Summer Album Review with NAO, Michael Kiwanuka and Tegan & Sara

Kiwanuka album

We missed our June album review for some reason, so this weekend we have a double-header to round up some of the most noteworthy releases […]

Down the Procurement Pub with Basware, Rich Doctors, Poor Workers and Tears & Marble

Strugglers

I’ve had a quiet week actually, catching up on writing after a long weekend partly “off work” (family commitments). I had one pub meeting planned, […]

Eved: Solution Review & Analysis [Plus +]

Eved

Global 2000 companies often spend as much on conferences and events as they do on advertising — and some spend more. All of this adds up to annual event expenditure easily exceeding more than $500 billion per year, with some estimates putting global spending significantly higher than this. To put this number in perspective, global conference and event spend is larger than the individual GDP of all but roughly the top 20 countries in the world. Yet unlike advertising spend, which is now often tightly managed and controlled through digital platforms — and even benchmarked competitively on an automated basis — event and conference spend is largely unmanaged, at least as we would define the process from a procurement perspective.

But Eved, which provides what amounts to a highly specialized source-to-pay (S2P) — with an emphasis on “pay” — suite, is bringing a closed loop supply management approach to events and conference spend in a manner that has not been done before. This Spend Matters Plus analysis provides an introduction to the Eved solution for procurement organizations looking to understand whether they should consider adding the provider to their shortlists and competitive alternatives.

Eved: Vendor Snapshot (Part 3) — Summary & Competitive Analysis [PRO]

Eved

The market for event management software is saturated — especially in the areas of planning and marketing. From targeting potential delegates to making attendee registration as simple as possible and coordinating disparate activities, traditional event management software can enable the basics operationally. And there is a broad range of providers to choose from. Yet the market for event management technology centered on procurement is nascent. Because of this, procurement has had only a limited ability to influence and manage spend effectively — and close the loop on supplier performance and payment — in targeting a spend category that only grows larger by the year (at least until the next global recession). Eved is hoping to change this, as well as drive seven- or even eight-figure annual savings for individual Global 2000 customers in the process.

This final installment of our multipart Spend Matters PRO Vendor Snapshot series covering Eved offers a competitive analysis and comparison with other similar or related vendors that companies may wish to shortlist. It also includes a user selection guide, user interface and user experience (UI/UX) analysis and summary evaluation and selection considerations. Part 1 and Part 2 of this PRO research series provide a company and deep dive solution overview, a SWOT analysis, product strengths and weaknesses and a recommended fit analysis for what types of organizations should consider Eved.

Public Spend Forum Europe – Public Procurement Highlights From This Week

View from KM 2

Public Spend Forum Europe is dedicated to European public sector procurement, and aims to be a global community and knowledge network for public procurement and the public […]

IT Supply Chain Developments and Their Impact on Buying Decisions

computer

Al Nagar, Head of Benchmarking, KnowledgeBus, Mercato Solutions, continues his series of monthly advisory pieces sharing recent movements and impactors within key IT product categories, to keep you up to date with the […]

A Tradeshift Outlook: Go Big or Go Home [PRO]

road

Three years ago, Jason Busch and I attended Tradeshift’s analyst day and we were intrigued by the potential of this platform-based e-invoicing application and network provider, which our colleague Peter Smith first analyzed back in early 2011 in his piece “Tradeshift — a Game-Changer in E-Invoicing (and Beyond) or a Danish Flash in the Pan?” To follow up on our intrigue and answer Peter’s initial question, my fearless colleague and P2P global analyst leader from Mexico City, Xavier Olivera, attended a session to assess how far the firm has come since then.

This Spend Matters PRO research note provides our perspective on where Tradeshift stands today from overall business, strategy, architecture and modular perspectives, including an analysis of its current functional capabilities, strengths and gaps. There’s an awful lot to be excited about — and, of course, some elements we are cautious on, as well.

The Latest From Edbury Daley On Procurement Recruitment Post-Brexit

Brexit

We very much enjoyed the Edbury Daley quarterly recruitment report recently, and the team’s thoughts on the impact of Brexit.  A month on from that […]

The Merger – Procurement Technology Should Be On The CPO’s Agenda

Do it now

We recently published our “novella” titled The Merger, written by Peter Smith of Spend Matters and Steve Cobley of procurement software firm Ivalua. Rather than […]

Eved: Vendor Snapshot (Part 2) — Product Strengths & Weaknesses [PRO]

Eved

One procurement technology size does not fit all for specialized and complex services categories. There is no better poster child for this statement than Eved, a technology vendor that has set out to build a closed-loop source-to-pay (S2P) platform for managing corporate events spend, creating value levers and capturing potential savings throughout the buying and management lifecycle. Since launching, the Eved platform has evolved to provide end-to-end event management capabilities that can go beyond simply sourcing and engaging event vendors but can also manage programs, schedules, budgets, purchase orders, services, invoices, receiving and other event-related requirements.

Eved supports the full event procurement process, including sourcing, supplier management, award, contract, change orders, invoices, reconciliation and payment, capturing all of the necessary data for analytics and tax management. The system also handles registration, attendee management and related activities. Expense reconciliation is in real time, budget updates are real time, purchasing policies can be created and enforced and the platform can be integrated with accounts payable (A/P) processes (which enables an especially clever savings lever compared to alternative event payables models).

This Spend Matters PRO vendor snapshot explores Eved’s strengths and weaknesses, providing facts and expert analysis to help procurement organizations decide if they should invest in a specialized event procurement platform. Part 1 of our analysis included a company and detailed solution overview, a SWOT analysis and a summary recommended fit suggestion for what types of organizations should consider Eved. The final installments of this multipart series will offer a user selection guide, user interface (UI/UX) analysis, competitive alternatives and evaluation and selection considerations.

Eved: Vendor Snapshot (Part 1) — Background & Solution Overview [PRO]

Eved

Global 2000 companies often spend as much on conferences and events as they do on advertising — and some spend more. All of this adds up to annual event expenditure easily exceeding more than $500 billion per year, with some estimates putting global spending significantly higher than this. To put this number in perspective, global conference and event spend is larger than the individual GDP of all but roughly the top 20 countries in the world. Yet unlike advertising spend, which is now often tightly managed and controlled through digital platforms — and even benchmarked competitively on an automated basis — event and conference spend is largely unmanaged, at least as we would define the process from a procurement perspective.

Conference and event savings opportunities abound not only through better sourcing, contracting and supplier management but also through active compliance and better payment models. Traditional “event” software companies like Cvent focus on helping companies make events better, not minimizing expenditure while maximizing event value across the procurement lifecycle. But Eved, which provides what amounts to a highly specialized source-to-pay (S2P) —with an emphasis on “pay” — suite, is bringing a closed loop supply management approach to events and conference spend in a manner that has not been done before.

This Spend Matters PRO vendor profile provides facts and expert analysis to help procurement organizations make informed decisions about whether they need a solution like Eved in addition to the event management, travel and expense (T&E) and related applications their organizations are likely already using. This multi-part research brief includes an Eved company and solution history and overview, company-level SWOT analysis, product strengths and weaknesses, competitor analysis, user selection guides and insider evaluation and selection considerations.

Technology, Platforms, Disruption and the Transformation of the Consulting Industry [PRO]

consulting

Few would disagree that the professional services industry is mature — business and delivery models and the actual industry structure have remained practically unchanged for decades now. This industry is not only mature but also massive and complex.

A long state of industry maturity is almost always a predictor of an approaching period of significant change — disruptive, transformative and most often both. As in other industries, technology and online platforms are already making their mark — and will do so increasingly.