Author Archives: JP Morris

About JP Morris

JP Morris comes to Spend Matters with 25+ years of experience with the Chicago Tribune and the Houston Chronicle. He works with the global Spend Matters team of analysts and professionals to coordinate coverage of the procurement technology market. He also edits all manner of Spend Matters stories — PRO, Nexus and SolutionMap analysis columns as well as news articles. And he’s trying to figure out which SolutionMap persona fits a husband and dad of two who likes to travel, build robots, coach baseball, write, feed WordPress and meet deadlines.

Afternoon Coffee: Coupa launches diversity and inclusion spend portal; Stampli Direct Pay debuts; JPMorgan creates smartphone card reader

In today's headlines, Coupa announced it's launching a new diversity and inclusion portal to help companies find diverse suppliers. In other news, the AP automation specialist Stampli announced a new payment solution that could be an alternative to virtual credit cards. Also, JPMorgan launched its new QuickAccept card reader to create faster, cheaper payments for small businesses. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Fed Chair Powell cautious on cross-border digital currency for U.S.; Coupa-American Express partnership expands to U.S.; Billtrust goes public

In today's headlines, Federal Reserve Chair Jerome Powell said the U.S. doesn't need to be the first country to implement cross-border digital currency, rather they want to get it right. In other news, Coupa announced it will now have virtual card capabilities with partner American Express in the U.S. market. Also, Billtrust, a B2B payments specialist, will go public with a valuation around $1.3 billion. Afternoon Coffee brings you the latest in procurement and supply chain news.

SAP exec shares tips on digital transformation, coronavirus disruption and implementing change at the SIG Summit

procurement software

During an online SIG Global Executive Summit keynote address last Wednesday, an SAP executive and a business consultant who specializes in technology, sourcing and supply chains gave a one-two punch on how procurement leaders can help their companies approach digital transformation.

EC Sourcing acquires BidMode, a sourcing optimization specialist

In breaking news, EC Sourcing Group on Tuesday announced it acquired Indiana-based BidMode late in 2019 and over the last year has integrated the sourcing optimization specialist’s solutions, including for rapid bid analysis functionality, award optimization and advanced freight scenario modeling. Read more about the deal and the key players.

SIG event tackles risk management, scoring technology adoption and measuring procurement success

The professional association SIG (Sourcing Industry Group) hosted a daylong online event Wednesday for procurement professionals to network and learn best practices for pivoting procurement in a COVID-19 pandemic world.

The sessions highlighted in this article cover third-party risk management, a Jaggaer exec exploring how we keep score, and Ivalua CMO Alex Saric's looks at procurement success in the time of COVID-19.

In coronavirus-era Kearney survey, U.S. tops list for foreign investment — with Germany, UK falling but still in top 10

Global Risk Management Solutions (GRMS)

The consulting firm Kearney captured a snapshot of the coronavirus disruption this fall while conducting its 2020 survey for the Kearney Foreign Direct Investment (FDI) Confidence Index. The United States tops the list for the eighth straight year, according to the recent report. Click to see where Germany and the UK rank among the top 25 nations.

Afternoon Coffee recap: Riskmethods’ AI in the news; Medius adds AP Automation for U.S.; Taulia and supply chain finance; payments giant Wirecard is missing billions in cash

category management

Afternoon Coffee is bringing you just the headlines this week for a quick jolt of news. Riskmethods, the specialists for supply risk management, was featured in an article about AI-powered companies doing well in the coronavirus-disruption era. And the firm also reported strong growth numbers. Read more about Medius, Taulia and Wirecard. And catch up on the week's Spend Matters news.

Coupa acquires BELLIN to add treasury management and boost payments capabilities

Coupa, the suite provider of business spend management solutions, has acquired BELLIN, a treasury management provider, in a deal that is part of effort by Coupa to build out bank connectivity for B2B payments, offer treasury depth of capabilities, and create accounts payable and procurement synergies. And it’s part of an industry trend to improve payments capabilities in source-to-pay and procure-to-pay solutions.

Terms of the transaction were not disclosed.

Coupa said in an interview that BELLIN, a two-decade-old German firm, has strengths that lie in control over cash and liquidity as well as forecasting. Coupa said customers want to see where their cash is at any one time, and that suppliers would like to know where payments are in the approval process — much like the convenience that consumers have with tracking packages to their home.

Coronavirus disruption puts spotlight on nations in 2020 FM Global Resilience Index

As the coronavirus disruption affects nations around the world, the insurance firm FM Global recently released its 2020 Resilience Index, examining economic indicators, risk factors and supply chain issues in 130 countries around the world — ranking the nations by the resilience of their business environments.

“The pandemic of 2020 has tested the resilience of businesses across the world,” the company said in its executive summary. “While pandemic risk is not explicitly measured in the 2020 FM Global Resilience Index, the resilience of a country’s business environment is a reliable platform for businesses trying to rebound from the impact of the coronavirus.”

See which nations do well and those that don't.