In Case You Missed It … P2P Market Roundup

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  ...

Late Payment Curse Rears Its Ugly Head Again

This week, David Gustin, chief strategy officer for The Interface Financial Group responsible for digital supply chain finance and contributing author to our sister site Trade Financing Matters, asked in his article on late payment: should we regulate, shame or just deal with it? In it he said of the recent government crackdown on late payers: “The UK government has been the only active government that is trying to address payment term extension, literally providing transparency into what has always been a private business-to-business contractual event. It certainly has popular support in this day and age of populism and resentment of big business (i.e., “Break up the techs”), and it appears some progress is being made. It certainly takes stamina and diligence to keep this going, and it appears for now, the UK government is willing to ensure signatories honor their pledge or kick them out.”

Ivalua's Unicorn Status

This week we reported on cloud-based spend management firm Ivalua, announcing it had secured $60 million in growth equity funding from Tiger Global Management and Ardian Growth. This gives the firm start-up ‘unicorn’ valuation of $1 billion. But long before becoming a $1 billion unicorn company, it had consistently shown up on the radar of Spend Matters’ analysts for years. Read about that here. And more on Ivalua from our analysts on customer reviews and competitor analysis.

Field Nation Launches Simplified Workforce Management Platform 

Workforce management provider Field Nation has released its latest solution to manage full-time workers, freelancers, contractors and vendors. Field Nation ONE is a single platform to help businesses simplify workforce management in terms of onboarding and organising talent, managing project workflow, and reporting. Read more here.

Hub Group's New Shipment Initiative

Supply chain solutions provider Hub Group has launched end-to-end visibility with real-time shipment-level ETAs. Hub Group CEO David Yeager said: “We’re combining our nearly 50 years of supply chain solutions experience with emerging technology to raise the stakes on what a sophisticated supply chain should look like, delivering the real-time, trusted ETA data essential for our customers’ success.” Read about that here.

SolutionMap Personas in the Spotlight

Spend Matters has begun a series of personal essays on its unique solution provider rankings methodology SolutionMap - each analyst is outlining his favourite 'buying persona' (Nimble, Deep, Turn-Key, Configurator, CIO Friendly as well as Optimizer for sourcing providers and Global for CWS vendors). Read what Jason Busch has to say here, and Pierre Mitchell here, just for starters.

Positive Purchasing's New Version of Red Sheet Online

Positive Purchasing has announced the launch of version 4.0 of its Red Sheet® Online digital negotiation platform - a comprehensive suite of resources for anyone engaged in professional negotiation. The new release provides the sep-by-step guide to negotiation along with an increased library of video tuition and e-learning modules and a wealth of tools including templates, a culture hub, quick reference guides, a body and spoken language module and a library of 100 negotiation tactics and techniques. Read more here.

Elemica Drives Innovation with Recent Supply Chain Quality Solution Acquisition

Digital Supply Network for process manufacturing industries, Elemica, announced two significant enhancements to its Supply Chain Quality Management Solution, Elemica Quality. The new capabilities help minimise risks and manufacturing disruptions related to the quality of goods from suppliers during the pre-shipment process. Read that here.

Refocusing Marketing Procurement Practices

As part of an effort to transform the procurement process into something more than a “cost killer,” the World Federation of Advertisers (WFA) has created a new Global Sourcing Board. It is tasked with helping to realign corporate procurement practices as they apply to marketing more toward investment and growth goals, along with the usual cost-savings mandates. Read more here.

Supplier Master Data - the Path to Digital Nirvana

Following a successful previous event (read about that here) HICX is hosting another breakfast roundtable to discuss the age old problem of supplier data and how to reach the 'digital nirvana.' With talks from from Costas Xyloyiannis, CEO of HICX and Giles Breault, Principal of The Beyond Group and ex-CPO of Novartis, it aims to make attendees think about, and leave them with plenty of ideas about, how to tackle the supplier data problem leading to readiness for procurement transformation. The event takes place on June 6th (London) and then again June 13th (Amsterdam) - each event is limited to 10/15 attendees to ensure an intimate yet open conversation. As such, there are only a few places left for senior executives wishing to join other CPOs and Heads of Transformation, so do register quickly for London or for Amsterdam.

Other stories this week worth a look ...

UPDATE: With Barry Padgett leaving SAP, what’s next for new Intelligent Spend Group?

Norway tops annual FM Global Resilience Index of 130 nations’ business climates

Confessions of an RPA Salesperson

 

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