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E-procurement as a strategic weapon — With BuyerQuest acquisition, ODP preps for war in omnichannel B2B - [PRO Content]
February 19, 2021 | Pierre Mitchell
This Spend Matters PRO analysis looks at the deeper implications of Thursday’s news that the e-procurement specialist BuyerQuest was acquired by The ODP Corporation. When many people think about e-procurement, especially for indirect procurement that is nonstrategic, it doesn’t seem very exciting. However, procurement can actually be a secret weapon — not just for improving…
P2P specialist BuyerQuest is acquired by ODP, a provider of business services and technology
February 18, 2021 | Sally Ehrmann
The ODP Corporation, a B2B business services and products provider, today announced the acquisition of BuyerQuest Holdings Inc., a software provider known for its e-procurement and procure-to-pay (P2P) offerings. In a press release announcing the acquisition, ODP said the deal will accelerate the company’s technology development while aiming to provide a cohesive platform integrating e-commerce,…
Corcentric acquires payments specialist Vendorin for $100 million
February 16, 2021 | JP Morris
Source-to-pay provider Corcentric today announced a $100 million acquisition of the payments technology specialist Vendorin to add to Corcentric's spend and revenue management solutions and services that help businesses shed paper checks and adopt digital B2B payment methods. “Corcentric is following the money in B2B,” said Spend Matters Founder Jason Busch, who just wrote an…
Afternoon Coffee: Winter weather disrupts US; extended workforce specialist Beeline reports banner year; PRO Unlimited acquires Brainnet Group, a European MSP
February 15, 2021 | JP Morris
Winter weather grips states across the US, disrupting activity for millions of people. In other news, the specialists at managing the extended workforce at Beeline report that 2020 was a challenging year that saw growth. And in more contingent workforce/services news, PRO Unlimited acquires the managed services provider Brainnet Group. Afternoon Coffee: A warm bit…
The 5 Levels of M&A Technology Integration: Stage 5 Replatforming - [PRO Content]
February 11, 2021 | Michael Lamoureux and Jason Busch
Stage 5 integration is the ultimate step in M&A software integration. Few technology companies end up achieving Stage 5 integration following an acquisition or set of acquisitions. It’s actually more common in the case of a tech firm taking an internal legacy platform and rebuilding capability onto a new one. This is something hundreds of…
Afternoon Coffee: Tesla, China invest in cryptocurrencies; Scanmarket acquires MIA Data for spend analytics; Coupa’s Business Spend Index shows positive sentiment
February 9, 2021 | Sally Ehrmann
In today's headlines, Tesla invested $1.5 billion in bitcoin, and China is putting $1.5 million of its new digital currency into circulation. In other news, Scanmarket acquired spend technology analytics platform MIA Data. Also, Coupa released its findings for its Business Spend Index Q1 2021 Outlook, finding positive sentiment increased 2.9%. Afternoon Coffee brings you…
The 5 Levels of M&A Technology Integration: Stage 4 UX Integration/Replication - [PRO Content]
February 4, 2021 | Michael Lamoureux and Jason Busch
When we introduced Stage 3 technology integration (data model integration) in a post M&A vendor environment, we dropped a Monty Python reference as a metaphor for the challenges of achieving this level of unification. But for Stage 4, we need to extend our cinematic and television metaphors to the next level and go, with apologies…
The 5 Levels of M&A Technology Integration: Stage 3 - [PRO Content]
January 27, 2021 | Michael Lamoureux and Jason Busch
For many on the M&A integration front lines who are tasked with getting product synergies from combined assets of different firms, data model integration often appears high on the post-merger/acquisition grail quest. The same sentiment would likely echo from customers, at least those who have gone through a vendor consolidation in the past. But, in…
PRO Unlimited acquires PeopleTicker in bid for more contingent workforce market data
January 12, 2021 | Andrew Karpie
PRO Unlimited, the contingent workforce management services solution provider, announced its acquisition of PeopleTicker, the workforce rate benchmarking and analytics platform. The terms of the deal were not disclosed. According to today’s announcement, by acquiring PeopleTicker, PRO Unlimited “has expanded the capabilities of its contingent workforce management platform.” The announcement also noted that PeopleTicker uses…
Afternoon Coffee: AvidXchange acquires Core Associates; European and Asian manufacturing ends year on high note; Google employees unionize
January 5, 2021 | Sally Ehrmann
In today's headlines, AvidXchange acquired Core Associates, a construction payments company. In other news, Europe and Asia reported positive manufacturing numbers for the end of 2020, but experts are holding caution as some countries shut down for coronavirus spikes. Also, workers at Google and its parent company Alphabet unionized, a rare decision in the big…
Afternoon Coffee: PRGX Global is acquired; US explores how to roll out coronavirus vaccine faster; UK and EU reach Brexit trade deal
January 4, 2021 | Sally Ehrmann
In today's headlines, the French private equity firm Ardian has acquired the spending analytics provider PRGX Global for $195 million. In other news, the US government is exploring the effectiveness of giving half doses of the coronavirus vaccine to adults 18 to 55 to accelerate the pace of vaccinations. In Brexit news, the UK and…
The 5 Levels of M&A Technology Integration: Stage 2 - [PRO Content]
December 23, 2020 | Michael Lamoureux and Jason Busch
In this Spend Matters PRO series, we define, introduce and explore the five levels of M&A technology integration that vendors must go through when bringing together different modules and platforms. We should note, however, that bringing together different applications and technology stacks is not a requirement of any acquisition. But anytime a technology provider wants…

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E-procurement as a strategic weapon — With BuyerQuest acquisition, ODP preps for war in omnichannel B2B : Jason Busch said : From an antitrust standpoint, I wonder if this makes ODP + Staples look like less of a competitor by...

Procurement in Practice: Sustainability — Getting from the pledge to action at Bayer : Fabian Lampe said : Having worked for Bayer and Unilever I really must say that the pledge and the ambition is bold and ...

Demystifying the role of technology in supply chain finance: Blockchain : Riya Kaif said : Insightful article on the role of blockchain technology in supply chain finance. Looking forward to ...

Study Finds Nascent Adoption of AI and Robotics in Retail and Manufacturing Supply Chains : Elena said : As robots increasingly move from warehouses to shopfronts, embedding Artificial Intelligence (AI) in...

Afternoon Coffee: November PMI registers seventh consecutive month of growth; US Supreme Court hears suit on child labor in cocoa supply chain; Medius announces partnership with Changepond : Oliver Harris said : Indeed, RPA is the primary factor and an entry-level strategy to digitally transform your business e...