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Accenture cybersecurity report sees risks from hacker groups and vulnerabilities in supply chains, the cloud
January 29, 2020 | Alex Behrens
As cybersecurity becomes an increasingly crucial priority for businesses and individual employees, financially motivated criminal groups are increasingly targeting third-party partners and suppliers to gain access to otherwise secure systems, according to Accenture’s most recent Cyber Threatscape Report, which tracks emerging threats and trends in the cybersecurity realm. "To help reduce business risks, organizations need…
Afternoon Coffee: Tealbook nets $5 million; Simfoni raises $3 million; GEP lands CITGO; Google Cloud for Lufthansa
January 22, 2020 | Spend Matters Team
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…
Oracle Procurement Cloud Update — The Sleeping Giant is Waking Up - [PRO Content]
October 14, 2019 | Xavier Olivera and Pierre Mitchell
Spend Matters attended Oracle’s recent OpenWorld conference to see the latest developments in its cloud ecosystem, especially within Oracle Procurement. Oracle continues to make progress in its strategy of transforming from a technology and products company to one of cloud services. It was a decision that has taken time to develop, but without a doubt…
Companies Now Using Digital Disruption to Transform, not Merely Cut Costs: Deloitte Survey
May 20, 2019 | Kyra Senese
As digital technologies continue to affect how businesses evolve, the related risks and opportunities are pushing companies to expand their cost management strategies, according to Deloitte’s recently released second global cost survey. The study, “Save-to-Transform as a Catalyst for Embracing Digital Disruption,” explains that although traditional cost-reduction methods remain important, many organizations are also investing…
K2 Sourcing: Vendor Analysis, Analysis and SWOT - [PRO Content]
March 20, 2019 | Nick Heinzmann
The history of e-sourcing software stretches back to before the dot-com bubble burst, yet few of the original providers of RFX and auction management tools exist today as they did at their inception. Some were bought and consolidated into the mega organizations we know today (e.g., SAP Ariba, which acquired FreeMarkets and Procuri), while others…
Services Procurement is Broken: Finding Fixes Beyond Contingent Workforce Management, E-procurement - [PRO Content]
March 12, 2019 | Pierre Mitchell
If you google the term “services procurement,” you’ll see an article from my colleague Andrew Karpie touching on the topic front and center. He talks about the need to transcend the traditional contingent labor-centric view of what is in fact a much larger scope dealing with the procurement of all services. Aggregate annual spend on…
10 Business Intelligence Trends: From Analytics Adoption to Explainable AI and Converging BI Platforms
March 6, 2019 | Alex Behrens
“Business intelligence” has been a staple of an effective corporate entity long before computers appeared on the scene, but leaps in computing power, cloud storage and advances in data processing and visualization have allowed businesses to use their resources vastly more effectively. The advances in business intelligence (BI) also make it accessible to hundreds or…
Where to Start When Identifying ERP Solutions
March 5, 2019 | Guest Contributor
When you find yourself tasked with figuring out what ERP solution you are going to on-board for your organization, you do a quick search and find there are dozens of vendors offering a variety of ERP solutions. Where do you start in your process of determining which of these vendors and platforms would be best…
In a Highly Connected World, the Cloud is Making a Strategic Difference
February 27, 2019 | Guest Contributor
Spend Matters welcomes this guest post from Laurent Charpentier, Yooz Inc.'s chief innovation officer and COO. The most useful business applications leverage cloud technology so that they can be accessed around the clock and from anywhere in the world on a mobile device. And the more widespread the use of smartphones, the more important it…
Scanmarket Sells the Strategic Sourcing Vendor to Verdane
January 18, 2019 | JP Morris
Scanmarket, a strategic e-sourcing provider, announced it has sold a 90% stake in its source-to-contract (S2C) company to private equity firm Verdane. The founders of Scanmarket, CEO Betina Nygaard and CCO Ole Nielsen, will retain a 10% share and continue to lead development at the Denmark-based software firm, according to the announcement. Spend Matters lead…
Certify, a T&E Veteran, Launches a Procure-to-Pay Solution
January 17, 2019 | JP Morris
Known for its travel-and-expense software solution, Certify on Thursday announced that it is launching a procure-to-pay product. The new cloud-based P2P product is called Certify Purchasing and is billed as a way to automate key accounts payable tasks like requisitions and vendor payments. The SaaS-offering works with desktop and mobile devices, Certify said. CEO Robert…
Tradeshift Buys Babelway: A ‘First Take’ Analysis - [PRO Content]
December 18, 2018 | Jason Busch and Pierre Mitchell
Earlier today, Tradeshift announced it had acquired Babelway — a technology provider that straddles the line between a cloud integration broker/hub and electronic data interchange (EDI) enablement. It will provide integration services to Tradeshift customers. This Spend Matters PRO “First Take” analysis offers additional insight on what we know about Babelway and what it does…

Procurement Leaders moves its event to the fall as a coronavirus precaution : Loqualist said : Tough times for business. Entreprises have to be strong. Where can we find the exact new dates for t...

AI will shift our industry even more than the internet did 20 years ago. Here’s why. : Peter Smith said : "AI will shift our industry even more than the internet did 20 years ago" Nope. Don't think s...

The state of dynamic discounting in B2B payments : David Gustin said : Yes, because they do not offer an einvoicing or AP automation software. They are more a Treasury to...

The state of dynamic discounting in B2B payments : Robert Solomon said : Hasn't C2FO made an entire business based on taking gain share from dynamic discounting?...

5 Tips and Considerations for Your Next Spend Analysis RFP : Puneet Jain said : What is a typical spend threshold when a company should go for an RFP for sourcing indirect purchase...