Author Archives: Spend Matters Team



Afternoon Coffee: Catalant raises $35 million; Amazon, DHL, 9 others join electric vehicle alliance; president to sign USMCA

Catalant Technologies, which enables organizations to leverage external talent and services in an agile way, announced its closing of a $35 million Series E equity round. In other news, an electric vehicle alliance gets the attention of some heavyweight companies like Amazon, DHL, Ikea North America and eight others. And the USMCA trade deal that replaces NAFTA will be signed into law Wednesday in Washington. Afternoon Coffee: A Friday jolt of procurement and supply chain news. Have a good weekend!

Afternoon Coffee: Accenture uses blockchain for supplier marketplace; Boeing delays new plane; supply chains see U.S.-China trade war slowing growth  

Accenture has come up with a blockchain-enabled solution called True Supplier Marketplace, a shared procurement platform for Accenture buyers or others to more easily onboard suppliers and manage their information, the consulting company said in a blog post. In other news, Boeing pumps the brakes on plans for a new mid-market plane. Also, professionals in supply chain and logistics share their concerns about threats to global growth in a survey. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Tealbook nets $5 million; Simfoni raises $3 million; GEP lands CITGO; Google Cloud for Lufthansa

Tealbook, a provider of enriched supplier data meant to improve a procurement team’s visibility, announced that it has raised $5 million in a seed plus funding round. Simfoni, a digital solutions provider for spend analytics and buying automation with offices in the UK, Chicago and Dubai, announced that it has raised $3 million in Series A financing. Afternoon Coffee brings you the latest in procurement and supply chain news.

Customer reviews for Field Nation are in the new SolutionMap Customer Insights report

This week’s SolutionMap Customer Insights report focuses on customer reviews for Field Nation, a provider of workforce management solutions. The applicable SolutionMap category for this report is in Direct Sourcing of Workforce and Services (DSW/S).

SolutionMap Insider members can read about Field Nation in our latest report.

In each Customer Insights report, we provide a one-page summary of details from the SolutionMap peer review process. It includes ratings on how well the vendor meets its customers' expectations, three key differentiators for the vendor and a list of quotes from customers about the vendor’s greatest strengths.

Afternoon Coffee: AvidXchange raises $260m; Scoutbee raises $60m; U.S.-China deal may hurt tech overall; Amazon map; 2020 supply chain trends

The AP automation and payments provider AvidXchange has announced that it has raised $260 million. And Scoutbee, a supplier discovery provider that uses AI and big data, raised $60 million in a Series B funding round. In other news, the U.S.-China deal may encourage China to create more technology on its own and keep the U.S. out of its market. Also: Facial recognition faces EU delay; Amazon expansion shown in map; and 5 supply chain trends shared. Afternoon Coffee: A healthy pour of news to start the week.

Afternoon Coffee: Magnus advises procurement tech vendors on breaking into U.S. market; USMCA approved by Senate

Spend Matters’ analyst Magnus Bergfors is our VP of European Research, and he’s based in Sweden. So he knows the European market. He also knows the U.S. market, and in a post on Spend Matters Europe, he shares what it takes to make it here. In other news, the Senate approves the USMCA trade deal; the latest employment numbers show fewer jobs were posted; U.S. federal deficit hits $1 trillion; and President Donald Trump adds legal heavyweights to his impeachment trial that's underway. Afternoon Coffee: Rounding out the week with a jolt of news.

Afternoon Coffee: Tariffs, uncertainty remain after U.S.-China trade deal; 6 AP automation firms merge into 1; federal supply chain plan decried

After the United States and China signed the phase one of their trade deal yesterday, businesses are trying to figure out what the tariffs and terms mean for their supply chains. In other news, six expense and AP automation firms — Abacus, Captio, Certify, Chrome River, Nexonia and Tallie — merge into one and call the company Emburse. A new proposal that would let the Commerce Department cancel international deals is getting pushback. And a panel of experts has recommendations for the FAA over Boeing's grounded 787 MAX. Afternoon Coffee brings you the latest procurement and supply chain news.

Afternoon Coffee: U.S., China sign initial trade deal; Amazon ends FedEx ban; Cleo updates solution; ‘50/50’ for 2020

The U.S. and China on Wednesday signed phase one of a trade agreement that begins to curb a trade war in its second year. In other news, Amazon eases its ban on using FedEx Ground. And the implementation provider Cleo updates its solution that helps supply chains. Afternoon Coffee brings you the latest news in procurement and supply chain news.

Customer reviews for Scanmarket are in the new SolutionMap Customer Insights report

This week’s SolutionMap Customer Insights report focuses on customer reviews for Scanmarket, a provider of strategic sourcing solutions.

The applicable SolutionMap category for this report is in Sourcing.

SolutionMap Insider members can click here to read about Scanmarket in our latest report.

In each Customer Insights report, we provide a one-page summary of details from the SolutionMap peer review process. It includes ratings on how well the vendor meets its customers' expectations, three key differentiators for the vendor and a list of quotes from customers about the vendor’s greatest strengths.

Afternoon Coffee: Tradeshift restructuring; Is ‘New Law’ like Atrium disrupting itself?; U.S. won’t label China a currency manipulator; Shelby Group funding

Tradeshift announces a $240 million funding round, and CEO Christian Lanng talks to Spend Matters about the details, strategy and the future. Read the full interview here. In other news, China won't be labeled a currency manipulator, the U.S. Treasury says. And catch up on interesting developments in New Law, where tech considerations have outweighed having lawyers for one business, Atrium. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: It’s time to update Almanac for “50/50”; U.S.-China trade war analyzed; 737 Max grounding may hurt GDP

This year, the annual Spend Matters “50 Providers to Know” and “50 Providers to Watch” lists will be released April 22 at the SIG Procurement Technology Summit in Florida. To be considered for the lists, your company must have an up-to-date listing in the Spend Matters Almanac. Be sure to add or update your listing here by Feb. 7! In other news, the U.S.-China trade deal's phase one will be signed this week, and The Wall Street Journal takes a look back at the two years of tariffs and the fallout. And the Treasury secretary says the grounding of the Boeing 737 Max could hurt the GDP this year. Afternoon Coffee brings you the latest in procurement and supply chain news.

Spendata: What Makes It Great (Spend and Procurement Analytics SolutionMap Analysis)

Running businesses with an analytical, “data-driven” mindset is the prevailing dogma of modern management experts, yet putting the data and tools in front of everyday business users to make this happen is far from easy. Most people aren’t data scientists, nor are they willing to learn Python, or R, or whatever other technical skill set is out there to DIY their spend analysis beyond what they can do in Excel. But most people do know how to use browser-based web apps, and with a baseline set of analytical skills, they can find some impressive insights in a given set of data — even incomplete or imperfect data — when given the right tools and support structure.

This is what Spendata does for spend analysis. Launched in 2018 by a team of spend analytics veterans, Spendata is a disruptive solution that adopts what we term a “postmodern” view of spend analysis, where practitioners should be able to take action on any data they can get their hands on whenever they can get their hands on it and take immediate action wherever they are. Put simply, it offers real-time analytics directly in the browser that almost anyone can use. And, remarkably, it only costs $699.

These characteristics position Spendata as not only a next-generation competitor in the spend analytics market but also a standout performer for the Nimble persona in our Spend and Procurement Analytics SolutionMap. But where does Spendata stand out most and help “set the bar” in spend analysis, and why should this matter for procurement organizations? Let’s delve into the SolutionMap benchmark to find out where Spendata is great.

“What Makes It Great” is a recurring column that shares insights from each quarterly SolutionMap report for SolutionMap Insider subscribers. Based on both our rigorous evaluation process and customer reference reviews, each brief offers quick facts on the provider, describes where it excels, provides hard data on where it beats the SolutionMap benchmark and concludes with a checklist for ideal customer scenarios in which procurement, finance and supply chain organizations should consider it.