Author Archives: Spend Matters Team



Afternoon Coffee: Wirecard fraud case sends shockwaves; Icertis’ tips for contract resiliency; India-China battle and U.S. supply chains; new Vendor Analysis format

The scandal of the missing $2 billion has led to the German payments firm Wirecard filing for insolvency and it has had a ripple effect — like calls for investigations. In other news, Icertis has tips for improving your contract resiliency after the coronavirus crisis has exposed gaps in contract management. Also, the India-China border conflict could affect U.S. supply chains. Finally, check out Spend Matters proposed new format for our three-part PRO Vendor Analysis posts to more quickly deliver more actionable information about procurement technology vendors. Afternoon Coffee brings you the latest in procurement and supply chain news.

VNDLY receives investment from identity security partner Okta

VNDLY, a workforce management technology solution and VMS provider, announced it had entered into partnership with Okta, a provider of single sign-on and provisioning technology. The company also announced that it received investment from Okta Ventures, Okta’s $50 million investment fund. 

Spend Matters’ Research Director of Labor and Services Solutions, Andrew Karpie, commented: “As organizations’ workforces will become increasingly agile, remote and mobile, the importance of identity management and sign-on security is non-negotiable. And this partnership also suggests the leaning of VNDLY to not just be an enterprise application, but to be an enabler of enterprises’ digital transformation and a connection into a broader, low-friction digital services ecosystem.”

‘The answer to a better nation is supplier inclusion’

Procurement veterans Daryl Hammett and Jason Busch, who have expertise in supplier diversity and the power of how businesses spend their money, propose in a new paper that the economic and racial disparity that’s forcing the United States to confront long-standing inequalities can be eased by greater access to business opportunities.

They realized current programs were not working, and their paper proposes business and policy changes to enable what the authors describe as "supplier inclusion" to create lasting change and economic uplift.

Read about supplier inclusion and 10 ways to support it here.

Workforce Logiq announces new solution to optimize talent location as return to work proceeds

Workforce Logiq — a global provider of AI-powered workforce intelligence, technology, and services to enterprises — announced today that it has developed a new solution called IQ Location Optimizer.

According to the announcement, the solution enables organizations “to make data-driven decisions on where to source talent and whether or not a remote work arrangement makes sense for the role.” The company also reported it had filed three new patents in conjunction with the new solution.

Spend Matters received a demo of the solution, which presents with an elegant geo-mapping interface. The demo showed how a recruiter or other manager in an organization can begin with a job req and game out the options.

VectorVMS, WillHire partner up

VectorVMS, a leading vendor management solution, and WillHire, a direct sourcing solution, announced a partnership to help organizations improve their contingent workforce sourcing. The press release asserts that “it is predicted that the use of contingent labor will skyrocket as the economy rebuilds post-COVID-19, making a differentiated sourcing strategy imperative.”

EverHive, VNDLY partner on ‘Quick Deploy’ contingent workforce solutions

supplier network

EverHive, a new type of contingent workforce services solution provider, today announced a partnership with VNDLY, an innovative work management system and VMS solution provider.

Some organizations affected by the COVID-19 crisis, have become aware of their inadequate visibility into, control over and communication with their contingent workforces and suppliers. And many of those will want to get something up and running quickly and relatively inexpensively and expand upon it later. The EverHive-VNDLY partnership is aimed at providing organizations with a rapid path to an appropriately scaled contingent workforce management technology/services solution.

Afternoon Coffee: Coupa beats earnings, revenue estimates; ‘Lunch and Learn series’ targets ways to digitally engage talent

Coupa, a suite provider for business spend management solutions, announced its first quarter fiscal results, and it beat estimates for earnings and revenues, according to a Yahoo! Finance article. In other news, Andrew Karpie, Spend Matters’ lead contingent workforce analyst, talks about new ways of digitally assembling talent for your organization in the third and final #LunchAndLearn joint video series by Spend Matters and procurement consultants at Everest Group. Also, the coronavirus disruption could lead to the closing of as many as 25,000 retail stores. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Unemployment rates in question; Basware, Bergfors have tech selection tips; Airbnb sees surge despite coronavirus

“It now looks like the jobs report has been inaccurate for the last two months," according to Forbes.com, which along with other reports indicate last week's 13.3% unemployment rate is likely around 16.1%. In other news, procure-to-pay experts at Basware and Spend Matters Analyst Magnus Bergfors are having a webinar this week on tech selection strategy tips. Find out the details and how to register. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Digital solutions grab spotlight in coronavirus crisis; Vertex upgrades tax offering for SAP Ariba

A blockchain expert and digital standards overseer learned this about digital transformation and the coronavirus disruption: "It is possible to go digital in an emergency. It was messy ... but it happened, and that changed a lot of people’s minds." In other news, millions of people got jobs in May, beating expectations that the lockdown would worsen the unemployment rate. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: U.S. factories struggle to restart after pause for COVID-19; Jobs numbers worse than forecast; Keelvar raises $18 million

After being shut down for the coronavirus crisis, U.S. factories are struggling to restart, the Wall Street Journal reports. Also, federal jobless numbers come in worse than forecast. In industry news, Keelvar, an advanced AI-driven e-sourcing software provider, received $18 million in funding. "Keelvar has significant potential. And it's great to see them get a substantial round in this environment,” said Jason Busch, Spend Matters’ Founder and author of our Nexus content. Afternoon Coffee: A jolt of news about procurement and supply chains.

Afternoon Coffee: U.N. forecasts global economy to shrink 3.2%; Mexico to restart manufacturing as some cite U.S. pressure; Cargill expands anti-child labor programs for cocoa farms

Because of the coronavirus disruption, the U.N. has predicted that the global economy will shrink by 3.2% this year and could contract by almost 5% if a second wave hits. Also, Mexico will begin reopening some of its industrial plants next week amid concerns of pressure by U.S. officials to restart supply chains. In other news, grocery prices rose in April, which was the largest one-month increase in almost 50 years. And, the agribusiness giant Cargill is expanding programs aimed at mitigating child labor in the cocoa industry. Afternoon Coffee brings you the latest in procurement and supply chain news.