Afternoon Coffee: SolutionMap Releases and Updates for Q4 2017, Coupa Acquires Fraud Detection Company Deep Relevance

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Spend Matters released Tuesday its Q4 2017 edition of SolutionMaps, including updates for P2P and its subareas as well as the first of its strategic procurement technologies series with sourcing. Each SolutionMap:

  • Ranks a technology within the procurement and supply chain spectrum
  • Consists of equal parts customer and analyst input
  • Reflects specific organizational needs through ‘buying personas’
  • Is updated quarterly to show market developments

The goal is to equip the user with a comprehensive roadmap to track market developments, assess provider capabilities based on organizational needs, and identify best-fit provider shortlists. Chose your technology area, select your persona and dive into the results today!

Also be sure to check out the detailed persona and vendor summary information, available to Spend Matters PRO subscribers:

Coupa Acquires Deep Relevance 

Spend management provider Coupa announced Tuesday it had acquired Deep Relevance, an analytics platform that specializes in fraud detection, according to a press release. The acquisition will help Coupa “utilize AI technology to create a fraud profile based on analyzing customer and aggregated community data for expenses, purchase orders and invoices.”

PwC Makes Legal Flexible

PwC recently announced its launch of “Flexible Legal Resources,” a new offering that provides contingent workforce attorneys to corporate client legal departments that may need specific expertise or must scale up or down rapidly. This offering can be viewed as a component of PwC’s expanding “New Law” service, within its traditional Legal Services line of business.

“In recent years, it has become clear that the Big 4 have been eyeing expansion in the corporate legal services market,” said Andrew Karpie, Spend Matter’s research director, labor and services procurement. “This move brings PwC in competition with large traditional law firms as well temporary attorney forms like Lawyers on Demand and Axiom. Large traditional law firms are apparently very concerned by these disruptive developments (as they should be), and legal services category managers should take note of this shifting landscape and emerging sourcing opportunities.”

Freelancer Data 

And finally, a gig economy update: Upwork and Freelancers Union released Tuesday the results of their Freelancing in America: 2017 survey, according to a press release. The fourth annual study estimates that 57.3 million Americans are freelancing (36 percent of the U.S. workforce) and contribute approximately $1.4 trillion annually to the economy, an increase of almost 30% since 2016.

"Upwork's Freelancing in America report provides an additional load of evidence that freelance work arrangements are an increasingly important way for companies to consume skills and expertise, says Spend Matters’ Karpie. “Contingent workforce and services procurement managers need to get out ahead of this development to ensure their organizations will take full advantage of the opportunity."

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