The P2P Category

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Will Procurement Automation be Transformed by Compulsory Real-Time Tax Controls?

Companies should be preparing for a world where government requirements for real-time transaction controls will be a major force in shaping the business-to-business (B2B) transaction automation systems of the future. With cloud becoming the principal deployment model for managing different types of B2B transactions, this revolution toward much-reduced freedom for companies to specify their process requirements can be expected to transform the way companies interact and contract with solution vendors. Let me explain through a couple of scenarios.

3 Routes to Strategically Linking Procurement and Accounts Payable

When it comes to managing accounts payable processes, leading procurement organizations know that invoicing, supplier management and payments present both serious risks and strategic opportunities for the business. But while identifying risks is a logical first step to elevating the charter of accounts payable from back office workflow to strategic capability, best-in-class organizations know they must push the envelope of what AP can offer to truly enable long-term business success. To do that, procurement must ditch last century’s manual, paper-based processes and embrace an automated approach.

The Procure-to-Pay User Experience (Part 4) [PRO]

Amazon Business

In Part 1 of this series, we addressed why the user experience (UX) is important in a procure-to-pay (P2P) solution, and why we have` dedicated so much time to the topic. The reality is that if users do not use the solution to do their job, the solution does not generate value. And the ultimate key to adoption is the user experience. That’s why many IT companies are beginning to invest significantly in providing a user interface that provides the optimal user experience to do their job.

That’s also why we are providing you with this information to help you identify who those companies are. This started in Part 2, where we noted that there is not just one optimal user interface for an optimal user experience. There are multiple user interfaces, one per role. We then described the key aspects of these for the more casual roles — the casual buyer, the admin or IT supporter and the supplier. In Part 3, we began to address the professional procurement buyer role, starting with the core functionality required across the P2P platform. Now we need to address the core functionality required by the professional buyer in each phase of the P2P cycle.

The Procure-to-Pay User Experience (Part 3) [PRO]

In Part 1 of this series, we addressed why the user experience (UX) of a procure-to-pay (P2P) solution is important, and why we have dedicated so much time to the topic. The reality is that if a user does not use a solution to do their job, the solution does not generate value. And the ultimate key to adoption is the user experience. That’s why many IT companies are beginning to invest significantly in providing a user interface that provides users the optimal experience to do their job.

That’s also why we are providing you with the information to help you identify who those companies are. This started in Part 2, where we noted that there is not just one optimal user interface for an optimal user experience. There are multiple user interfaces, one per role. In our last article, we described the key aspects of these for the more casual roles — the casual buyer, the admin or IT supporter, and the supplier. Today, we tackle the requirements for the professional, full-time procurement buyer, which are predictably much more extensive.

The Procure-to-Pay User Experience (Part 2) [PRO]

In Part 1 of this series, we addressed why the user experience (UX) is important, and why we have dedicated so much time to this topic. The reality is that if users do not use a solution to do their job, the solution does not generate value. And the ultimate key to adoption is often the user experience. That's why many IT companies are beginning to invest in providing a user interface that provides the user with an optimal experience, and why we are providing the information organizations will need to identify which companies those are.

Behind the Scenes: Interpreting Q4 2017 SolutionMap Results With Jason Busch — BravoSolution and Zycus [PRO]

Today I continue to offer my observations on technology providers that participated in the Q4 2017 SolutionMaps by turning to two suite providers: BravoSolution and Zycus. During the course of our analysis, I was struck by how different both providers are overall in what they actually serve up to customers and how they fit into the market, despite having similar product footprints. Comparing the two is like comparing apples to oranges, which actually sums up quite well the odd, diverse and certainly complex category we today call procurement solutions. So sit back, relax and enjoy. And do drop me a line or post a comment if you want to add anything else to the discussion.

Behind the Scenes: Interpreting Q4 2017 SolutionMap Results With Jason Busch — Determine, GEP and Ivalua [PRO]

We recently published the Q4 2017 SolutionMaps across six different product categories and two integrated suite areas: spend analytics, sourcing (e-sourcing), contract lifecycle management (CLM), supplier management (SxM), e-procurement and invoice-to-pay (plus “strategic procurement technology suites” and “procure-to-pay” suites). Three of the providers that participated in all six core categories and both suites were Determine, GEP and Ivalua (in fact, the only other provider that participated in both suites was SAP Ariba). The full results of each tell three very different stories, but even their individual solution (and customer) narratives do not begin to get at the “whole vendor” — and what’s really happening in the market.

Easing the Pain of Hotel Booking and Travel Spend Management

services sector

Spend Matters welcomes this guest post by Julian Kulkarni, vice president of marketing at Roomex.

The lodging offered by your preferred supplier is 20% cheaper and you have never had any reason to doubt the quality of its service. But a senior sales executive insists that you book lodging at a swanky hotel that’s closer to a key account – otherwise the hot deal he is negotiating might be at risk. Trouble is, the more expensive hotel may not comply with your strict T&E policy. You just don’t know and you are having trouble getting answers. So, what do you do? It’s a classic procurement manager’s dilemma. You’d like to be flexible and make an exception, but if you are not careful, an exception can become the norm, and costs (both direct and indirect) spiral out of control.

The Procure-to-Pay User Experience (Part 1) [PRO]

The history of enterprise software systems is fraught with implementation failures. This is especially true in the ERP and MRP space, which have contributed to some of the biggest supply chain failures in history (including Hershey Foods, Adidas and Foxmeyer). But not all failures are catastrophic. The majority are just the result of (significant) project overruns in terms of time and money or the inability to deliver critical features or functions in the original system specification. And this is more common than one may think. Some estimates put the rate of project overruns in IT as high as 85%. That's problematic.

Why are there so many failures? The reasons are many. Some are the result of poor change management; others are the result of the selection of inappropriate process automation for the company; and still more are the result of limited or low-quality information. If one goes through the list of possible reasons, we see there is one commonality across the majority of failures: the user experience. Poor change management leaves users confused. Inappropriate process selection frustrates users as it increases time and effort (rather than decreasing it), and low-quality information makes users question why they are migrating to a new system at all. (And when significant system features or functions fail to be implemented at all, that's the worst user experience.)

That's why the user experience (UX) is important, and why Spend Matters has dedicated so much time to this topic (first on sourcing, and now on procurement). The reality is that if users does not use a solution to do their jobs, the solution does not generate value. And the ultimate key to adoption is often the user experience.

Fast and Included: Amazon Business Launches Business Prime Shipping

Amazon Businesses customers in the U.S. can now access unlimited, free two-day shipping on eligible items through a paid annual membership for multiple business users, the company announced Tuesday. Called Business Prime Shipping, the program brings the Amazon Prime shipping benefits consumers are already familiar with to Amazon’s B2B offering. Membership fees are tiered based on the numbers of users on the business account.

Highlights from Across the Pond at Coupa Inspire 2017: A Fraud Detection Acquisition, Open Buy Launch and R19

Brexit

Coupa has acquired an AI fraud detection company and begun its official rollout of Open Buy with Amazon Business, our colleagues at Spend Matters UK/Europe reported from Coupa Inspire last week. The two announcements highlight Coupa’s recent push to integrate more advanced functionality into its spend management platform, from bringing sourcing optimization to a wider audience to enabling the elusive “guided buying” experience.

The First Row Seat: Interpreting Q4 2017 SolutionMap Results With Jason Busch — SAP Ariba, Basware and Coupa [PRO]

The Q4 2017 SolutionMap was a major product release for Spend Matters. It included six individual functional product types, two suite areas and spanned 32 vendors. Despite our marketing claims of having invested “hundreds of hours” of analyst time in the process, the actual number felt like more in the thousands, by my own accounting. I told one of my colleagues I felt like I was “in the Matrix” at one would point when looking at technology provider demonstrations. This Spend Matters PRO Research Note does not necessarily represent the views of Spend Matters or my colleagues. But as the founder of this thing, please grant me the license to share some personal opinions on what the results may tell us, including insights into some of the providers that are on the rise (and others potentially on the fall).

Today I’ll share insights into three providers: SAP Ariba, Basware and Coupa. For each, I’ll provide SolutionMap interpretation, opinion, analysis and some succinct recommendations to customers, prospects and partners. SolutionMap is in many ways the new Spend Matters, and while it is designed to be data driven and equal parts expert and customer led, I built a large chunk of the original site on opinion. (And, I admit, sometimes gossip, though most of it proved true!) After all, Spend Matters was a blog for so long. So let me opine and share what I really think.