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We should stop overpaying for digital procurement solutions
December 8, 2020 | Guest Contributor
Here's an uncomfortable truth: procurement teams are overpaying for digital solutions. It doesn’t have to be this way. But the key to win-win technology partnerships and deploying “best of breed” procurement transformations is understanding the true drivers behind digital solution pricing.
Workday Strategic Sourcing (formerly Scout RFP): Vendor Analysis, Part 2 — Deep Dive on 7 Modules, SWOT, Competitors in E-Sourcing, Commentary - [PRO Content]
December 7, 2020 | Magnus Bergfors
Scout RFP entered an already crowded e-sourcing market back in 2013 with a singular focus on ease-of-use, not unlike that of Coupa in the P2P space some years earlier. This focus, combined with rapid development of additional features and adjacent capabilities in project management, supplier management and contract management led to Scout RFP being acquired…
A clear trend in the procurement journey to over-budget and underspend
December 7, 2020 | Nancy Clinton
Business spend management integrated solutions provider, Proactis, and its data analyst team, has recently invested some time studying and analysing the data it has accrued from its substantial customer base and their procurement exercises. It has produced some interesting findings pertaining to spend surplus from procurement exercises. We thought the results would make interesting reading…
Why supplier financial health is vital to supply chain resilience - [Sponsored Article]
November 10, 2020 | Taylor Allis, Chief Product Officer at Avetta
A financial health assessment helps determine how fiscally stable — and therefore how reliable — a supplier is, which ensures better supply chain resilience. By identifying risky suppliers, you can avoid violated contracts, credit damage and project delays. Here are some of the key reasons it’s critical to perform financial health assessments with contractors.
Supply chain finance: 3 core components for a best-in-class SCF solution - [Sponsored Article]
October 27, 2020 | Nodreen Kiwanuka, Taulia
The value of a supply chain finance (SCF) solution has never been clearer than in recent months, with many companies opting to boost the resilience of their supply chains and support their suppliers in volatile trading conditions. But while SCF has much to offer, it’s important to remember that not all solutions are made equal.…
Proactis’ flagship event ReThink ’20 will focus on agility in Procurement and Finance
October 15, 2020 | Spend Matters Brand Studio
The landscapes of the Procurement and Finance functions have changed quite substantially over the past year, and even more so over the past six months as they have faced the turbulence of supply disruption, employee retention, and of course spend management challenges. The functions are facing a new way of working and have been forced to…
Feeling pressure from fintechs, SWIFT to update its cross-border transaction capabilities
September 30, 2020 | Susanne Fowler
SWIFT, the Belgium-based cooperative whose money messaging services are used for cross-border transactions around the world, is feeling the heat from firms muscling in on its dominance in the field.
TransferMate — Solution overview of cross-border payments capabilities - [PRO Content]
September 30, 2020 | David Gustin
This Spend Matters PRO brief looks at the TransferMate solution and how the payments provider handles cross-border transactions. More and more, companies are engaged on a cross-border basis as marketplace sellers — to pay freelancers, to handle global SaaS subscriptions or just to make payments not only to vendors but in support of contractors, one-off…
Beyond Spend Influence: Enabling Procurement’s Emerging Roles in Business Transformation (Part 3) — Digitally Enabled Engagement, Outcomes, Demand and Spend - [PRO Content]
September 22, 2020 | Pierre Mitchell
In the first installment of this Spend Matters PRO series, we kicked off our analysis of how progressive organizations are influencing spend and stakeholders at a deeper level beyond traditional sourcing influence. In Part 2, we discussed how progressive procurement organizations were improving their influence through coherent communication and alignment of procurement “services” to various…
Procurement performance vendor Per Angusta raises $3.8 million
September 17, 2020 | Sally Ehrmann
Per Angusta, a French provider of procurement performance technology, announces a $3.8 million Series A investment. The company aims to grow its workforce and international reach with the funding.
Beyond Spend Influence: Enabling Procurement’s Emerging Roles in Business Transformation (Part 2) — Empathy, Alignment, Mission, Brand and Procurement Service Delivery - [PRO Content]
September 3, 2020 | Pierre Mitchell
In the first installment of this Spend Matters PRO series, we kicked off our analysis of how progressive organizations are influencing spend and stakeholders at a deeper level beyond traditional sourcing influence. In this next edition, we’ll dive into some strategies for deeper and more meaningful engagement with stakeholders, and some examples from some progressive…
How can Procurement best align with Finance right now? A CFO perspective
September 2, 2020 | Nancy Clinton
Right now, as the COVID-19 pandemic takes its toll on jobs, consumer spending and the global economy, many businesses are scrambling to adjust to a new financial reality. They are also coming to terms with the fact that the path to recovery remains long, and mostly uncertain. Experts, including Deloitte, predict the U.S. economy won’t…

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Procurement technology analyst Bertrand Maltaverne joins Spend Matters from Ivalua : Bertrand Maltaverne said : Thanks Jenny, super happy and excited to be joining the team!...

Procurement technology analyst Bertrand Maltaverne joins Spend Matters from Ivalua : Jenny Draper said : So excited to be working with Bertrand; and he's on a European time zone!! Great opinions and analys...

A History of Purchasing: From “Materials Men” to Today (Part 2: 1950s - Present) : Diana said : Purchasing and Supply Chain Management are impacting company health supply, risk control, inventory,...

Finding Procurement’s Place in the Organizational Hierarchy : Macs Nsirim said : i honestly agree with this write up. i currently work as a procurement officer in an organization ...

Afternoon Coffee: PRO Unlimited launches DaaS solution; Covid pandemic highlights the need for US manufacturing; Chick-fil-A supply chain woes : John Peyton said : Thank you. Sounds like there’s more horsepower behind it than I thought then. Interesting....