Catalog Management: Technical and Functional Component Requirements (Part 2) [PRO]

As our Spend Matters PRO series on catalog management continues, we turn our attention to the business, technical and functional requirements that comprise this component of procure-to-pay solutions, specifically what procurement organizations should look for as they evaluate technology vendors as part of an e-procurement selection process. The capabilities we describe in this research brief are based on the Spend Matters SolutionMap RFI requirements for catalog management as a component of procure-to-pay.

Today, we turn our attention to two components of catalog management: catalog creation (inclusive of supplier onboarding) and data quality control, outlining the functional requirements we look for when evaluating catalog management as part of SolutionMap scoring and when defining requirements with procurement organizations in e-procurement and procure-to-pay selection processes.

We welcome discussion with organizations interested in exploring catalog management further. Please don’t hesitate to get in touch.

Afternoon Coffee: Basware Launches AI-Driven Chatbot, Wabtec Merges With GE Transportation

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Basware has launched a new chatbot that allows users to naturally interact with its e-procurement product. GE is selling its transportation unit, after the industrial conglomerate announced Tuesday that GE Transportation would merge with Wabtec. Afternoon Coffee brings you the latest in procurement and supply chain news.

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