Author Archives: Guest Contributor



These 3 Data Problems Could Be Draining Your Company’s Resources

Spend Matters welcomes this guest post from Brian Alster, global head of supply and compliance products at Dun & Bradstreet.

When you’re working on estimating the costs of your third-party relationships, the last thing you want to find are holes or inaccuracies in your data. It can leave you unable to make informed, data-driven decisions. This fear might explain why, according to Forrester research, almost a third of enterprise architects and chief data officers spend at least 40% of their time discerning the credibility of their data before using it to make critical decisions.

Intelligent Trade Finance: The Confluence of Blockchain and the Internet of Things

Spend Matters welcomes this guest post from Biji John, product manager, trade finance, at Finastra.

The fundamentals of trade and trade finance have not changed in centuries: it’s process heavy, with bottlenecks and disputes everywhere. Characterized by paper and manual operations, the back office is ripe for next-generation transformation. In the middle and front office there is potential for far greater automation and use of real-time data, for example in the accounts receivables process, in SME credit underwriting, loan booking, and monitoring and indeed for relationship managers (human and virtual) to surface and analyze data to gain insights and provide more data-driven recommendations to corporate clients along the financial supply chain.

Debunking the Myths of Optical Character Recognition: What It Is and How It Affects Accounts Payable

e-invoicing

Spend Matters welcomes this guest post from Justin Holden, vice president of sales, Yooz North America.

OCR: Another one of those technical buzzwords that we’re hearing a lot about these days. It’s of particular interest in fintech (another new buzzword that stands for “financial technology”) and even more specifically in accounts payable. But what is it? More important, what isn’t it? And how does it make a difference in the accounts payable (AP) workflow?

Analytics Connects the Dots — and Data — to Improve Healthcare Supply Chain Performance

healthcare

Spend Matters welcomes this guest post from Brad Stillwell, senior director of product strategy at Birst, an Infor company

Data analytics is transforming healthcare, informing every decision from doctors’ diagnoses to long-term patient risk management. While the spotlight is, deservedly, on data-driven transformation within the four walls of healthcare facilities, analytics also has the power to improve the performance of supply chains and entire healthcare ecosystems to deliver a significant competitive advantage.

The 5 Key Benefits of Effective Buying

A wealth of worthwhile benefits can be gained through adopting an effective buying approach. By making just small changes in our approach to buying, we can expect to see significant value and benefits as a direct result. You might ask why you should do anything differently at all when individuals and organizations already manage to buy well without any kind of intervention. But to truly appreciate why we should consider a new buying approach, we must first recognize the size of the prize that can be obtained.

From Artificial Intelligence to Financial Intelligence: Leveraging AI to Strategically Transform Finance Teams

Spend Matters welcomes this guest post from Laurent Charpentier, chief innovation officer and COO at Yooz North America.

When we talk about AI, we immediately think about what we use every day, such as virtual assistants or chatbots (e.g., Siri or Cortana), smartphones that identify us through fingerprint or facial recognition, cars that are able to detect pedestrians and to park themselves (often better than humans do). We also think about computers that recognize and analyze documents automatically. But AI is also widely present in the business environment, and has even made its way into finance departments.

China’s E-Invoicing March and Why It Matters

Spend Matters welcomes this guest post form Adam Cleveland, vice president of demand generation at Tradeshift.

Often, government reforms force businesses to adjust their business processes for compliance reasons. China’s VAT reform not only impacted processes related to tax compliance, but it also opened up business process and supply chain redesign discussions to enable higher productivity, better security, enhanced transparency and managed risk. This article addresses the e-invoicing environment China inherited, what’s happened in China with respect to VAT reform and e-invoicing, and why it matters to businesses across the globe.

Another Unexpected Turn of Events for Cotton

Spend Matters welcomes this guest post from Verity Michie, market analyst at Mintec.

The U.S. cotton crop has been the root of much surprise throughout the current 2017-18 season, with prices rising over 35% in the past eight months. We covered the first increase at the beginning of the year, where prices unexpectedly shot up, following a rise in demand. We concluded that prices may stay at high levels; however, in mid-May, there was another unexpected acceleration.

Bringing Procurement Rigor to Merger Integration

Spend Matters welcomes this guest post from Bernard Gunther, co-founder of Spendata.

Mergers are rationalized by the expectation of post-merger synergies, a major one being cost reduction. However, cost savings opportunities that are routinely exploited by procurement are rarely a focal point for “clean teams” in pre-merger scenarios, or by the merged organization in the key 100 days of post-merger integration (PMI). In fact, the majority of mergers rarely deliver all of the expected cost savings.[2] In contrast, procurement can play a crucial role in planning for and delivering cost savings typically overlooked during the pre-merger analysis.

Differentiate and Grow: How Procurement Marketers Can Stand Out in a Crowded, Copycat Market

marketing

Spend Matters welcomes this guest contribution from Greg Hakim, vice president at Corporate Ink.

Increase transparency. Drive savings. Reduce risk. If you are a supply chain or procurement provider, these three messages are likely baked into your sales and marketing pitch. Which makes sense — they represent critical representations of the value you deliver. There’s one problem: Your competitors are saying the same thing.