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: US trade deficit indicates economic upswing; Fairmarkit adds RFP feature; Europe’s Sidetrade buys US order-to-cash player Amalto

See what the latest trade deficit news means for the recovering US economy. Also, tail-spend specialist Fairmarkit adds to its sourcing prowess with an RFP feature. And acquisition news includes order-to-cash players Sidetrade and Amalto. Afternoon Coffee brings you the latest news about procurement and supply chains.

Coupa acquires Pana, another travel solution, in the suite provider’s 6th M&A deal in recent months

Coupa announced it has acquired Pana, a provider of travel booking technology and the second T&E provider that Coupa has landed in its last 14 months of heavy M&A activity.

The suite provider of solutions for business spend management (BSM) said in its earnings call last week that Pana gives Coupa more capabilities with typical travel bookings and that the company’s innovative thinking, people and culture were a good fit.

In its most recent federal 10-K filing with the SEC, Coupa said it “paid aggregate cash of approximately $48.5 million and issued 23,822 shares of our common stock” in the Pana deal. Coupa’s stock prices last week ranged from about $285 to $252 per share.

Click to read CEO Rob Bernshteyn’s thoughts on the deal.

Corcentric acquires payments specialist Vendorin for $100 million

Source-to-pay provider Corcentric today announced a $100 million acquisition of the payments technology specialist Vendorin to add to Corcentric's spend and revenue management solutions and services that help businesses shed paper checks and adopt digital B2B payment methods.

“Corcentric is following the money in B2B,” said Spend Matters Founder Jason Busch, who just wrote an analyst column on where payments vendors fit into the payments technology market. Corcentric’s acquisition of Vendorin represents a market on the move, he says. "This uniquely North American phenomenon (owing to the legacy of checks) is a land grab at the moment that offers the possibility of both SaaS subscription and rebate/transactional income for providers.”

Afternoon Coffee: Winter weather disrupts US; extended workforce specialist Beeline reports banner year; PRO Unlimited acquires Brainnet Group, a European MSP

Winter weather grips states across the US, disrupting activity for millions of people. In other news, the specialists at managing the extended workforce at Beeline report that 2020 was a challenging year that saw growth. And in more contingent workforce/services news, PRO Unlimited acquires the managed services provider Brainnet Group. Afternoon Coffee: A warm bit of procurement and supply chain news to start your week right.

$1.6 million no-bid computer deal for Chicago Public Schools raises issue of proper procurement amid COVID crisis

CPS computer deal

Procurement standards and processes obviously needed a layer of flexibility during the emergency coronavirus lockdowns last spring. But how flexible is too flexible, and where do governments need to draw the line to maintain open, honest and transparent buying processes when dealing with taxpayers’ money or emergency funding?

A procurement story with Chicago Public Schools seeking computers for remote learning highlights the point.

Afternoon Coffee: Weekly jobless claims increase the most since September; Fairmarkit secures $30 million funding; TransferMate extends payments into Brazil, Chile

In today's headlines, new unemployment claims rose sharply last week. In other news, Fairmarkit secured a $30 million round of funding. Also, TransferMate is extending its payments solution to Brazil and Chile. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Services sector expands, but slower; PRO recap — ProcureWise, CW/S Hot List, procurement & business transformation (Part 8), Workday Strategic Sourcing (formerly Scout RFP)

November's services PMI shows economic expansion, but growing just a little slower than the sector did in October. Also this week, Spend Matters’ analysts Andrew Karpie, Magnus Bergfors and Pierre Mitchell wrote about contingent workforce issues and vendors, strategic sourcing, and a practitioner’s guide as procurement helps business leaders transform their companies. Afternoon Coffee, a shot of procurement/supply chain news before the weekend.

SolutionMap Fall 2020 new vendors (Part 3) — Symfact, AvidXchange, ProcurePort, SourceDay, graphiteConnect

On Oct. 1, Spend Matters launched the Fall 2020 update of its free-to-use SolutionMap, which evaluates procurement technology solutions on their technical capabilities and how customers rate them.

Twelve new vendors participated in the latest release, which has grown to evaluate 77 providers. Read our SolutionMap Fall 2020 launch post for more details, like how to use the benchmark tool for tech selection or how to get your solution into the mix.

We’re excited to introduce you to a few of the vendors who entered SolutionMap this time around:

  • Symfact
  • AvidXchange
  • ProcurePort
  • SourceDay
  • graphiteConnect

In our bios of the recommended new vendors, we will detail in which of our 13 technology categories they compete and where they rank (see the chart below), share some our analyst research written for subscribers to our PRO content, give feedback from our subscription SolutionMap Insider content called the Provider Scoring Summary reports (subscribers can use the summaries to compare vendors and their scores in more detail — see a sample summary). You’ll also hear from some vendors about being part of the SolutionMap benchmarking process.

SIG session: Sleep Number sourcing manager has tips on negotiating from home in COVID-19 era

on-demand workforce

On Thursday, SIG focused on doing procurement jobs in the coronavirus era by bringing together procurement technology experts and procurement practitioners from businesses like Sleep Number beds.

At the one-day, online “SIGnature Event,” CJ Johnson, a senior manager on Sleep Number’s indirect sourcing team, talked about how the coronavirus disruption has changed her team’s work routine and efficiency now that people work from home.

Trax CEO: Transportation spend management is next technology sector to see a boom

To explore technology and transportation, we talked with Hamp Wall, the CEO of Trax Technologies, a transportation spend management firm that comes from a private equity merger of two family-owned businesses. Trax focuses on the technology that targets activities once a shipment is picked up from the shipper and delivered to the customer.

“Transportation spend management (TSM) is at the place that e-procurement of indirect goods was 20 years ago. We're at the birth of the industry,” Wall said. “It's where the consolidation of providers is just beginning. Private equity is just now entering into the space with a much bigger presence.”

Coupa acquires LLamasoft, beefing up supply chain planning data for its business spend management solutions

In its fourth acquisition this year, Coupa on Monday announced the acquisition of LLamasoft, a specialist in supply chain design and planning solutions that Coupa will leverage to expand the direct procurement capabilities it offers within its platform for business spend management (BSM). Coupa said it paid about $1.5 billion for LLamasoft. In a call with Spend Matters, they detailed the deal, and our analysts delved into what this means for the procurement technology market.

GEP kicks off digital convention by seeking lessons on coronavirus crisis and DuPont’s insights for practitioners


The online GEP Innovate 2020 conference kicked off Tuesday with a message from GEP leaders and industry heavyweights that the procurement technology suite provider works with.

GEP CEO and co-Founder Subhash Makhija led a discussion with leaders from DuPont and Aptiv, an automotive electronics manufacturer, about what's going on with the coronavirus pandemic and what they've learned from dealing with the business disruption.