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.

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.

SIG Summit keynote by GEP: The coronavirus crisis ‘has forced everyone’s hand’ to adopt technology

The Sourcing Industry Group kicked off its online SIG Procurement Technology Summit on Monday with a discussion of the coronavirus disruption and the importance of companies embracing digital transformation to help weather the crisis and create stronger businesses for the recovery and beyond.

In a video Q&A with SIG President and CEO Dawn Tiura, GEP Vice President of Technology Santosh Nair talked about what he’s hearing from customers and how GEP is responding with its suite of source-to-pay solutions, GEP SMART for sourcing and GEP NEXXE for supply chain insights and control.

“It’s no longer a luxury to consider using some aspects of the solutions,” he said. "The crisis has forced everyone’s hand.”

Ivalua NOW 2020 (dispatch 3): SIG’s Dawn Tiura champions leadership, digital change to succeed in coronavirus era

In these uncertain times, business leaders must get ready to help others overcome fear, create a new future, and get through the death, social change and business disruption that the coronavirus pandemic has wrought, said Dawn Tiura, the President and CEO of Sourcing Industry Group (SIG), at the Ivalua NOW 2020 online conference Tuesday.

In her keynote address about leadership, change and digital transformation in the coronavirus era, she painted an ominous picture that there will be no return to normal — but she offered an optimistic outlook for people who are willing to embrace change.

Coupa acquires ConnXus, adding a wealth of supplier diversity capabilities

In its second acquisition this year, Coupa has acquired the supplier diversity specialist ConnXus, according a Spend Matters interview Monday with Coupa, a suite provider of business spend management solutions. Terms of the deal were not disclosed, but Coupa said talks had been going on since 2019 and that the coronavirus disruption played no role in the negotiations.