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: Jaggaer breaks down the 100-day Biden supply chain review; EPA targets food-waste reduction; Bars in San Francisco face beer shortage

In today's headlines, Jaggaer Vice President Roger Blumberg analyzed the Biden administration's 100-day supply chain review. In other news, the US Environmental Protection Agency said it plans to make food waste reduction an important metric of the Biden administration’s efforts to reduce climate emissions. Also, San Francisco bars are facing a beer shortage. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Coupa and Accenture discuss business impact of Covid pandemic; Polaris updates manufacturing, sales strategies; Containerboard production at full capacity

In today's headlines, executives at Coupa and Accenture discussed the business fallout from the coronavirus pandemic, how the two firms cooperate to help clients, and the personal self-care that people need to do as the Covid crisis wanes. In other news, sports vehicle producer Polaris has changed its manufacturing and sales strategies on the fly to deal with shortages of materials and parts. Also, data from the American Forest and Paper Association (AFPA) suggested that the containerboard industry is producing close to full capacity. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Coupa targets ESG capabilities; Germany focuses on sustainable supply chains; WSJ research shows companies that can survive supply chain shortages

In today's headlines, Coupa added more insights into fostering and measuring a company’s environmental, social and governance efforts (ESG) to its platform. In other news, German officials passed a supply chain act last week that paves the way for stricter regulation over human rights and environmental issues. Also, a Wall Street Journal report detailed which companies might be able to weather the supply chains storm using data. Afternoon Coffee brings you the latest in procurement and supply chain news.

Coupa sheds light on its earnings and discusses trends in Covid recovery, digital transformation

Coupa, a provider of business spend management software (BSM), lost share price but did better than analysts expected — and its revenue grew more than expected, reports said after Coupa released Q1 earnings information Monday.

On an earnings call with analysts, Coupa executives gave their view of trends for the Covid recovery and the digital transformation of back offices.

Afternoon Coffee: World Environment Day kicks off tomorrow to boost sustainability efforts; Starbucks shortages; PRO recap: 3-part series on SAP Ariba’s P2P solution

In today's headlines, the United Nations hosts World Environment Day tomorrow, uncovering new ways of being environmentally friendly in business and beyond. In other news, Starbucks is facing a shortage of some of its products and ingredients. In Spend Matters' PRO coverage this week, our analyst coverage includes a three-part deep dive of the SAP Ariba procure-to-pay solution. Afternoon Coffee brings you the latest in procurement and supply chain news.

CPOs share tips, tough lessons at SIG roundtable event: ‘I manage IT teams and they see me as a roadblock’

CPO tips

More than 70 procurement professionals helped kick off SIG’s three-day Procurement Technology Summit by joining an online CPO roundtable discussion that yielded insights from pros in the trenches:

  • “I manage IT teams and they see me as a roadblock — until the regulators come and then they need my insights.”
  • “Don’t advertise how fast your procurement team can turn around contracts. They’re all different.”
  • “Some suppliers in the pandemic were shams.”
  • “It’s a Rubik’s Cube on deciding what decisions to make.”

Read more to find out what else the CPOs said and to see Coupa's nine tips on supply chain resiliency.

Afternoon Coffee: Routable raises $30M; Jaggaer looks at Biden supply chain review; PRO recap: Vroozi, Icertis & SirionLabs go head to head

In today's headlines, B2B fintech Routable received a $30 million investment led by angel investors. In other news, Jaggaer's VP Roger Blumberg looked at the last 50 days of President Joe Biden's supply chain executive order to see the status of the effort. In Spend Matters PRO coverage this week, analysts looked at Vroozi and did a head-to-head column with Icertis vs. SirionLabs. Afternoon Coffee brings you the latest in procurement and supply chain news.

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.