In Case You Missed It … Procurement and Supply 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 may have more from our analysts in the coming days  ...

Spend Matters webinar with GEP – Transforming Direct Procurement

Don’t forget to sign up for our webinar on October 10th with GEP at 3pm. We aim to help procurers confront and tackle the changes and challenges that direct procurement is facing now. Approaches to direct procurement are different from those of indirect, so we will help organisations juggling this complex and high-risk environment to understand what a different approach will look like through harnessing new technology. Read more here and register here.

Smart Company Cards Complement Yordex Spend Management Suite

Fintech firm Yordex has launched smart company cards as an addition to its suite of spend management software. The cards allow employees to make autonomous purchases within set spending limits. Receipts and invoices are automatically matched with expenses, applying the correct VAT rate, businesses can also manage online spending, such as subscriptions, through virtual cards, avoiding the need for physical cards.  The cards are fully integrated with Yordex’s spend management platform, so businesses can capture real-time spend visibility and control through its financial reporting tools. More here.

Coupa Inspire announces keynote - Rachel Botsman

Trust expert, TED speaker and regular contributor to publications including Harvard Business Review and Wired, Rachel Botsman, also author of the critically acclaimed Who Can You Trust? is announced as a keynote speaker at Inspire’19 EMEA. She will be appearing on November 6 (the first day of the two-day event) addressing
why trust matters more than ever in the digital age and will talk about how technology is radically transforming human trust. Read more about Inspire here.

Startup: online platform matching buyers to suppliers with right products and company values

Procurement consultancy Novo-K has launched a sister company to provide global support to financial directors and procurement managers in the form of an online that helps buyers to find the right suppliers, based on their products and company ethics. JoCoBu (Join, Collaborate and Buy) founder Kavita Cooper saw a need for a quicker and easier way to find and approach the right suppliers based on their location, category, reviews and, importantly, their ethical values. Read more here.

New procurement pain killer released - ProcurementFlow

Announced at Digital Procurement World this autumn, ProcurementFlow.com is a cloud-based platform which radically changes how the procurement function works. It is founded by procurement people and made for procurement teams to manage their work and cooperation with internal and external partners. "... procurement has a major effect on company’s bottom-line and ProcurementFlow.com enables procurement teams to become as important as sales people” said Tarmo Saidla, CEO of ProcurementFlow.com.  Read more here.

DPW — The Best New Procurement Event in Years

Jason Busch shares his experiences of attending Digital Procurement World in Amsterdam, which he calls a 'runaway success.' Most importantly, he says, DPW was the very first procurement event he'd been to that did a great job of engaging early stage technology companies and connecting them with buyers, consultants and others. Read his observations here.

And in other news ...

GTR takes stock as it completes £2bn procurement

BEAMA launches campaign to enhance UK supply chain performance

Icertis Wins Seattle Business Magazine Tech Impact Award

Spend management startup Teampay raises $12 million

Uber Works app launches to match shift workers and businesses via staffing agencies

Staffing firm software provider Bullhorn acquires rival Erecruit

Tradeshift, Monerium partner in historic digital payment transaction

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