In Case You Missed It … P2P Market Roundup

Staples

We can't comment on every press release that hits our desks, but here are a few market news stories this week that we thought we should bring to your attention, and some of our own you may have missed - we'll have more from our analysts in the coming days  ...

Icertis Picks Up Momentum

Enterprise cloud-based contract lifecycle management specialists, Icertis, have been on a tear lately. Over the past few months, they have been announcing new wins and new products at an accelerating pace. The recent slew of announcements include new customer wins with Centennial Coal and Treasury Wines in Australia, Lantmännen and Bertelsmann in Europe and Norfolk Southern in the US. The geographic and vertical industry diversity speaks to the broad market interest we at Spend Matters are seeing in the larger CLM category. The company also made a major product announcement with the Icertis Blockchain Framework, its innovative effort to merge a contract management platform with the power of blockchain to address supply chain sustainability. Lastly, the company was named a finalist out of 500,000 vendors for Daimler’s Supplier of the Year award. More details here.

Brexit The Bigger Picture: Rethinking Supply Chains

McKinsey & Company’s UK and Ireland Office has released new research, based on interviews with executives at about 50 firms across the UK, looking at the impact Brexit is having on supply chains. The answers reveal deep concern about the near-term uncertainty and impact of Brexit, but limited preparedness for the ongoing ambiguity about UK-EU trade that could be with us for years to come. It concludes that companies can respond to the ongoing uncertainty by reinventing their supply chains – not just to protect against near-term disruption, but to deliver long-lasting improvements in resilience, flexibility and bottom-line performance. An accompanying article offers six steps for rethinking supply-chain strategy, operations and organisation.

Extreme Self-Service Procurement Is Coming

Next Wednesday, May 15, our chief research officer Pierre Mitchell will take the hot seat in a KPMG-hosted webinar explaining why the time is now for business models to adapt and technology to be optimised for extreme self-service in procurement. He takes part in an interactive discussion about how procurement leaders can implement and enhance the concept of employee self-service across different channels with immediate, actionable impact. Join us next Wednesday at 11:00 am EDT / 16.00 pm BST. More details and registration is here.

Coupa Completes Acquisition of Contract Lifecycle Management Leader Exari

Coupa announced this week that it has completed its acquisition of Exari, extending the business spend management firm's contract management solution with advanced CLM capabilities. These include - 'functionality for contract creation, collaboration, and discovery, enabling companies to comprehensively manage the entire contract lifecycle and operationalize their contracts against spend transactions,' according to the press release. “Contracts are not just the heart of business-to-business commerce, but also the brains; yet, most contracts are just 'dumb' documents,” writes Pierre Mitchell, Spend Matters’ Chief Research Officer. Read more here from him at Spend Matters.

Bank of England and 4C Associates Honoured for Outstanding Achievement in Procurement

Bank of England in partnership with procurement consultancy 4C Associates have been awarded the UK National Government Opportunities (GO) Excellence in Public Procurement Awards for procurement leadership in recognition of their outstanding achievement in procurement. Hosted by BiP Solutions Ltd, the GO Awards recognise outstanding achievement in procurement across the public, private and third sectors. This award was for the category: GO Procurement Leadership of the Year Award. Read more here for the list of winners.

Industry Analysts vs. Technology Analysts – Explained At Last!

Spend Matters founder and CEO, Jason Busch, examines the difference between what we think is an industry analyst and what we think of as a technology analyst. Through his years of working with both, he captures how their capabilities and knowledge compare and attempts to clarify just how much they differ.  But he does conclude that there is a place for both, as exemplified within the Spend Matters team – read his musings here.

riskmethods Named Finalist in 2019 World Procurement Awards

riskmethods, a leader in supply chain risk management, announced it has been shortlisted for the 2019 World Procurement Awards for its commitment to innovating risk management through the latest advanced technology. Specifically, riskmethods has been nominated for the Procurement Technology Award, alongside other supply chain and procurement organisations. Read the press release here.

 

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