition, Process, and Types

Procurement is more than buying. It's the end-to-end discipline of sourcing, contracting, purchasing, and paying for what a business needs, and where a lot of margin is quietly won or lost.

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Jun 1, 2026
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Fixed Ops Profitability: How to Turn Parts Procurement into a Revenue Stream
Commercial CardsVirtual Card

Fixed Ops Profitability: How to Turn Parts Procurement into a Revenue Stream

Boost Fixed Ops profitability by monetizing the buy side. Learn how routing parts procurement through virtual cards can increase service absorption and generate new revenue.

Bloomberg: Dollar Sinks to Lowest Level in Four Years as US Risks Grow

Bloomberg: Dollar Sinks to Lowest Level in Four Years as US Risks Grow

“Washington’s protectionist pivot and diminished security commitments are spurring other nations to boost defense expenditure and sharpen their competitive focus,..” Karl Schamotta, Corpay.

Financial Post: Canadian dollar climbs as one analyst speculates Trump is 'engineering' greenback's decline

Financial Post: Canadian dollar climbs as one analyst speculates Trump is 'engineering' greenback's decline

“There are good reasons to suspect that the Trump administration is deliberately engineering a decline in the dollar’s value on foreign exchange markets,” Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions, said in a note on Tuesday.

Bloomberg: Asian FX to Benefit Most from Trump on Dollar, Strategists say

Bloomberg: Asian FX to Benefit Most from Trump on Dollar, Strategists say

“The president’s comments suggest that recent (rumored) moves to support Japanese currency intervention — intended to raise the value of the yen......"- Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions

Pine Services Group Partners with Corpay to Expand ERP-Integrated AP Automation Across Sage, NetSuite, Microsoft and Acumatica Ecosystems
Payments Automation

Pine Services Group Partners with Corpay to Expand ERP-Integrated AP Automation Across Sage, NetSuite, Microsoft and Acumatica Ecosystems

Pine Services Group, a portfolio of prominent managed services and software companies, today announced a strategic partnership with Corpay, a global leader in business payments.

Financial Post: Donald Trump pulls another TACO in high-wire week that leaves world breathing easier — for now

Financial Post: Donald Trump pulls another TACO in high-wire week that leaves world breathing easier — for now

“Measures of implied volatility in Treasury, equity and foreign exchange markets are all coming down,” Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions, said in a note.

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