Extending Procurement Information Architecture to Provider Ecosystems (Part 2) [Plus+]

Let’s recap where we ended up with conclusion of the first installment in this series. A range of application vendors are trying to build out native platforms or sit on top of others flexibly. For example, Coupa hedges its bets by building on top of AWS, but also partnering with IBM (on SmartCloud) and showing up on SuiteApp.com. Providers are also trying to develop healthy B2B ecosystems that are creating B2B activity and, as a result, “liquidity.” There’s no way to better monetize that liquidity than from B2B e-commerce networks for source-to-pay (S2P) on the buy side and both attract-to-order and order-to-cash on the sell side. All this talk of liquidity reminds us of a different time and place in the procurement and supply chain world: the “marketplace era” from the late 1990s and early 2000s. This time, however, there are many technology differences that will make the vision of liquidity a reality faster than many will imagine. But not without a key application rub that should be top of mind for all procurement and IT organizations.

For full access to this Spend Matters Plus content: