Contingent Workforce and Services (Part 3) – Automated, Outsourced Solutions: Is the Market Ready?

Following our posts last week on the changes in the contingent workforce and services market in 2018 and what we can expect to see in 2019 – from our US analyst here and from Comensura here – today we add some extra European flavour,  from Maistro, a UK-based online marketplace for businesses seeking vetted service providers. Throughout the past year, industry analysts have been encouraging procurement professionals to take note of the explosion of activity transforming procurement, particularly due to new tech in the market. As Andrew Karpie, Spend Matters US-based analyst, suggests, a complete overhaul of the services procurement area is in the works as procurement vendors re-skin and enhance the technology behind their sourcing solutions to maintain market share and compete in an increasingly tech-driven market. Consumer-based buying preferences are heavily influencing technology enhancements as AI efficiently replicates mundane decision-making in the business environment.  The potential benefits this [...]

Best Practices for Your P2P Implementation Project And How to Keep it From Becoming a Nightmare [Plus+]

complex sourcing

Editor's note: This is a refresh of our 2015 series on running a successful P2P implementation, which originally ran on Spend Matters PRO. Read Part 1 here.

In the Spend Matters webinar “Nightmare on Procurement Street,” we discuss how to successfully implement a procure-to-pay solution (P2P) and avoid the process from turning into a terrible experience. This 2-part Spend Matters Plus series lays out what tips we suggested for procurement organizations embarking on a P2P project. This is not meant to be an all-inclusive, step-by-step implementation guide, however. We simply want to share our best practice ideas based on our experience and our discussion in the webinar. Today, we will focus specifically on project management as a procurement responsibility, as well as ensuring finance and accounts payable (A/P) are included in the P2P implementation project. Other areas we will cover are remembering the importance of supplier integration, system testing and user training in the P2P process.