It’s time to celebrate America the beautiful with barbecues, fireworks, parades and red, white and blue apparel and decorations. Spend Matters has rounded up spending and other interesting data on the Fourth of July holiday. Find out below how much we spend on food, flags and what city has the biggest fireworks show. According to the National Retail Federation, this July Fourth, patriots will reportedly spend $6.6 billion on food alone. And, on average, US consumers will spend $71.23 each, which is higher than 2014 Independence Day spending when consumers spent $68.4 each, on average.
Category Archives: Industry News
Supplier collaboration platform Tradeshift hasn't been well known for finance outside of accounts payable. It has offered dynamic discounting, to be sure, but the feature has been used by only a handful of clients. That approach is about to change, however, as explained in a breaking article on Trade Financing Matters. As of Tuesday, Tradeshift will partner with C2FO, giving it access to the financial technology company's working capital market as an internal app. It’s clever on the surface, analyst David Gustin and Xavier Olivera explain, but how will the partnership work in practice?
In previous Spend Matters coverage of the announced partnership between BravoSolution and Verian, analysts discussed some of the implications of the new relationship. I had a chance to spend some time with Tehseen Ali Dahya, the CEO of Verian, to do a bit of a deep dive, and it gave me a much better idea of the what the partnership is and is not all about. In this Spend Matters PRO analysis, I’ll lay out the details and explain the implications for current customers, future customers and the market in general.
Are Americans getting more sleep? Turning increasingly to tea? There must be some explanation for the latest forecast from the US Department of Agriculture that shows Americans will actually be consuming less coffee in the coming year. Turns out, the single-cup coffee maker is playing a major role in how much coffee Americans are drinking and are expected to consume throughout 2015 and 2016. According to the USDA report, the US will consume 23.7 million 60-kg bags in 2015/16. During 2014/15, consumption was at 24 million bags. Consumption has been growing steadily since 2010, but now will take a dip for the first time in a long time.
You may have heard his name before, and you certainly have seen his byline pop up a number of times in the last couple of months, but now Andrew Karpie is officially a Spend Matters analyst. Andrew recently joined the Spend Matters team full time, which means you are about to see his name on our site a lot more often. Andrew is our Spend Matters expert in the services procurement and contingent workforce field. He brings more than 30 years of experience in business analysis and research surrounding technology application, specifically solutions related to the services supply chain. Andrew has explored and written extensively about how information technology is impacting the supply chain and staffing industry. He brings all this knowledge and experience to the Spend Matters analyst team.
From Connecticut to Chicago. From trained classical musician to journalist, Nick Heinzmann has made a number of moves in recent years. But we here at Spend Matters are most excited at his latest one: from a recent Medill grad to Spend Matters Assistant Editor. The Spend Matters Network welcomed Nick to the editorial team this week, and he has already hit the ground running working with our analyst team and fine-tuning their content for our readers and subscribers. Read on to find out more about our latest team member!
Last week, Perfect Commerce LLC made an offer to buy all shares in Hubwoo SA, a Paris-based procure-to-pay software company. Virginia-based Perfect Commerce is getting a relative bargain-basement price in the deal, but there will be some serious issues to work through if the transaction is finalized. This Spend Matters PRO article takes an in-depth look at what the deal could mean and opportunities it presents for Perfect Commerce.
The last week as been a busy one for the procurement world, with an acquisition announcement coming from the P2P software space, another provider announcing a new platform and our Spend Matters analysts scattered around the globe covering industry conferences. If you missed any of our coverage on these events, no worries – we have rounded up our recent articles on these topics, giving you an inside look to the latest news coming out of the industry in the past week.
As part of our continuing coverage of BravoSolution and its BravoConnect event that we’ve been attending, CEO Jim Wetekamp took us through the new BravoAdvantage platform, which not only enhances functionality in current Bravo products, but also focuses on a supplier management-centric approach called "supplier value management" (SVM) that is at the core of its platform. But, the bombshell that was quietly dropped (in a good way) was the news that Bravo is expanding beyond its current focus of sourcing and supplier management and working on adding P2P to the source-to-pay (S2P) space.
Not Just Along for the Ride: On the Ground and Covering the Action, as the Beeline Client Conference Gains Momentum Today
I’m on the ground here at Amelia Island (near Jacksonville, Florida) for the commencement of the 2015 Beeline Client Conference, where there is energy and buzz in the air. The theme for the event is “Technology in Motion.” Direct client engagement and value co-creation got started swiftly last night with the opening of The Tech Expo (staffed by key Beeline product team members ready to listen and talk up a storm) and the start of The Hackathon (a thread of this event where clients and developers will “get agile” and produce a winning coded solution by the end of the conference).
Hubwoo announced yesterday that Perfect Commerce has made a cash offer to buy all the shares in the Paris-based procure-to-pay software company for €26.6 million (about $30 million). This equates to a share price of €0.19 Euros – a near-36% premium over its last share price. This "bargain basement" purchase price (slightly less than 1 times of trailing revenues) could put the struggling Hubwoo under the control of a parent corporation registered in Luxembourg (even though Perfect is a decidedly US-centric firm). Spend Matters will follow up on this news with detailed analysis and implications of the deal, but our initial thoughts point to an opportunity for Perfect to expand its customer base, geographic presence and its supplier network capabilities – and also a way to defibrillate Hubwoo, which has been floundering since SAP acquired Hubwoo’s largest competitor Ariba. Members of the Spend Matters team react to the news, offering their initial analysis.
The world of supply chain management today faces a major challenge: too many of the professionals in the industry are nearing retirement age, and not enough workers from younger generations are entering the field. But one program powered by some major procurement players is tackling this issue – for a second year in a row. ThomasNet.com and the Institute for Supply Management have teamed up again to launch this year’s “30 Under 30” Rising Supply Chain Stars Recognition Program. The organizations began taking nominations for exceptional procurement professionals who are ages 30 and below last month. The deadline for nominations is July 31.