Spend Matters welcomes this guest post by Santosh Reddy, of GEP.
Being a consultant, I travel quite frequently and, weather permitting, prefer to drive to my client’s location over taking a flight. I’ve clocked well over 15,000 miles in the last 12 months. But as much as I like driving, it does get boring, and I make up for it by observing driver behavior and drawing analogies. This article is a collection of a few such lessons I learned drawing these analogies.
Join us Thursday, Dec. 10 at 1 p.m. CDT, for the webinar, Digital and E-Signatures: Everything Procurement Needs to Know! Our own Thomas Kase, vice president of research, will be joined by the Silanis team for an all-hands-on-deck tutorial on the power of digital and e-signatures. For those who don’t know anything about the topic: We promise to bring you up to speed fast! For technology and signature geeks: We promise you’ll take away at least at least a few examples of how digital and e-signatures can generate serious value for business users you hopefully hadn't thought of before and improve the return on other solution investments. Sign up today!
We’re looking forward to getting a briefing, demonstration and related update from SciQuest on its latest 15.3 release in December. Throughout 2015, the vendor has been able to cram a significant amount of contract management, supplier management and sourcing product IP from acquired assets into a common purchase-to-pay (P2P) platform stack. This now unites deep functional “upstream” and “downstream” capabilities on a single data model, an approach that brings greater consistency than almost any other provider.more ▸
Spend Matters welcomes this guest post by Mickey North Rizza, vice president of strategic services at BravoSolution.
The discipline of managing supplier spend is core to the mission of any procurement organization. After all, what good are the hours spent on negotiating and locking in the best possible price for goods and services if, at the end of the fiscal year, the budget has been blown?
We here at Spend Matters continue to our deep dive into digital and e-signatures. Have you heard? They're not one in the same. And have you heard? They affect procurement and contract management in a major way. The Spend Matters team presents this brand new, complimentary research brief: E-Signatures and Digital Signatures: 10 Things Procurement Needs to Know. Claim your copy today!more ▸
Last week, Spend Matters Vice President of Research Thomas Kase delved into the cloud solution debate and targeted what The Wall Street Journal got wrong in a recent article on the topic. Our Plus post, titled WSJ Falls Short: What Procurement Should Do in Cloud Contracting — Beyond the RFP, got the attention of the WSJ, too, and a mention in the publication’s Morning Download News report.more ▸
Cloud e-procurement is procurement. It’s time to declare CD versions of e-procurement software — and in most cases, broader procure-to-pay (P2P) solutions, inclusive of e-invoicing — dead. Cloud e-procurement has not only become the de facto standard for even large companies going into new software selection processes. It is also now the perceived migration path for the majority of those organizations that we have spoken to recently that have previously deployed and installed software solutions such as Ariba Buyer, SAP SRM, Oracle eBusiness Suite or PeopleSoft SRM.more ▸
Spend Matters welcomes this guest post from IHS.
Computer prices continue their inexorable decline. Average selling prices (ASPs) in all categories of computers are expected to slip over the next several years, even as the characteristics of the computers continue to rise — faster processors, more memory, more storage. This follows persistent price declines for computers over the recent past.
Fiverr has now joined the most highly funded companies in the work intermediation platform (WIP) space. The a freelance marketplace platform, founded in 2010, announced a $60 million financing round Wednesday led by Square Peg Capital, along with existing investors Bessemer Venture Partners, Accel and Qumra Capital. This is the sixth round of financing in five years, bringing the total private equity funding to a stunning sum of $110 million.more ▸
Event Recap: VMS and Services Procurement Technology Selection in 2015 — New Tools, Shifting Strategies, False Prophets and More!
Are you looking for a vendor management system (VMS)? If so, you may have questions about which one is best for your business. The right VMS can result in cost savings, risk mitigation and increased visibility into your contingent workforce management program. That said, selecting the right VMS is not an easy task. There are a lot of “moving parts" and elements to manage if you want to get it right. Not only that, but the VMS you do choose will affect the entire organization.more ▸
Stride Health Hits its Stride, Expanding Its Position with New Partnerships in the Freelance Economy
We recently reported on the partnership and integration between Intuit Self-Employed and Stride Health as another milestone in the development of an independent worker-facing support services ecosystem, something we said “is essential for the continuing growth of the independent workforce.” Stride Health has been active on its own, over the past year, partnering and integrating with a range of platform companies that enable individuals and businesses “that require products and services” and independent workers “that can provide them.”more ▸
It seems that sometimes certain business segments provide the right conditions to catalyze digital transformation of old ways. While procurement may be most familiar with multicategory online marketplaces, most emerging solutions are quite segmented — and there is variation across segments. New work intermediation platforms (WIPs) serving media businesses illustrate how these solutions both use networked technology to transform old practices and address specific segments to engage specific worker types.more ▸