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'll have more from our analysts in the coming days  ...

Kraft Heinz Completes Internal Procurement Investigation

Following its disclosure earlier this year that it had received a subpoena from the Securities and Exchange Commission into its accounting policies and internal controls, Kraft Heinz announces it has completed its internal investigation on procurement practices, and says it is returning to normal after twice delaying filing its annual report. The internal investigation identified multiple employees who engaged in procurement misconduct, leading to a misstatement of products sold. The firm is fixing the errors while the SEC investigation continues. Read more here.

Microsoft and Icertis Extend Partnership on Blockchain Framework

Icertis announced an expansion of its partnership with Microsoft to explore the potential of blockchain in contract management. The partnership will expand Icertis’ existing blockchain framework to leverage the power of Microsoft platforms such as Azure Blockchain Workbench. Customers will be able to use the system to improve compliance and ensure ethical business practice. The platform could be used to monitor the use of child labour and conflict materials in the manufacturing industry, track food distribution (to prevent spoilage) in the food production industry, and trace pharmaceutical or medical outcomes in the pharma industry, by way of example. Read more here.

Study Finds UK Businesses Losing Digitalisation Ground to Spain and Italy

A Kyocera study surveyed 1,750 business representatives, ranging from self-employed freelancers to professionals from international corporations in seven European markets. Whilst 61% of UK companies from that selection have digitalised at least half of their business documents, the rate is lower than four of the seven other countries surveyed such as The Netherlands, Italy, Turkey, and Spain. 12% of UK organisations admit to barely having digitalised any of their documents, a figure which is double that of the rate in Spain and Italy. The UK is losing ground in its adaptation of digital documentation, says Kyocera’s Business Digitalisation in Europe Outlook 2019. Read more here.

Zycus’ Customer Reviews Are In The New SolutionMap Customer Insights Report

Spend Matters’ vendor spotlight in the SolutionMap Customer Insights report focuses on customer reviews of procurement solution providers. Each Customer Insights report provides a one-page summary of qualitative — and select rating and quantitative — insights from the SolutionMap peer review process. The Customer Insights summary includes ratings on how well the vendor meets user expectations, three key differentiators for the vendor and a list of quotes about the vendor’s greatest strengths. Read about source-to-pay suite provider Zycus, whose applicable SolutionMap categories for this report are in Source-to-Pay, Procure-to-Pay and Strategic Procurement Technologies, here.

Ivalua Launches Public Sector Procurement Suite

Ivalua has announced this week it is launching a suite of spend management solutions designed for the public sector. The offering enables governments, local authorities and public sector end users to customise the product and adjust to changes in regulations and policies (read our take on their NYC procurement tech overhaul contract controversy). “Public sector procurement leaders should not have to compromise between rapid time to value, best-of-breed capabilities and meeting their unique requirements,” said Ivalua Head of Public Sector Solutions. Read more 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 which ones Jason BuschPierre Mitchell, Andrew Karpie and Michael Lamoureux have chosen, and this week read about Xavier Olivera’s choice.

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