technology Content

Leveling Up to E-Sourcing Mastery: A Collaborative Approach

With many procurement organizations using their solutions on only a quarter of applicable events, it’s clear that e-sourcing solutions have a ways to go to reach full adoption. From overwhelming practitioners with functionality to overemphasizing the prescriptions of industry analysts and consultants, e-sourcing providers have failed to help procurement realize the full benefits their solutions can offer. But it doesn’t have to be this way.

‘Appy Procurement: Applying the AI-Powered Customization of B2C Apps to B2B Procurement Technology

on-demand workforce

“There’s an app for that!” Well, of course there is. These days, there are apps for nearly everything in the B2C sphere. And B2B, including procurement technology, is gradually catching up. Solution providers are using artificial intelligence and other cutting-edge technologies to make procurement “smarter” and more relevant to users. Last week, Pierre Mitchell, chief research officer at Spend Matters, and Paul Blake, senior manager of technology product marketing at GEP, held a webinar on this trend, appropriately titled “There’s an App for That: Procurement Gets Smarter.”

How Coupa, SAP Ariba and Basware Really Did in Our Q4 SolutionMap

In a paean to the recent Q4 SolutionMap release and subsequent personal analytical take on the three solution providers in this headline, Spend Matters Founder Jason Busch let everyone in on a not-so-secret secret. “Despite our marketing claims of having invested ‘hundreds of hours’ of analyst time in the process, the actual number felt like more in the thousands, by my own accounting,” Busch wrote. “I told one of my colleagues I felt like I was ‘in the Matrix’ at one point when looking at technology provider demonstrations.” While we’ve created a PO for an exact replica of the spectacles worn by Laurence Fishburne’s Morpheus in “The ‘Matrix” films to give Jason as a surprise (oops!) gift, we wanted to make sure to do justice to those many hours of collective team effort — by filling users in a bit more about what they can get out of SolutionMap.

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Beeline Announces Upgrades to IQN VMS: What This Means for Customers

Last week, contingent workforce solution provider Beeline announced a series of upgrades to IQNavigator’s vendor management system (VMS). The announcement comes about 10 months after the news that Beeline’s parent company GTCR plans to merge Beeline and IQNavigator into a single firm. We caught up with Brian Hoffmeyer, group vice president of marketing strategies at Beeline, to find out what the upgrade entails, what it means for Beeline and IQN clients, and how it fits into the solutions’ longer-term roadmap.

Innovative Talent Sourcing Firm Genesys Talent Adds AI to the Mix with PREDICTe

Genesys Talent LLC (Genesys), an innovative talent sourcing and talent cloud curation firm headquartered in Houston, recently announced the release of PREDICTe, an AI-based set of capabilities for building and creating talent clouds.

Just over a year ago, we reported that Genesys had raised $2.1 million in a seed round that would be used to expand the Genesys team, invest in additional technology and enhance its existing talent sourcing and curation process. Since that time, the company has formed a data science team and have been developing PREDICTe. The solution has been in pilots with a number of businesses, and according to Genesys, the results have been very positive.

We recently had a chance to talk with the Genesys team to get further insight into PREDICTe and how it fits into the Genesys talent sourcing and curation model.

ICYMI: SolutionMap Q4 Release is Here

In case you were looking for a new analyst framework by which to compare procurement technology solutions for your organizational needs — in a more customized way than ever before — boy do we have something refreshing for you. Enter the Q4 release of Spend Matters SolutionMap. In a video, we take you on a '50-cent overview tour' of how SolutionMap works, what it contains, and how it's created.

Zycus Horizon 2017 Dispatch: Exploring Zycus’ Products and Modules Across Source-to-Pay

Earlier in the week on the mainstage at Zycus Horizon, Aatish Dedhia, Zycus’ founder and CEO, provided an overview of his firm’s current and emerging product footprint. The suite is “comprehensive,” to use a word Dedhia favors in describing it. To his credit, Zycus arguably offers one of the broadest suites available today, albeit with varying degrees of depth and comparative functionality. While our definition of what falls into a particular module or another may differ from how various providers define it, here’s how Zycus explains its footprint today.

Zycus Horizon 2017 Dispatch: Blockchain, Robotic Process Automation and the Cloud

At Zycus Horizon, I participated in two panel discussions, one as a “pinch hitter” and the other with some up-front planning. One centered on the impact of robotic process automation (RPA) and artificial intelligence on the future of procurement technology and the procurement function, while also tying in cloud, blockchain, the internet of things (IoT) and other disruptive technology areas. The other panel touched on these topics but emphasized the future of the user experience in procurement technology.

Zycus Horizon 2017 Dispatch: 5 Impressions From The Event So Far

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Xavier Olivera and I have spent the past 24 hours at Zycus Horizon. We’ve been in and out of sessions, had conversations with customers and partners, and spent significant time talking to Zycus management. While we did not spend too much time in New Orleans digging into Zycus’ latest product releases, we’ve spent a dozen or so hours in the past quarter reviewing Zycus’ core procure-to-pay (P2P) and strategic procurement technology modules. Factoring these sessions into account and what we’ve learned at Horizon, we thought we’d do a “shoot from the hip” list of impressions from the event this year.

Can Procurement Save the Government?

Think about the role of effective government: defend the nation from risks and support the citizens, with minimum tax burden. And in a capitalist society that is of, by and for the people, the government needs to tap market innovations of the same people it serves to solve big problems, be it national security, healthcare or recovery from disasters. The same is true in commercial enterprises. Procurement in companies is chartered with bringing in innovations and helping defend the enterprise from external risks in the supply chain while also helping maximize value to demanding stakeholders.

Zycus Horizon 2017 Dispatch: By the Numbers and Hinting at the Future

Xavier Olivera and I are on the ground in New Orleans (post “supply risk weather incident”) to attend the Zycus Horizon 2017 customer conference. Early in the afternoon, after a late start because of the hurricane — the storm, not the drink! — Aatish Dedhia, founder and CEO of Zycus, took the stage to provide an update and outlook on Zycus.

Is Artificial Intelligence in Procurement Mostly Just Overblown Marketing Hype? Basware’s Eric Wilson Weighs In

In Part 2 of our conversation with Eric Wilson, VP of P2P at Basware, we touched on the inherent risks of computers making decisions that have historically been reserved for humans. While it may not seem as life or death in procurement as it is in the case of, say, autonomously driven Uber-Volvos being involved in rollover accidents, there is still a lot of work to be done when it comes to massaging out the kinks. How much work, exactly? Are we in the full throes of the revolution, or in the eye of the storm? Enough with the metaphors — here’s the final installment of our conversation with Wilson.