Author Archives: Spend Matters Team

Afternoon Coffee: Q4 SolutionMap update is out; SIG links up with PeopleTicker; Mintec wins digital tech award

Spend Matters today released its Q4 2019 SolutionMap today, ranking 59 procurement software companies across 12 tech solution categories. SIG (Sourcing Industry Group) announced a new partnership with PeopleTicker, a real-time salary and labor rate data provider. A new study by A.T. Kearney has revealed that external procurement spending was the single-largest cost element for most companies and a crucial component of their value chains. And Mintec won a neat digital tech award at an EU ceremony recently. Afternoon Coffee: keeping it real in procurement and supply chain news since 2010.

SolutionMap: 59 procurement software companies ranked (Q4 2019 Update)

Spend Matters today released its Q4 2019 SolutionMap, ranking 59 procurement software companies across 12 solution categories, including E-Procurement, Sourcing, Spend Analytics, Supplier Relationship Management, Contract Lifecycle Management and Contingent Workforce & Services. Click on this article to see which new providers joined the rankings this quarter — and to see how to access the rankings for free!

Afternoon Coffee: Amazon’s new renewable energy projects; Coupa’s new partnership with BMW Group

Amazon has unveiled details of new renewable energy projects in the U.S. and Spain. On the heels of its Q3 earnings announcement, Coupa recently announced that “it will deploy its BSM platform globally across BMW Group to help harmonize and optimize the automaker’s purchasing processes and increase efficiency and effectiveness across all products,” according to the release. And the Business-to-Government (B2G) space is seen as recession-proof, yet in need of a secure supply chain. Afternoon Coffee: your source for procurement and supply chain news.

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

This week’s SolutionMap Customer Insights report focuses on customer reviews for Bonfire, a cloud-based provider of sourcing whose offering is known for its ease of use.

The applicable SolutionMap category for this report is in Sourcing. SolutionMap Insider members can read about Bonfire 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: ISM PMI down again; Coupa reports Q3 earnings; Deloitte’s holiday economic forecast looks bullish

Deloitte's annual holiday economic forecast has estimated that holiday retail sales will go up 4.5 percent to 5 percent this year. Coupa Software Inc. has reported a 51 percent increase in revenues to US $101.8 million in the third quarter. And for the fourth consecutive month, the November ISM PMI remained below par. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: Trump to restore tariffs on Brazil, Argentina metal imports; Amazon’s Cyber Monday inventory storage service test

U.S. President Donald Trump has tweeted that he will immediately restore tariffs on U.S. steel and aluminum imports from Brazil and Argentina. To make shopping on Cyber Monday error-free, Amazon has fine-tuned its vast delivery network to ensure orders get to customers on time. And DHL Resilience360, a supply chain risk management software platform under Deutsche Post AG's courier unit, has released a report that says a majority of companies polled said they had not prepared contingency plans if the ongoing trade war with China worsens. Afternoon Coffee: your source for procurement and supply chain news.

Synertrade: What Makes It Great (Sourcing SolutionMap Analysis)

Direct materials sourcing is the elephant in the procurement technology suite room. While many source-to-pay solutions offer strong functionality in support of sourcing processes, only a handful truly support all of the requirements to enable the complexities of direct materials sourcing (e.g., sourcing optimization, bill of materials-based sourcing, commodity management).

Among this select group, Synertrade is capable of delivering a comprehensive, fully integrated and rapidly deployable source-to-pay suite that also provides organizations the ability to rapidly configure heavy internationalization and systems integration requirements. This is particularly visible in its sourcing module, where it scores above the benchmark for two-thirds of requirements evaluated, including dozens of cases where it posts some of the highest scores of any provider in the Sourcing SolutionMap.

But where does Synertrade stand out most and help “set the bar” in sourcing, and why should this matter for procurement and finance organizations? Let’s delve into the SolutionMap benchmark to find out where Synertrade 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.

Afternoon Coffee: Medius-Wax Digital deal recap; Connecticut to try different approach to procurement; U.S.-China trade deal finally on horizon?

China’s President Xi Jinping has said he wants to work out an initial trade pact with the U.S. to avoid a trade war, but added a rider that his country was also not afraid to retaliate when necessary. The State of Connecticut is all set to try out a "problem-based" procurement process, according to the state’s Chief Information Officer Mark Raymond. And we bring you a recap of Spend Matters' coverage of Medius' announcement to buy Wax Digital this week. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: Fiat Chrysler to recall 700k cars amidst GM lawsuit; Interview with Jaggaer CEO; German Q3 exports to U.S. grew; Check out India’s big guns

Fiat Chrysler has announced its intention of recalling nearly 700,000 sport utility vehicles worldwide because a faulty electrical connection. German exports to the U.S. registered strong growth in the third quarter. And as U.S. blacklisting hits its supply chain, Huawei Chairman Liang Hua said that necessary parts will be procured from Japanese companies to the tune of $10 billion. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: Medius buying Wax Digital; U.S.-China tariff war could structurally alter supply chains; Ferrero USA selects new supply chain visibility tech platform

The ongoing trade dispute between the U.S. and China could reconfigure global supply chains in the long-term, according to remarks made by the managing executive of the world's fifth-largest financial institution. Clothing maker Everlane is getting plastics out of its supply chain, and Ferrero USA has selected a new platform for its supply chain visibility needs. Afternoon Coffee: your source for procurement and supply chain news.

Afternoon Coffee: AP automation provider Tipalti adds 3 partners; Globality survey is out; Boeing gets orders for grounded 737 MAX

Tipalti, a global payables automation platform, today announced three partnerships to modernize those firms' finance operations. Also, there's news from Globality as well as Boeing. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Workforce platform Fulcrum closes seed round; Wipro’s Topcoder launches tech talent sourcing offering; Amazon in India

Fulcrum, a platform for bringing together large enterprises and on-demand talent, told Spend Matters that it had raised a $1 million seed round led by Greatscale Ventures. And Topcoder, a Wipro company that’s described as the “world’s largest technology network and on-demand digital talent platform,” announced the launch of a new offering, “Talent-as-a-Service” (TaaS). Also, Jeff Bezos talks about Amazon in India. Afternoon Coffee brings you the latest news in procurement and supply chain technology.