Afternoon Coffee: Basware’s P2P update targets maverick spend; Coronavirus a corporate concern

category management

The procure-to-pay vendor Basware has added two features to its Basware Purchase solution that it hopes will increase user adoption and boost spend visibility, the company said in a press release. The solution now has two new user access levels: simplified and restricted.

The simplified version caters to infrequent users who aren’t procurement professionals. Basware believes that by driving up the ease of use that more people can make their purchases in the system, thereby driving up spend visibility. The restricted access feature is for contractors and subcontractors who don’t work for Basware customers but who need to make purchases.

“With this new functionality, Basware enables customers to reduce maverick spending,” Basware’s statement says.

Companies responding to coronavirus, earnings calls show

A study by CNBC shows the word “virus” or “coronavirus” was mentioned by 27 S&P Composite 1500 companies on earnings calls this week.

CNBC quotes leaders from Apple, Starbucks and McDonald’s about how their businesses have closed many locations across China and are working with suppliers to minimize supply chain disruptions. Apple said it has been cleaning its stores and working with employees to make sure they’re healthy.

“We’re taking additional precautions and frequently deep cleaning our stores as well as conducting temperature checks for employees,” Apple CEO Tim Cook said.

The Associated Press reports that in China the Wuhan virus has killed 170 people and infected more than 7,700. That is more cases than from 2003′s SARS virus. The current coronavirus has been detected across Asia, in the U.S. and Canada, Europe and the Middle East.

Tesla forecasts manufacturing over 500,000 cars this year

Tesla Inc., which posted its second quarterly profit in a row as its electric vehicle deliveries hit a record, has forecast making over half a million units this year. The delivery forecast was higher by more than a third than last year’s production, reports Reuters.

Tesla said the manufacturing process at its new Shanghai factory, which started delivering Model 3 sedans a month ago, was running as expected and that it would increase production of the mass-market electric cars because of strong demand in China.

Weight loss company Lindora ties up with Sysco on supply chain management

It is one of the largest medically supervised weight loss and wellness companies in the U.S., Lindora, has announced a partnership with global food distribution company Sysco Corporation to deliver all of Lindora’s products to its collection of Southern California clinics. Will Righeimer, Lindora’s CEO, said the move to Sysco was a strategic decision to align with a world-class partner and leverage their best practice in logistics as Lindora makes plans to expand.

California freight startup NEXT to layoff 19% workforce

California-based digital freight-matching startup NEXT Trucking Inc. plans to reduce its workforce by 19% and eliminate some business lines to focus on areas such as hauling goods to and from seaports.

A report by WSJ quoting Mike Bush, senior manager of communications and brand, said NEXT laid off around 70 employees on Jan. 17, leaving the company with about 300 employees. Bush said the company’s focus is on “positive unit economics and growing aggressively.”

Share on Procurious

Discuss this:

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.