One of the key elements of advanced analytics is not just increasing dataset complexity (e.g., adding more and more source data, like back-end financial systems and card-payment data) but rather exploring the key intersections and trending of the combinations of assets. “Big data” is almost a misnomer in this context. The queries and visualizations that sit on top of slices of the underlying dataset combinations are even more valuable.
P2P Content
Exploring A/P and Procurement Best Practices at P&G: Lesson 3
The third lesson to remember is that the invisible hand needs to make invisible opportunity visible. Even when companies strive to simplify the value chain, there are still opportunities, albeit they tend to be hidden and difficult to find. P&G has employed many typical strategies for creating value in the P2P process, including an ERP backbone "wrapped" with appropriate best of breed solutions, a supplier portal strategy and others.
Hackett's P2P Performance Study: The Best Freemium P2P Benchmark in the World
My alma mater, The Hackett Group, has launched their bi-annual Purchase-to-Pay benchmark study. Unlike other free “benchmark studies” in the market which are 20-30 minute […]
When Will Banks & Financial Institutions Get P2P Right? Has Ariba Discover[ed] the Trick?
The history of banks and related financial institutions (e.g., American Express) getting into anything having to do with purchase-to-pay (P2P) is a road paved with […]
Getting More from P2P with Better Analytics and KPIs (Part 2)
In the first installment of this series, based on the Spend Matters research paper Avoiding “Dumb Ways to Die”: eProcurement and P2P Style Adoption Scenarios […]
Getting More from P2P with Better Analytics and KPIs (Part 1)
Historically, man reaped what he sowed. Without sunlight, however, nothing grows. One of the many challenges lurking in the shadows of eProcurement and e-invoicing implementations […]
Enabling Suppliers Without Massive Cost or Effort (Part 2)
In the first installment of this series, based on the Spend Matters research paper Avoiding “Dumb Ways to Die”: eProcurement and P2P Style Adoption Scenarios […]
P2P and Network Buying Tips
I’ve purchased a few cars in my life from dealers (mostly used, mind you). I’ve also bought software – for my organization and many others. […]
eProcurement Troubles: Finding Approved Suppliers That Don’t Seem to Exist (Part 3)
This post is based on content contained in the Spend Matters Compass series paper: The Definitive Guide to Conflict Minerals Compliance for Manufacturers: An A–Z […]
Coupa Inspire: Coke’s Four eProcurement Truths (Part 2)
Continuing on with Coke’s “Four eProucrement Truths” (Part 1 here), we come to the third truth: the data must be right. Specifically, users need visibility […]
E-Invoicing and Supplier Networks: Don’t Put the Systems Cart Before the P2P Network Horse
The last – and admittedly self-serving – recommendation that Danny Thompson makes in OB10’s new e-book, Rooting Out Invoice Exceptions: The Path to Straight-Through Processing […]
Microsoft and Hubwoo Partner: Dynamics, Business Networks and P2P
Earlier this week, Hubwoo and Microsoft announced a partnership designed to add additional procurement and e-invoicing / AP capability on top of the Microsoft Dynamics […]