The Technology Category

ISG SpendHQ: A Spend Analysis Tool Built by Sourcing Professionals for Sourcing Professionals — Year-End Tech Review

analytics

This post is part of our 2016 Year-End Procurement Tech Review series, in which we offer procurement practitioners a bird’s-eye view of some key vendors and their solutions in select categories. For the rest of this week, we’re highlighting companies in the risk management and spend analytics spaces.

SpendHQ, a spend analytics product born out of its parent company, Insight Sourcing Group (ISG), originated as an answer to many of the challenges its consultants faced in the field. Today, SpendHQ has evolved into a full-featured analytics platform that has the distinction of being one of the few spend analysis tools that was built by sourcing professionals for sourcing professionals, and it looks at procurement data the way these professionals want to see it. SpendHQ was built by people who knew exactly what kind of analytics they needed to identify everything from surface-level to buried savings opportunities.

Supplier Readiness and E-Invoicing in Latin America

e-invoicing

As we have seen in Part 1 and Part 2 of this series, e-invoicing has produced great benefits for governments in terms of tax collection and streamlining its own control processes, for which they have implemented mechanisms that companies must comply with, ranging from the simple to the complex. For both buyers and suppliers, this represents a new technological challenge — especially for companies with operations in multiple Latin American countries.

Per Angusta: An Escape From ‘Excel Hell’ — Year-End Tech Review

suppliers

This post is part of our 2016 Year-End Procurement Tech Review, in which we offer procurement practitioners a bird’s-eye view of some key vendors and their solutions in select categories. This week, we continue to highlight companies in the sourcing (including e-sourcing) and supplier management spaces.

The amount of time it took Per Angusta founder Pierre Laprée to consolidate, normalize and analyze data in managing his sourcing pipeline, projects and savings projections on a daily basis in Excel was enormous — and the end result was not always reliable. Finding no solution in the market designed specifically for sourcing pipeline management, he decided to form Per Angusta and build one.

Digitized in China: Exporting New Realities

Spend Matters welcomes this guest post from Gareth Bowen, head of SAP Greater China.

For centuries, China has been the largest manufacturer in the world. And it has led the way in developing innovative processes that have fundamentally transformed production and supply chains. But China is changing. And a new lexicon may be in order: Digitized in China.

DCR Workforce: Vendor Snapshot (Part 3) — Commentary and Summary Analysis [PRO]

VMS

It’s hard to dispute the data. Companies are increasingly buying all kinds of services, including those that do not neatly fit a common profile (parts, components or even outcomes, such as “power by the hour,” in the case of manufacturing outsourcing). Yet today’s procurement solutions are designed primarily to support either the purchasing of materials (direct and indirect) or targeted types of services procurement spend (namely, contingent workforce).

Today, many procurement organizations, such as Coupa and SAP Ariba customers, are putting large percentages of services spend through indirect procurement systems. These solutions are not yet specialized in influencing, capturing and managing all aspects of the sourcing, buying and supplier management lifecycle for services. Moreover, from a depth perspective, vendor management systems (VMS) tend to have functional gaps across the source-to-pay continuum in supporting statement of work (SOW) and freelancer management needs, compared with source-to-contract suite capability or specialized tools.

This third and final installment of the Spend Matters Vendor Snapshot on DCR Workforce provides an objective SWOT analysis of DCR and offers a competitive segmentation analysis and comparison. It also includes recommended shortlist candidates as alternative vendors to DCR Workforce and offers provider selection guidance. Finally, it provides summary analysis and recommendations for companies considering DCR Workforce as a potential vendor. Part 1 of this series provided an in-depth look at DCR Workforce as a firm and its specific solutions, and Part 2 offered a detailed analysis of solution strengths and weaknesses and a review of the product’s user experience.

BravoSolution: The Globalist of Procurement Tech Providers — Year-End Tech Review

MBO Partners

This post is part of our 2016 Year-End Procurement Tech Review, in which we offer procurement practitioners a bird’s-eye view of some key vendors and their solutions in select categories. This week, we’re highlighting companies in the sourcing (including e-sourcing) and supplier management spaces.

BravoSolution is perhaps the most international of all procurement technology suite providers. The Chicago-based firm delivers a core source-to-pay (S2P) suite (consisting of modules that can be individually or collectively licensed) that includes spend analysis, sourcing, sourcing optimization, supplier management, savings tracking and contract lifecycle management (CLM) along with advanced category sourcing technologies targeted at the transportation, packaging, facilities and MRO categories.

Sponsored Article

How Embedded Analytics can Measure the ‘Pulse’ of Your Supply Chain Operation

data analytics

Spend Matters welcomes this sponsored article from OpenText.

Many companies today are beginning their journey to transform into a digital business. But implementing a digital transformation strategy does not happen overnight, and you can’t just focus on the internal enterprise. You have to consider how to deploy a digital strategy across external stakeholders, as well.

Amazon Business Hatches a Well-Planned German Launch

Brandenburg Gate

Amazon Business has touched down in Germany. The B2B giant announced Tuesday that Amazon Business would be available in the Central European country for firms of all sizes that sign up for a free account. Spend Matters recently spoke with Amazon to get the details of the German launch.

E-Invoicing Compliance and What It Means in Latin America

Brazil

E-invoicing in Latin American countries differs significantly from other parts of the world. Invoicing and tax compliance regulations are also completely different from country to country in this region. In this second installment of our series covering e-invoicing in Latin America, we compare Latin American e-invoicing practices with other parts of the world, discuss the importance of compliance for global organization with operations in Latin America and detail some country specifics about e-invoicing documents and regulations.

Scout RFP: The E-Sourcing Upstart Focused on User Experience — Year-End Tech Review

digital

This post is part of our 2016 Year-End Procurement Tech Review, in which we offer procurement practitioners a bird’s-eye view of some key vendors and their solutions in select categories. This week, we’re highlighting companies in the sourcing (including e-sourcing) and supplier management spaces.

The founders of Scout RFP launched their firm with the goal of making e-sourcing solutions accessible and less cumbersome. Since the launch of a basic but simple-to-use RFP solution in 2013, the Scout RFP team has quickly built out the core of an e-sourcing suite, adding e-auction, savings tracking and supplier (information) management. Flash-forward only three years, and Scout RFP today positions its solid mid-market solution against the leading best-of-breed vendors in this segment of the market, with capabilities even larger firms may want to use.

Accenture Spend Trends Category Insight

4 Ways to Optimize IT Services Spend [Plus+]

Increasing pressure on the CIO organization to deliver innovation to the business — at speed — is driving investment in IT services. However, this push for speed to market can result in poor sourcing practices, lower-quality business outcomes and higher costs. As a result, organizations often make mistakes that can cost them millions of dollars and also expose them to increased implementation and other risks.

So what is going wrong? There are three opportunities many IT services buyers miss. With increasing demands on the CIO organization, speed and service to the end business customer is of paramount importance. However, IT organizations need to be wary of several common mistakes that can negatively affect quality, on-time delivery performance and cost.

DCR Workforce: Vendor Snapshot (Part 2) — Product Strengths and Weaknesses [PRO]

supplier management

This vendor research series focuses on DCR Workforce, a provider of services management/ procurement technology solutions. Part 1 of our analysis provided a company and detailed solution overview and a recommend fit list of criteria for firms considering DCR Workforce. In the context of the solution set, we noted that Smart Track is somewhat different than the typical monolithic VMS solution, for a number of reasons. These include: one, the modularity of the Smart Track platform which utilizes an SOA (services oriented architecture) model and allows separate modules to be implemented on their own, according to the client use case; and two, the strength of the SOW/Services Management module, which was the lead product at the time of DCR’s market entry.

This Spend Matters PRO Vendor Snapshot explores DCR Workforce’s product strengths and weaknesses, providing facts and expert analysis to help procurement organizations decide if they should shortlist the vendor to enable their services procurement technology requirements. It also offers a pros/cons critique of the user interface. The remaining parts of this series will offer a SWOT analysis, user selection guide, competitive alternatives and additional evaluation and selection considerations.