There's no question that bicycles represent a giant evolutionary leap from human locomotion. But they also provide a great metaphor for the opportunity that accounts payable (AP) organizations have to move away from manual processes to automated ones – with even greater efficiency and speed returns than a two-wheeler can provide. In this white paper, we provide a number of benefits that AP organizations can realize from automation and digitization. These examples can help not only make the case for high-value technology investments to drive AP efficiency improvements, but also to build AP finance and procurement value in the eyes of constituents and stakeholders. Download this paper to take off the training wheels – it's better to learn to ride properly from the start – and explore five benefits of putting AP on two wheels.
Spend Matters - Research Download
There is a Zen Buddhist riddle that says, “If you seek it, you can not find it.” If you seek happiness as an outcome in life for its own ends, rather than a byproduct of merely living life fully, you’ll likely not be happy. The same goes for cost savings. Procurement organizations that focus only on the same approaches for finding purchased cost savings will not be happy, nor will their stakeholders, who own the spending. Not only is it impossible for procurement to save its way to zero, but stakeholders also will view these efforts as narrow and self-serving, rather than helping them maximize the value of their spend to accomplish their objectives. Download this paper - sponsored by BravoSolution - to learn the true art of managing spend and cost reduction.
This paper won’t dive into the mechanics of spend analytics related to identifying potential savings from strategic sourcing (e.g., reduced pricing via competitive bidding to aggregate spending to preferred suppliers). Instead, we will focus on how firms can expand their spend analytics to identify and fix non-compliance scenarios that cost real money and introduce real business risk.
Tactical spend analysis and strategic supply management are two very different beasts. If you believe you need to provide supply market intelligence to your business, if you think such intelligence requires more than outsourced or pre-packaged solutions or that you’ll need your own analytics capability, then download now!
In this introductory analysis, we begin our exploration of how to wring every bit of value out of spend data. From basic Accounts Payable (A/P) spend analysis by supplier to more advanced topics, this is definitely the place to get started.
We look at range of procurement mechanisms that can drive better value, and then consider two aspects in more detail – demand management and specification – which can drive far greater benefits than a pure price focus!
Spend Matters PRO Only - Premium Research Download
“What are cost savings, really?” you may ask yourself. It’s a simple question with a surprisingly complex answer. In this new research download, Pierre Mitchell walks through various ways procurement can lock down hard cost savings in all sorts of areas beyond reducing spend. Download now to learn exactly how to get procurement the credit it deserves.
Indirect Category Sourcing Savings: Fact or Fiction? Delivering Credible Benefits from Sourcing and Category Management Programmes
In this paper, co-authored by Peter Smith (Spend Matters) and Ed Cross, Executive Director, Procurement Services at Xchanging (XPS), we look at why most organisations would benefit from more focus on the area of programme and delivery management, including rigorous benefits tracking and reporting. We also look at "the Vault" a new tool developed by XPS which combines capability to support effective programme management and governance with rigourous savings tracking and verification.
Services Procurement Innovation Compass - Free Research Dowload
Best practice techniques, technologies and general approaches that help procurement teams work with both finance and business stakeholders to set up and manage implementation of savings programs. Examples of how savings implementations can go wrong highlighted to educate about common missteps.
Services Procurement Innovation Compass - Free Research Download
We explore the new era of global sourcing – of talent, specific deliverables, and even business outcomes – along wiht challenges and responsibilities that come along with it. Also looks the importance of cultural norms and localized standards for buying professional services and laborand the worldwide consequences when regional behaviors do not align with global standards and expectations.
P2P and Working Capital Compass - Free Research Download
Explore the market state of P2P platforms from basic, hosted e-procurement capabilities to broader deployments combining both best-of-breed and ERP technology components. Provides a short list of vendor recommendations in different arenas based on a variety of buying requirements and needs.