As companies look for new ways to remain competitive in their markets and industries, procurement is playing an important role–with a focus on the new breed of procure-to-pay solutions to give them a needed edge.
This paper provides insight for organizations that want to transform their current P2P capabilities by improving operations visibility, stakeholder collaboration and overall procurement value within the company. However, before making any important decision regarding P2P, we encourage organizations to take an honest look at where they stand in terms of IT maturity, as well as assess how to take their technology to the next level without increasing total cost of ownership (TCO).
Download this paper to find out more.
Many financial institutions and vendors have begun investing heavily in developing supply chain financing products, mainly buyer-centric models. These models are based upon the simple idea that a buyer’s invoices can be financed for a single buyer and its dealer or vendor network. Most of the hype today is centered on various early pay techniques for a single buyer’s invoices, with these services being referred to as dynamic discounting, supply chain finance, or reverse factoring. But what if the relationship was reversed? Download our paper to learn more.
Spend Matters Founder and Head of Strategy Jason Busch walks readers through how they should be prepared for the OMB Federal E-invoicing mandate in the United States.
E-signatures and digital signatures are a rapidly growing sub-segment of the procurement and broader enterprise technology market. The numbers are truly off the charts. According to industry research, the segment experienced 48% growth in 2011, and an average of 53% annual growth in 2012 and 2013. Forrester estimates there will be 700 million e-signature transactions by 2017. There is no doubt that the growth will continue in this market at breakneck pace for at least the next few years. But where do e-signatures and digital signatures fit into e-procurement, beyond simply replacing handwritten signatures on the contract paper? This Spend Matters PRO research brief provides examples and use cases where these solutions can play a critical role supporting end-to-end source-to-pay (S2P) and related procurement processes.
Spend analysis is changing - and it's changing fast. In this paper, Peter Smith interviews Stefan Foryszewski from Tungsten Analytics, discussing some of the bleeding-edge approaches companies are taking in this area.
There is no one-size-fits-all P2P implementation strategy, but the tactical advice we provide in this download is crucial to consider for success. You may have to bend the points to fit your organization’s needs, but if you follow these best practices, you will avoid a lot of the nightmare scenarios we've heard about from our readers.
For some, an invoice is a piece of paper sent by a supplier to a customer with varying amounts of detail about services performed or items purchased or to be purchased, along with other details including mailing and remittance information, the maturity date of the invoice and the conditions, such as penalties, if the maturity date is not met. But in practice, an invoice is much, much more...
The movement toward early pay acceleration is a response to both structural changes in the broader economy and investment in accounts payable automation and e-invoicing technologies. How are companies accelerating early payment approaches in their supply chains? Download this paper to find out.
Rote “drive-by sourcing” events and a resultant contract thrown over the wall into a poorly designed and automated P2P process/system doesn’t make for the best buying experience. Requisitioners who are not able to easily find what they’re looking for (and then get hand-slapped when they bypass preferred vendors) are not exactly going to have a delightful experience with procurement’s designed buying process. Let’s make it easy. Here’s how.
Spend Matters Premium Content - Ask the Expert Video Replay
Jason Busch and David Gustin talk trade financing news and technology in this Ask the Expert session. They dissect the market, giving a glimpse of the behind-the-scenes action with solution providers, what companies are partnering up and discuss integration efforts with P2P, services procurement and other areas.