Financial Services Vendor Risk Management

Thomas Kase - May 17, 2013 3:06 PM | Categories: Commentary

BB&T Punts on Ariba, Scores Touchdown with Hiperos to Tackle Compliance Headache This case study analysis is based on commentary presented by BB&T and Hiperos at the Sourcing Interests Group (SIG) spring summit in 2013. BB&T (NYSE: BBT) is a large regional bank, predominantly active in the US southeast and Texas – over 31,000 full-time employees, and close to a $20B market cap.  BB&T has used Ariba for six years and is now in the process of implementing SAP. From a financial industry perspective, there were issues with the bank’s approach to managing suppliers – and a new approach was on their drawing [...]

[More...]
 

Quirky SIG Delights: Politics and Pub Crawls

Jason Busch - May 17, 2013 2:13 PM | Categories: Commentary

I spent a day this week at the Sourcing Interests Group (SIG) spring summit in Amelia Island, Florida. It’s been at least a year since I’d been to a SIG event, and the organization has evolved significantly in that time. They have a significantly larger team and a greater focus on regional (city) efforts, plus their twice-a-year summit festivities. SIG is still “clique-y” in that it’s the conference group that feels closest knit, where active members genuinely look forward to seeing each other. But I found the group quite open and friendly to interact with. Above all, SIG is quirky. [...]

[More...]
 

Supplier Network Debate, SPM Optimization, Suppliers at the Heart of Procurement

Sheena Moore - May 17, 2013 1:28 PM

It’s the time of year at Spend Matters where if we’re not furiously writing or attending or spea...

[More...]
 

Spas Rolling Out Private Suites, Yahoo May Acquire Tumblr for $1B, Most Expensive US Hospital

Sydney Lazarus - May 17, 2013 11:33 AM

Private suites at the spa are becoming increasingly popular with those disinclined to deal with the ...

[More...]
 

Back to the Future: Spend Matters [Un]-Plugged

Jason Busch - May 17, 2013 9:09 AM

Someone on our team recently invited some tartare feedback from a long-time reader. It gave me pause...

[More...]
 

Supplier Network Transparency: Purchasing Insight Does What Ariba/SAP Should Have

Jason Busch - May 17, 2013 6:37 AM

Insurance salesmen and stockbrokers have been vilified over the years for taking advantage of uneduc...

[More...]
 

Planning a Long-Term Response to the Bangladesh Factory Fire

Peter Smith - May 16, 2013 3:01 PM

Despite the amazing story of the young woman rescued from the rubble after 17 days, the shocking dea...

[More...]
 

The Public Sector and the Cost of Resisting Change

Guest Post - May 16, 2013 1:33 PM

Spend Matters welcomes a guest post from Mark Digman, VP of product marketing and strategy at SciQue...

[More...]
 

Upcoming Webinars, Google Wallet, 101 Carat Perfect Diamond

Sheena Moore - May 16, 2013 11:44 AM

Here are some upcoming (free!) webinars that you might find interesting: 5/21/13: The Great Debate: ...

[More...]
 

Webinar: A Business and Supplier Network Smack Down

Jason Busch - May 16, 2013 9:04 AM

Join us for The Great Debate: Will Supplier Networks Thrive, Implode, or Evolve? On Tuesday, May 21 ...

[More...]
 

Tackling Tail Spend and Spot Buys (Part 2)

Jason Busch - May 16, 2013 8:10 AM

Hackett suggests that the largest opportunities for improving process effectiveness for spot, tactic...

[More...]
 

SAP Sapphire: Moving to Frictionless AND Sticky Commerce

Pierre Mitchell - May 16, 2013 6:14 AM

This year’s Sapphire conference has been extremely interesting, not to mention big, with 80,000 us...

[More...]
 

GEP: Procurement Services, Software, and BPO Under One Roof

Jason Busch - May 15, 2013 3:02 PM

Background and Direction Earlier this spring, Pierre Mitchell and I had the chance to sit down with ...

[More...]
 

Will SAP Scale the Customer Side of the Network Effect With Business One + Ariba Integration?

Jason Busch - May 15, 2013 1:12 PM

“If you build it, they will come” has been a frequent refrain since the early days of supplier (...

[More...]
 

Tradeshift Webinar, Wal-Mart Not Signing Safety Agreement, Record Airline Fees, Coca-Cola Recipe for Sale?

Sydney Lazarus - May 15, 2013 11:27 AM

Will supplier networks thrive, implode, or evolve? Join Spend Matters and Tradeshift next Tuesday at...

[More...]
 

SIG Dispatch 1: Initial Impressions and Exploring the Procurement / Tax Equation

Thomas Kase - May 15, 2013 10:31 AM

Today’s the second day of my very first SIG Summit on Amelia Island (near Jacksonville in northeas...

[More...]