Author Archives: Nick Heinzmann



Afternoon Coffee: Coupa Acquires Catalog Expert Simeno, Freelancer.com Launches Enterprise Solution

Coupa squeezed in one last acquisition for the year Monday with its purchase of Simeno, a P2P provider that specializes in catalog search and management. Freelancer.com is extending its freelancing and crowdsourcing marketplace to serve large organizations that want to scale their flexible workforces. Afternoon Coffee brings you the latest in procurement and supply chain news.

Coupa Acquires Simeno to Augment Catalog Search and Management Capabilities

Coupa has acquired procure-to-pay (P2P) provider Simeno, extending the platform’s marketplace strategy to provide deeper and pre-integrated supplier connections and opening key markets to support continued expansion. Based in Basel, Switzerland, Simeno offers key capabilities in cross-catalog search and advanced catalog management. Large enterprises often use Simeno as a shopping front-end for systems such as SAP PM, SAP MM and Oracle iProcure to augment cross-catalog search capability.

Afternoon Coffee: Coupa Reports Q3 Earnings, Bitcoin Futures Surge on First Day of Trading

Coupa announced last week its Q3 2017 results, with revenues of $47.3 million, an increase of 34% from the same period last year. Bitcoin futures debuted at the Chicago Board Options Exchange Sunday night, surging to 20% over their launch price to more than $18,000 for the January contract. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Dockworkers Walk Out of East Coast Port Labor Negotiations, Brexit Talks Advance to Second Phase

Unionized dockworkers at East Coast and Gulf Coast ports walked out of contract-extension talks this week, primarily over a disagreement on how to define “automation." Brexit negotiations can now progress onto the next stage after the two sides settled three key issues. Afternoon Coffee brings you the latest in procurement and supply chain news.

Unlocking Hidden Cost Savings Through Third-Party Payrolling: Does Your MSP Go All Out for You?

As companies rely more on non-employees to fill mission critical-roles, procurement leaders are realizing that their business objectives are not always aligned with those of their managed service provider (MSP). One scenario where this can be the case is the MSP’s rate of third-party payroll utilization — the percentage of spend for contingent workers who are W2 payrolled by a third party but sourced directly by the client. This article explains how an effective MSP maximizes third-party payroll utilization to drive cost savings and value for an organization.

Afternoon Coffee: Amazon Goes Live in Australia, Anaplan Raises $60 Million in Series F Round

Amazon launched a version of its site in Australia Tuesday, adding a new player to the retail mix in a competitive market worth hundreds of billions of dollars. Anaplan, a provider that offers an analytics and planning platform for supply chains, announced Tuesday it had raised $60 million in a Series F funding round led by PremjiInvest. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Continuing Coverage of Jaggaer-BravoSolution Merger, CVS-Aetna Deal Upends Healthcare Industry

In case you missed it last week, Jaggaer is acquiring suite provider BravoSolution, a tie up that would make Jaggaer the second largest procurement technology provider by revenue. The title of 2017’s largest acquisition will likely go to CVS, which announced Sunday it would acquire health insurer Aetna for $69 billion. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: US Rejects Market Economy Status (MES) for China, OPEC Convenes to Discuss Production Limits

The Trump administration has formally rejected China’s request that it be treated as a market economy by the World Trade Organization. OPEC and non-member oil producing nations are meeting in Vienna this week to discuss extending production cuts. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: DHL Orders 10 Tesla Semis, Rising Oil Prices Starting to Affect Supply Chains

Tesla has landed several big-name pre-orders for its electric semi truck, including a deal for 10 trucks with DHL. With oil prices pushing toward $60 a barrel for the first time since June 2015, supply chains are now bracing for higher costs related to shipping and fuel. Afternoon Coffee brings you the latest in procurement and supply chain news.