Tagged Content: Plus or PRO

Get Your Priorities Straight, Procurement!

calendar-checklist-list-3243 Back at the beginning of 2014, Peter Smith, chief research officer and managing director of Spend Matters UK/Europe and Public Spend Matters Europe, identified the top five things procurement professionals should focus on for the coming year. He reflected on these priorities in another one of our popular Ask the Expert webinars: Ask the Expert: 5 Priorities for Procurement Leaders in 2014. This top five list may have been based on trends at the time, but it remains relevant today for a procurement organization to continue creating value for its company, to innovate and improve.

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Defining a Process for Strategically Sourcing VMS and Services Procurement Technology

- October 8, 2015 2:37 AM | Categories: Services Procurement & Contingent Labor, Sourcing, Technology

mark-516277_640 Today, we conclude our Spend Matters Plus series on sourcing VMS by exploring approaches and tactics to strategically source services procurement technology, including the VMS, and the best-practice role of an MSP in a sourcing process, either independent or inclusive of technology and managed services.

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Will Zycus Build Toward a PaaS Vision, Open Network and Virtualized Suite?

- October 7, 2015 2:39 AM | Categories: Analysis, Innovation, Solution Providers, Technology

binary-system Tuesday at Zycus Horizon, the provider articulated an early vision around platform-as-a-service (PaaS) to connect its applications with the outside world alongside a supplier network approach that will serve as a single portal interface (and more) for procurement and suppliers to enable walk-up open or invited registration, transactional document exchange/connectivity, supplier search/discovery and more. In this Spend Matters PRO article, we talk about how Zycus has an opportunity to become a virtualized suite and PaaS alternative to other procurement technology providers in the market.

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A Quiet September For Our Spend Matters Stock Portfolio

- October 6, 2015 2:24 AM | Categories: Finance, Procurement Commentary, Procurement Financials

stock exchange September was a quiet month overall in terms of our Spend Matters Stock Portfolio and most major global stock markets. The Spend Matters portfolio of all 24 firms lost about half a percent of its initial Jan. 1 value during September. Our portfolio follows the progress of quoted companies that operate in whole or part in what we call the procurement solutions market. We are tracking the performance of these shares on various stock markets from Helsinki to New York via Paris and London. Check out the full post to how these procurement companies performed last month.

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Challenges and Changes: What Digital Transformation Means for Contingent Workforce Procurement – Part 2

road humps ahead In Part 1 of this three-part series, we asserted that contingent workforce management is on a collision course with digital transformation. We discussed what digital transformation is and some ways that it may impact contingent workforce management as it is practiced at most businesses today. Finally, we concluded that “digital transformation readiness” of most contingent workforce management programs and practitioners is not where it needs to be to respond quickly and adequately to potentially rapid change. Beginning to understand the concept is the first step in moving toward “readiness.” Today, we identify and explain what kinds of changes and challenges are likely to arise as contingent workforce moves toward digital transformation.

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How to Create the Perfect Procurement Scorecard

Businessman hand draws success words on whiteboard In this Flashback Friday, we look back to another one of our most popular Ask the Expert webinars, Upgrade Your Procurement Scorecard – and Upgrade Your Procurement Performance. Originally recorded back in March 2014 and led by Chief Research Officer Pierre Mitchell, this webinar takes listeners through a variety of steps and questions a procurement organization will need to address to create an effective scorecard for tracking performance.

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Opus Acquires Alacra: Market Possibilities and What it Means for Hiperos

- October 1, 2015 2:34 AM | Categories: Analysis, M&A, Risk Performance and Compliance, Solution Providers

Accenture analysis Opus Global has been out shopping for companies again, and this time it bought data aggregation and analytics capabilities in the form of Alacra. Opus announced the news yesterday. This Spend Matters PRO research brief takes a look at Opus’ recent acquisition of the 20-year-old data aggregation and analytics firm, which brings an impressive roster of premier data content partners along with it. We discuss the possible potential of this deal and what it might add to Opus’ other procurement-centric solution provider, Hiperos, and what it can mean from a bigger market perspective.

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Sourcing VMS and Services Procurement Technology: Don’t Do This!

- September 30, 2015 2:27 AM | Categories: Services Procurement & Contingent Labor, Sourcing, Technology

Yes No Maybe Signpost This Spend Matters Plus research series provides a recommended approach to sourcing MSP, VMS and related technologies and services in a manner that will result in the most comprehensive set of options for procurement organizations, including purchasing a “bundled solution,” which may or may not be best, depending on requirements. We offer both foundational and more advanced sourcing approaches depending on procurement sophistication and relative services spend sophistication. In this first installment, we begin by exploring some of the challenges associated with relying solely on an MSP to make technology decisions for a client.

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What Digital Transformation Means for Contingent Workforce Procurement — Part 1

supplier portal Contingent workforce procurement is on a collision course with digital transformation. As in many parts of the economy, industry segments and business functions, digital transformation has equated to structural changes and the emergence of new technology-based business and process models that require new management perspectives, expertise and processes. A good example of this is what has happened in music recorded for entertainment: music distribution went online from physical media sold at brick-and-mortar retail locations and the entire supply chain for music production was also restructured. As everyone knows, similar change has occurred in books, video and retail sales in general, and we needn’t stop there. Contingent workforce management has thus far been relatively untouched by this kind of digital transformation.

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Yooz Brings An Intelligent Invoice Capture Solution to P2P

- September 28, 2015 2:39 AM | Categories: Accounts Payable, Invoicing, Solution Providers, Technology

invoice Yooz, the subject of this Spend Matters PRO brief, offers a cloud-based solution that automates the A/P process from the time an invoice is captured and incorporated into the solution through the completion of the payment process, fully combining the processes of purchasing and receiving. This offers an opportunity for procurement organizations to improve purchasing and A/P linkages, reducing processing costs and accelerating approval times. In this PRO analysis, we offer an in-depth look at Yooz’s solution and its implementation process as well as how we see the provider expanding in the future.

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Applying HR Best Practices to a Procurement Organization

- September 25, 2015 2:28 AM | Categories: Procurement Commentary, Procurement Strategy & Planning

Business team Human resources has a place in procurement, Gert van der Heijden, executive editor of Spend Matters Netherlands, proves in another one of our most popular Ask the Expert webinars. In this webinar, Ask the Expert: The HR Side of Sourcing and Procurement, Gert explains how a procurement organization effectively hires and manages its team members. He takes listeners through how to pick the best candidates for the job, what competencies these candidates must have to be successful in the procurement role and how to keep them onboard and continue to elevate the organization’s sourcing process. Check out the full webinar in this post...

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Peering Through the Cloud of Hubwoo and Perfect’s Post-Merger Prospects

- September 24, 2015 2:46 AM | Categories: Analysis, M&A, P2P, Solution Providers

clouds Perfect Commerce recently announced it would acquire Hubwoo – it now owns the majority of voting stock and roughly 80% of outstanding shares. We’ve covered the deal previously, but we caught up with Perfect’s CEO, Hamp Wall, and asked some hard questions about go-to-market strategy, growth prospects, post-M&A synergies, product and service overlaps, partnerships – such as those with GEP – and other topics, which we’ll cover in the rest of this Spend Matters PRO brief. We’ll even discuss an industry-specific, custom procure-to-pay provider landscape study we performed earlier this year that is very relevant here.

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