Tagged Content: Plus or PRO

2015: A “Banner Year” for Invoice Discounting

- October 22, 2014 2:13 AM | Categories: Analysis, Invoicing

Invoice discounting is about to hit the afterburner with significant program acceleration inside existing accounts as well as new program implementation and adoption in 2015. In the second installment of this two-part Spend Matters PRO research brief, Jason Busch, founder and managing director, Pierre Mitchell, chief research officer and managing director along with David Gustin, managing director of Trade Financing Matters, explore 10 reasons for this growth. Part 1 of this series included reasons 1-5. In Part 2, we cover reasons 6-10.

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SciQuest 14.2 Update Part 2: Total Supplier Management – Sophisticated Supplier Lifecycle Management Solution Renewed

In Part 1, we looked at the new TSM (Total Supplier Manager) 14.2 release by SciQuest. Details included a Base TSM with extendible functionality on a core Java framework shared with the rest of SciQuest’s suite offering, which concludes the migration of AECsoft IP from the older .NET architecture to SciQuest’s core platform. Read on to hear more insights in Part 2.

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10 Reasons Why 2015 Will be the Year Invoice Discounting Growth Hits an Inflection Point (Part 1)

- October 20, 2014 6:28 AM | Categories: Analysis, Invoicing, P2P

There. We’ve put a date on it. 2015 will be the year invoice discounting growth hits a true inflection point with many procurement and A/P organizations finally moving away from poorly managed static payment terms. What type of growth are we talking about? At Spend Matters, we would argue that from a relative dollar standpoint (i.e., discounts captured based on dollars advanced early to suppliers), we will see in excess of 25% growth from programs in 2015 within the Global 2000. There are many elements coming together to create what we view will be a banner year in 2015 for invoice discounting. In this two-part Spend Matters PRO research brief, Founder and Managing Director Jason Busch, Chief Research Officer and Managing Director Pierre Mitchell along with Managing Director of Trade Financing Matters David Gustin explore 10 of them.

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Best of Spend Matters Network – Week of Oct. 13

- October 17, 2014 10:18 AM | Categories: Best Of

Enjoy this week's "best of" roundup from the Spend Matters Network. Here we share the most noteworthy or popular articles our websites posted throughout the week.

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SciQuest 14.2 Update: Total Supplier Management – Sophisticated Supplier Lifecycle Management Solution Renewed

SciQuest has released version 14.2 of its Total Supplier Management (TSM) solution. The bulk of the high-end SLM (supplier lifecycle management) and SIM (supplier information management) intellectual property contained in its 14.2 TSM offering was originally obtained through the AECsoft acquisition nearly 4 years ago, and the AECsoft’s .NET architected solution has now been almost entirely moved over to SciQuest’s Java-based framework as well as received a solid UI/UX scrubbing. Hats off to SciQuest for accomplishing this.

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Ask the Expert Webinar Tomorrow! Grab Your Shades: The Future of Spend Analytics is Bright

- October 16, 2014 8:11 AM | Categories: Ask the Expert, Spend Analysis

In this week's Ask The Expert webcast on Friday, October 17 from 10-10:30am Central, Spend Matters Chief Research Officer Pierre Mitchell will give the 50-cent tour of our "50 Shades of Pay" Plus series on spend analysis. Pierre will introduce the analytics framework being used for the series and then provide a roadmap of how spend analytics is a gateway to spend/supply management excellence, starting with historic spend visibility, but then broadening to analytics in procurement performance, supply base performance, and compliance management. And there's more – much more! The session will also cover related areas of master data management, planning and budgeting, working capital management, risk management, and predictive analytics. Sunglasses not provided, unfortunately. Plus/PRO members, click on through to register.

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Get the Most Out of Invoice Discounting Programs, Supplier Uptake and Savings

- October 16, 2014 2:39 AM | Categories: Invoicing, P2P, Suppliers

Last week we considered a number of the findings from Taulia’s recent survey of 3,800 suppliers using its network. The findings we previewed contain a number of key (highly positive, in our analysis) data points to suggest that the potential for adoption of invoice discounting programs within a diverse supply base is material indeed. Today we continue our analysis of the supplier survey data that Taulia shared at its event and conclude with key takeaways for practitioners, providers and lenders to maximize invoice discounting enthusiasm, uptake and savings.

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Cloud: “It’s All Hype”

- October 15, 2014 2:25 AM | Categories: Analytics, Cloud, Technology

file0001433798878 In Part 1, we read about some of the details that lurk under the surface of the deceptively simple “cloud” label. Part 2 has the first half of our exclusive interview with Steve Brooke – serial CTO at Procuri, CombineNet and other firms – and his comments on cloud, SaaS and what is important when developing as well as buying scalable, reliable cloud solutions. This final part concludes the interview with Steve, and wraps up with some takeaways for buyers looking for cloud solutions.

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The Cloud Hype: What Makes Sense For Businesses?

- October 14, 2014 2:49 AM | Categories: Analytics, Cloud, Technology

1388625479i9qd5 Part 1 of this series looked at various permutations of cloud and SaaS solutions – with a statement Larry Ellison has made at several Oracle Open World events, as well as thoughts from Spend Matters Thomas Kase and Pierre Mitchell. With those thoughts, I turned to Steve Brooke, a serial SaaS, ahem, cloud CTO – notably at Procuri (now Ariba) and later CombineNet (now SciQuest) in the procurement solution space. Read on to hear Steve's thoughts and comments about the cloud hype in the context of what actually makes sense to businesses from an operational point of view.

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50 Shades of Pay: Shade 7 – Purchase and Payment Historical Spending

- October 13, 2014 2:36 AM | Categories: Accounts Payable, Purchasing, Purchasing Process

In the last six installments of this research series, we’ve talked about the numerous ways to mine and utilize payment history data to create value. But, you can't really do spend analysis without analyzing purchase history too. In other words, we are now going to analyze what you purchased rather than just whom you paid. In our next two installments, we will talk about more granular insights into receiving and upstream into requisitioning. And only then we will get into how to automatically classify line item details into a spend category taxonomy and cross reference that spending data back to contracts. So, for now, we are just going to focus on purchase orders.

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Best Of Spend Matters Network – Week of Oct. 6

- October 10, 2014 10:25 AM | Categories: Best Of

file9411346624378-1 Happy Friday! And welcome to this week's Best Of Roundup – giving you the most popular and noteworthy articles published on the Spend Matters Network throughout the week. Enjoy!

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Diving Into the World’s Largest “Guided Buying” E-Procurement Implementation

- October 9, 2014 6:41 AM | Categories: eProcurement / Procurement, P2P

In this Spend Matters Plus article, we dive into some of the details at what is likely the largest implementation of “guided buying” currently underway in the world. What’s interesting though is not just the scale of this global implementation, but its approach. The firm has 10-digit spending across dozens of countries with more than 100,000 active users who access a unified catalog, category-specific “smart” requisition templates, specialized punch outs to category-specific systems and integration to internal shared services centers. What’s also surprising is what solution provider is actually powering it.

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