At its customer event this week, Beeline shared a number of benefits that companies can expect to realize from engaging freelancers compared with contingent staffing resources. These include increasing the available talent pool, lowering costs by at least 13% and more. Spend Matters takes a look at these benefits and explores the potential risks (and how to avoid them) when it comes to engaging with a contingent freelance workforce. Also, stay tuned as we continue to provide coverage from the Beeline conference this week!
Category Archives: Risk Performance and Compliance
Consumers are constantly looking to Apple as a thought and product leader for the devices they need to run their lives. But businesses too can follow Apple’s lead and, more specifically, procurement organizations can glean risk-treatment cost reduction tactics from Apple’s contract terms for their suppliers. Join us Thursday, June 25 at 10 a.m. CDT for the webinar, Understanding Risk Exposure: An Analysis of Apple’s Contract Terms For Their Suppliers. Pierre Mitchell, chief research officer at Spend Matters, will be joined by Tim Cummins at IACCM and Ulf Zetterberg at Seal Software. Register today!
Contract management is undergoing a transformation, moving from the back of the procurement kitchen to nearly taking center stage. A good part of the reason is the corporate transition from a more passive "risk viewed as lack of compliance" efforts toward a more dynamic and comprehensive approach to risk management. This approach doesn't just examine legal clauses as such. Nor does it merely ensure that agreed upon prices and SLA deliverables are met, although those reasons are obviously part of the equation. There’s more to it – much more. In this Spend Matters PRO research brief, we begin by reviewing the core components of CLM systems, and then we explore the path to predictive contract negotiations, delving into the intersections of big data, predictive analytics and contract management.
Today’s the day! We’ve been talking for weeks about how supply chain risk management is best exemplified by AGCO, the world’s largest manufacturer of agricultural machinery, and its risk management solution powered by riskmethods. In fact, AGCO’s risk management was awarded as the “Excellence in eSolutions” winner, showing just how effective it is. Join us this afternoon at 1 p.m. CDT for the webinar, Award-Winning Supply Chain Risk Management at AGCO with Thomas Kase, vice president of research at Spend Matters, and Jan Theissen, director, Strategy & Methods, Global Purchasing & Materials Management at AGCO. Register here!
Over the past decade, supplier management solutions have evolved dramatically. Many started by serving as basic tools to meet data gathering needs for both procurement- and accounts Payable-led supplier onboarding to becoming effective instruments supporting sourcing initiatives. More recently, these solutions have even started to turn risk management initiatives from a lagging rear-view mirror exercise to a forward-looking assessment process that helps corporations stay on top of their third-party risk exposure. But what is next for these solutions? At Spend Matters, we think it is a fairly low-hanging fruit to more actively bring in contractual data into your SLM or third party management solutions. This is precisely what Hiperos is aiming to accomplish. The provider’s latest release is taking aim for the first time at this area, joining a set of related – although not yet directly competitive – capabilities from Apttus, Seal and others.
Exploring Apttus: A Next-Generation ‘Ariba’ and ‘Siebel’ Wrapped up in One for Procurement and Sales?
This is Part 2 of our PRO analysis of Apttus. It is easy to make the argument that what Coupa has done in building out a fully integrated source-to-pay (S2P) suite is to take a few cards from the Ariba playbook and simply improve on the overall user experience and value proposition for a cloud-native world vs. one ported from the initial web business applications era (the same could be said, albeit with different nuances for different, high-growth vendors in the S2P and P2P sectors including Ivalua, BuyerQuest and others). But are Coupa and other next generation Ariba competitors bringing something actually “new” to the table – a fundamentally different value proposition? Not yet, at least in our book. But Apttus, a high-growth provider that comes from the sell side, which we started to preview earlier this week, appears poised to do something truly radical for procurement suites. This Spend Matters PRO analysis marks the continuation and final installment of our initial coverage of Apttus and why procurement organizations (and others) should be paying very close attention to what is about to come.
Procurement has increasing access to multiple levels of insider information. And just as we have seen enforcement impacting procurement and supply chain activities centered on FCPA compliance, it is likely an increasing set of activities tied to potential information leaks in the capital markets area will come under more scrutiny as well. In the first installment of this Spend Matters PRO research brief examining the potential for insider trading based on procurement information, authored by Thomas Kase, vice president of research, we covered lessons from other areas of the business as well as introducing the types of insider information that could be acted on by those inside the company or shared with external hedge funds or other parties. In this installment, we explore what you need to know about the potential for procurement and insider trading based on increasing data availability within procurement and supply chain organizations and key action steps you can take to prevent breeches.
Have you considered the potential for insider trading violations and the ensuing lawsuits that could arise from access to procurement information? Perhaps this hasn't even entered your mind. With increasing data availability (spend data, supplier risk/management information, demand data) at the fingertips of procurement professionals and others in the organization, the opportunity to access information that could be used to provide an "advantage" in the capital markets has never been greater. Traditionally, such information (if available at all) was available solely to company “insiders” who could only trade within certain windows (and with other restrictions placed on them). In this multi-part Spend Matters PRO analysis, Spend Matters Vice President of Research Thomas Kase explores the growing potential of procurement-related information to create the opportunity for insider trading information.
How much information do you share internally? How much should you share? Who has a need to know? These are important questions to ask as you drive procurement change management and solution adoption throughout your organization. Providing timely information and presenting it in a way that makes the context clear in the hands of the right business users, who can take corrective action before the situation gets out of hand, is key to maintaining a consistent level of performance across the organization. In this Spend Matters PRO research brief, we consider the brewing information clash that companies are likely to face with exploding reams of procurement information available to an increasing number of stakeholders – and non-stakeholders – alike.
In previous installments of this PRO series, Spend Matters VP of Research Thomas Kase discussed the amount of risk companies face when deploying workers around the globe and what precautions the company and its workers must take. In Part 1, he specifically talked about duty of care provisions, and in Part 2, he continued his analysis of corporate travel risks. Today, he completes the series, offering a number of recommendations companies should take regarding T&E management.
What do companies need to be aware of when managing corporate travel and a global workforce? Spend Matters VP of Research Thomas Kase, who has experience working abroad and is our main source for T&E management, started this PRO series discussing the amount of risk a company faces when deploying workers around the globe, how much money a company should allocated to risk mitigation and what is required under duty of care provisions. You can check it out here. Here, in Part 2, Thomas continues this analysis of travel risks and corporate obligations.
Vendors hawking T&E software that spans travel booking and expense management claim that it is not just about policy compliance, but that it is also about the risk management benefits of actually seeing where employees (or contractors) are and, in the event of an emergency, being able to provide support as quickly as possible. In this multi-part Spend Matters PRO research brief, Spend Matters VP of Research Thomas Kase provides a primer on managing travel and the global corporate workforce, including the requirements and limits of duty of care provisions – and what procurement needs to know and how far it should consider going both as good business practice and under the law.