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Brexit and U.S.-China trade deal gain steam
December 13, 2019 | JP Morris
Two sagas concerning world trade — Brexit and a U.S.-China trade deal — saw major developments Thursday but are not done deals yet. The UK election yesterday strengthened Prime Minister Boris Johnson, who for years has favored a UK exit from the European Union. In the U.S. amid impeachment hearings over President Donald Trump, he has…
Why would Medius buy Wax Digital? (Part 1: Company Backgrounds, Product Strengths/Weaknesses, Deal Rationale)
November 20, 2019 | Jason Busch
Earlier today, Medius announced it is joining forces with Wax Digital. Specifically, Medius, a Nordic-based provider of AP automation solutions with a growing presence in North America, is acquiring Wax Digital, a UK-based source-to-pay suite provider. The entity will be owned by Marlin Equity Partners, a private equity firm, which purchased Medius in 2017. For…
Medius to buy Wax Digital, giving the AP automation expert full source-to-pay prowess
November 20, 2019 | JP Morris
AP automation provider Medius today announced that it is buying Wax Digital, the UK-based suite provider of source-to-pay capabilities. Medius, which is based in Sweden, sees the deal as a chance to allow its "current and future customers to generate increased automation, visibility and control across the entire purchasing process.” Read more about the deal…
SAP Ariba and Givewith partner on social-impact matching service
November 18, 2019 | JP Morris
SAP Ariba and Givewith today announced a partnership where Givewith’s social impact solution will be available on the SAP App Center, giving SAP clients access to a matching service that allows them to find nonprofits to give donations. Businesses increasingly are concerned with sustainability and corporate social responsibility (CSR), and Givewith analyzes thousands of nonprofits…
Technology analyst Magnus Bergfors joins Spend Matters’ team from Gartner
November 11, 2019 | JP Morris
Noted technology analyst Magnus Bergfors joins Spend Matters today after several years at Gartner, bringing a deep background in strategic sourcing, procure-to-pay and other procurement software categories. "I'm thrilled that Magnus will be joining us,” said Jason Busch, the founder of Spend Matters, whose analysts provide solution intelligence on procurement technology. “Not only is he…
First Take Analysis: Workday’s Acquisition of Scout RFP (Part 1: Scout Background, Strengths/Weaknesses, Deal Rationale)
November 5, 2019 | Jason Busch
Workday, a provider of finance and human resources solutions, has announced its intent to acquire Scout RFP for a cool $540 million in cash. For those with a long-time background in the industry, this might at first seem like a somewhat mind-boggling sum for a sourcing provider, bringing back memories of Ariba buying Trading Dynamics…
Workday to acquire Scout RFP for $540 million in cash
November 4, 2019 | Spend Matters Team
Earlier this afternoon, Workday announced its intent to acquire Scout RFP, a sourcing technology provider, for $540 million in cash. Scout RFP was a Workday Ventures portfolio company and Workday partner previously. In a Workday blog, the HR and ERP provider notes that Scout RFP’s “more than 160 employees across North America and Europe will…
More Trump tariffs to be levied on goods from China — starting Sept. 1
August 1, 2019 | JP Morris
In a tweet Thursday that rattled stocks, the Trump administration announced that, starting Sept. 1, 10% in tariffs will be levied against $300 billion in more goods that are made in China for companies that import them into the United States. The companies pay the tariffs, and the extra expense typically leads to higher prices…
Jaggaer sells majority stake to private equity firm Cinven
July 8, 2019 | JP Morris
The procurement suite provider Jaggaer announced Monday that the private equity firm Cinven is buying a majority stake in Jaggaer, which will continue to focus on its unified Jaggaer ONE spend management offering and will look to expand into new markets. Jaggaer said no management changes were planned.
Fiverr IPO launches at $21, and share price nearly doubles
June 14, 2019 | Andrew Karpie
Fiverr (NYSE: FVRR), the online marketplace for digital creative services, priced its 5.3 million IPO shares Wednesday night at $21 per, raising about $111 million in new funding. On Thursday morning, shares began trading at $26, but when the market closed in the afternoon, Fiverr’s share price had risen to $39.96 (nearly doubling). Based on…
New Trump Tariffs Are a Top Issue for Supply Chains, Managers of ISM Economic Reports Say
May 9, 2019 | JP Morris
With the Trump administration’s latest tariff increase on goods from China set to start Friday, the managers of ISM’s economic indexes spent part of their Wednesday webinar addressing concerns about the new levy’s effect on the economy, procurement and supply chains. “I was hoping we wouldn’t still be talking about (tariffs), but alas we still…
Breaking: U.S. Grounds Boeing 737 MAX Jets, Trump Says
March 13, 2019 | JP Morris
The U.S. has grounded all Boeing 737 MAX 8 and MAX 9 airliners, “effective immediately,” President Donald Trump said Wednesday, according to the Associated Press. And in a statement Wednesday, Chicago-based Boeing said it has confidence in the planes but recommended to the FAA “the temporary suspension of operations” of its global fleet of 737…

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Delivering Value Beyond Savings — Procurement’s Role in Times of Disruption : Kapil Paliwal said : While Buyers will try to optimize the cost, Suppliers would also equally or even more keen to look f...

Delivering Value Beyond Savings — Procurement’s Role in Times of Disruption : Bhagyashree Indane said : Brilliant Article! Discovering innovative strategies in the procurement processes can help industrie...

Delivering Value Beyond Savings — Procurement’s Role in Times of Disruption : Punam Nevatia said : Very well put together. Kudos!...

Clarifying Robotic Process Automation: What It Is (and Isn’t) for Procurement : David Harris said : Companies tend to assign procurement as an expanded and more important role of a strategic partner. ...

2021 Procurement and Supply Chain Predictions from the market — The Smart Cube and Capita : Ande Sampathi said : It is valuable information &knowledge help for me intelligent procurement! Thank you very much....