In just a few hours, I'll be co-presenting part of a Hubwoo webinar with Jeanna Cooper, Manager E-Services, Materials and SCM, CONSOL Energy. There's still time to register for our live, interactive presentation and conversation today at 11:00 AM ET. Here's the link to register: Leveraging a Supplier Network for Procurement Excellence (and we promise will have some real meat on the network bone in sharing ideas and metrics not only to get more from ERP eProcurement initiatives, but how best to leverage supplier networks more broadly). On the webinar, you'll learn how Jeanna and her organization leveraged a supplier network approach in tandem with an ERP eProcurement initiative to drive over $40 million in cost savings.
Our ongoing research on supplier networks proves that they are an invaluable way to bring greater spend under management more quickly and sustainably. Not only do they help drive potentially newfound efficiencies across both procurement and even AP, they can help organizations realize the basic automation promises that came with original P2P business cases. In the most strategic cases, they can help free up resources to pursue more strategic opportunities (e.g. working capital management, dynamic discounting, etc.) in addition to driving increased spend under management.
Perhaps most important, and a key topic we'll cover on the webinar today, is how supplier networks can play a key role in helping procurement organizations take advantage of the best of ERP capabilities and integration without missing out on key enabling functionality of best of breed vendors in the P2P space. Because of their ability to help fully complement and address core procurement requirements including providing transactional connectivity, catalog and content management enabling support, supplier search and discovery and e-invoicing enablement, supplier networks should be an upfront deployment consideration for companies, not a P2P afterthought.
So join me today to learn more about the Spend Matters perspective on network enablement as well as the CONSOL experience. Sign up here!