Tagged Content: Technology

Webinar on Thursday: Are Digital Signatures that Important? Yes, Indeed

- July 29, 2014 9:05 AM | Categories: Ask the Expert, Best Practice, Procurement Strategy & Planning

You may have caught Pierre Mitchell's piece from last week on this topic (In Defense of the Signed Document), and we want to take it even further. Therefore, we're opening up this week's Ask the Expert webinar (on Thursday from 11-11:30 am Central) to ALL Plus/PRO members and procurement practitioners. As the orchestration between buyers, suppliers, and other third parties becomes more complex and increasingly digital, the need to seamlessly move across the document/data spectrum becomes more critical. Why? Jason Busch will count the ways.

more ▸

Coupa Versus the Suite Wor(l)d

- July 28, 2014 10:56 AM | Categories: Procurement Commentary, Solution Providers

After we published recently an article on what a suite constitutes, the people at Coupa contacted us, insisting that they should also be considered among the suite (source-to-pay) providers. Always ready to amend and update to give our readers the most accurate picture, we have now had a briefing with Coupa. While the company is best known for their procure-to-pay solution, their solution also includes many other areas. The question is of course: do they have a true end-to-end sourcing and procurement suite? Arguably Coupa has a more solid suite claim than BravoSolution does with their Basware fuelled approach (or vice versa). But what about others? In this Spend Matters PRO research brief, Thomas Kase, VP of research, “parks” the traditional suite definition and explores what Coupa has up their overall sleeves today -- a different type of suite.

more ▸

New Downloadable Paper from Trade Financing Matters

- July 28, 2014 6:20 AM | Categories: Learning / Research, Trade Financing

"C2FO’s Marketplace Model Attracting Attention" is a new paper from David Gustin (managing editor, Trade Financing Matters). In it he outlines the strengths, weaknesses, and ultimate upside of the C2FO early payment model. Here’s an excerpt: “C2FO is an online, early payment system that hosts a daily market, where suppliers make dynamic bids for accelerated payment of their approved invoices by discounting those invoices in real-time events. C2FO has been described as a private NASDAQ for cash flow between buyers and their suppliers.”

more ▸

LeanLinking Brings Social Media Principles to Procurement and Supply Management

We've been talking for some time on the different Spend Matters sites about how social media principles and approaches will inevitably make their way into the business and procurement world, yet progress has in reality been pretty slow. The innovative Rollstream has been assimilated into GXS, now itself part of OpenText, and seems pretty low-profile these days. However, there are signs that things are changing. Sourcemap is a more recently established firm that has an interesting approach, including some aspects of supply chain collaboration with a social media slant. Mark Perera, one of the founders of Procurement Leaders, is involved in Old Street Labs, whose new Vizibl platform is in its testing phase (we'll feature it as soon as you're ready, Mark). The platform looks to use some of the core social media principles in a business environment. And now we have LeanLinking starting to make a splash. This Spend Matters Plus research brief, by Peter Smith (managing editor of Spend Matters UK/Europe), looks at what LeanLinking has to offer and which organizations would benefit from the technology.

more ▸

Webinar On-Demand: Choosing Your Supplier Management Suite

- July 21, 2014 6:45 AM | Categories: Supplier Management

No need to mark your calendars for this webinar! Jason Busch (founder and group managing director) examines the ongoing debate on supplier management technology in this on-demand recording. The “sweetest suite” path could come in the form of a module, a suite or a best-of-breed scenario, but if you’re currently stressing about which road to take, then this webinar is for you.

more ▸

Demica’s Three Core Supply Chain Finance Solutions

Demica is owned by J.M. Huber, a diversified multi-billion dollar family-owned company headquartered in the U.S. with operations and staff located globally. I had to ask what a company of this size is doing owning a vendor in the supply chain finance market. After all, J.M. Huber is a diversified multi-national company dealing with engineered materials and natural resources. Huber established a financial services division in 1997 and started working with Demica in 2001. In 2002, they acquired the platform. But just what does Demica do? Their three core products are focused on supporting supply chain finance, invoice discounting, and trade receivables securitization.

more ▸

Ask the Expert is Back: Intellectual Property, Patents, and Proprietary Procurement Solutions

- July 15, 2014 9:03 AM | Categories: Ask the Expert

We’ve been running a series on patents in procurement solutions in general, and Ariba’s stash of IP goodies in particular (check in on Spend Matters to read them). This week’s Ask the Expert, run by Thomas Kase, VP Research at Spend Matters is more of his layman’s perspective on Ariba’s cache of patents, what they cover, and who might be in violation. Plus and PRO members, this one's for you! Click on through to register.

more ▸

Using Technology to Transform Sourcing and Supplier Management: Build or Buy?

- July 10, 2014 2:23 AM | Categories: Guest Post, Sourcing, Supplier Management

Construction worker The first two posts of this series by Directworks' Michael Cross looked at the people and process aspects that manufacturers must consider as they start working on sourcing and supplier management transformation. Once the hiring, skills development, and process improvements are on the right track, it is time to turn to technology. If you are a manufacturer, true sourcing and supplier management transformation requires tools that enable automation, integration, standardization (but with configurability), collaboration, and real-time analytics. Email and spreadsheets cannot be your primary system, and general-purpose e-sourcing tools cannot handle the complexities of direct materials sourcing. A technology solution is absolutely required. The question is: will you build it or buy it?

more ▸

What Lies in Contract Metadata?

- July 8, 2014 6:31 AM | Categories: Analytics, Contract Management

Metadata is of particular interest and importance within contract management – and the topic is even timelier now given Selectica’s acquisition of Iasta. On a previous webinar on the topic, my colleague Peter Smith and I made a number of observations on the topic, starting by noting that some metadata are practically trivial, such as the name and type of contract, contracting parties, and dates of the contract. Things get more interesting as you peel the figurative onion. Another procurement perspective layer can include such areas as price, quantities, delivery time, discounts, rebates, payment terms, expiration, and renewal dates – which are typically added to alerts and used to integrate with other software solutions such as ERP and e-procurement solutions.

more ▸

Spend Matters 50/50: SpendHQ – A Provider to Know

- July 7, 2014 6:26 AM | Categories: Analytics, Solution Providers, Sourcing

Over the years, ISG has run sourcing analytics and services in a consultative fashion and along the way built a SaaS-delivered software solution (a.k.a. toolset) for spend visibility and category management, as well as data optimization services. Originally just for internal use as they worked with clients, this took on a life of its own as some of ISG’s clients expressed interest. It’s a natural step along the path of self-service that many organizations embark on. These days the tool is managed as an independent business – although under the same ownership as ISG.

more ▸

Spend Matters 50/50: Insight Sourcing Group – A Provider to Know

- July 4, 2014 6:48 AM | Categories: Solution Providers, Sourcing

“When you can’t be bothered to source it on your own” – would be a rather simplistic quip to explain what Insight Sourcing Group does for their customers. The Atlanta-based firm takes a full service and hands-on approach in all sourcing areas. They get their hands dirty analyzing all your spend data and develop a list of sourcing projects that will deliver the best bottom line bang. Over the years they even developed their own spend analytics solution for this purpose – and spun it out into a separate business entity, SpendHQ.

more ▸

Spend Matters 50/50: Corporate United – A Provider to Know

- July 3, 2014 6:21 AM | Categories: Purchasing and Sourcing, Solution Providers

After a second hiatus, we're back to covering providers who made our 50/50 list this year! Now, on to Corporate United, a provider to know. Some providers in the procurement services market can be very complex and difficult to understand – and then there are group purchasing organizations (GPOs) like Corporate United. Buying consortia have been around for hundreds of years (think agricultural co-operatives), and the core value proposition remains unchanged: there is buying power in numbers.

more ▸