$25M lost per year & the vendor contract gap with VendorTel CEO Steen Blicher

from Bits and Bolts With Paulina · host Paulina Dubas

Most companies think their vendor contracts are under control. They're not.Steen Steensen Blicher, CEO and co-founder of VendorTel, breaks down the silent financial leak hiding in plain sight. 2 to 5% of total supplier spend lost every year because nobody connects contract terms to real transaction data.In this episode: why a signed contract is not the same as earned money, how AI unlocks vendor management without replacing the human decisions that matter, and the one 30-minute audit every procurement team should run this week.

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This episode was published on June 28, 2026.

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