Viewing Purchasing tagged with 'PRO'

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Community-based Procurement — Get a Buy with Some Help from Your Friends (Part 1) - [PRO Content]
September 16, 2019 | Pierre Mitchell
The Oxford dictionary defines “community” as “a group of people living in the same place or having a particular characteristic in common” and secondarily as “a feeling of fellowship with others, as a result of sharing common attitudes, interests and goals.” Procurement practitioners inherently have kinship with each other based on shared experiences, pain, rewards…
Exploring Basware’s Artificial Intelligence (AI) Capabilities and Roadmap: Something For AP and Procurement (Part 3) - [PRO Content]
May 30, 2019 | Jason Busch, Xavier Olivera and Nick Heinzmann
Artificial intelligence is starting to transform the value proposition of procurement and finance technologies. But it is not just start-ups that are building new capabilities and gaining momentum. Procure-to-pay stalwarts like Basware are making significant investments in the area as well. This Spend Matters PRO brief explores where Basware’s AI investments are appearing in its…
‘Just Coupa It’: By Buying Aquiire, Coupa Targets Google-like Search and the End of Punch-Outs - [PRO Content]
October 16, 2018 | Nick Heinzmann and Pierre Mitchell
Coupa announced its latest acquisition Monday with its purchase of Aquiire, a provider of e-procurement and procure-to-pay software. The deal brings to Coupa’s business spend management suite — which now includes support for e-procurement, P2P, source-to-pay, travel and expense management, and services procurement — many of the latest features for front-end shopping and catalog management,…
Group Purchasing Organizations: Supplier Perspectives and the Evolving GPO Landscape - [PRO Content]
March 28, 2018 | Tom Finn, Pierre Mitchell and Jason Busch
Joining a GPO is like getting a Costco membership. You know you’re not going to get ripped off, so you probably won’t put much thought into joining. But therein lies the rub for GPO members. Like Costco, a GPO is a one-size-fits-all marketplace where you may overbuy when you get there or underbuy by not…
An Introduction to Group Purchasing Organizations (GPOs) - [PRO Content]
March 22, 2018 | Tom Finn, Pierre Mitchell and Jason Busch
Group purchasing organizations (GPOs) are not a new idea. Agricultural cooperatives aggregated the buying power of farmers hundreds of years ago. That said, GPOs have evolved quite a bit, and the infusion of new digital capabilities is taking that evolution to an even higher level. This evolution also means that procurement organizations must go in…
BuyerQuest — Emerging From Under the Radar With ‘Second-Generation P2P’ - [PRO Content]
October 22, 2015 | Xavier Olivera
BuyerQuest considers itself among a second generation of new procurement solutions providers, after Coupa, which it describes as first generation (not something we’d necessarily agree with, depending on definition). Its definition probably hinges on examining the state of cloud-based solutions today rather than on a much earlier perspective, say, around the time of Ariba Buyer…
Verian Version 14 Highlights: Attacking Coupa’s Ground in the P2P Suite Wars - [PRO Content]
September 15, 2014 | Jason Busch
Last week, in the first installment of this Spend Matters PRO update on Verian, one of a small group of dominant P2P players in the North American middle market today, our analysis explored the technology provider’s progress in the market, including the latest on the firm by the numbers and its overall transition to a…
Verian: Seizing Opposite Ground From Coupa in the P2P Wars (Company Update, Recommendations) - [PRO Content]
September 12, 2014 | Jason Busch
It’s not every day that a tech analyst gets to South Carolina (except those focused on agricultural yield improvements or manufacturing). But last week, after a meeting in Charlotte, I had the chance to drive down to Verian’s headquarters (for the first time) to meet with the management team. It was time well invested, and…
On the Evolution of Group Purchasing Organizations and How CoVest Bucks Convention - [PRO Content]
May 1, 2014 | Jason Busch
Group purchasing organizations (GPOs) are typically not well understood by procurement practitioners unless they’re already engaged with providers. This lack of full appreciation of the model (outside of healthcare) is partly due to the fact that GPOs tend not to market themselves to prospective members as much as software vendors, other services firms, and even…
Analytics at the Core of P2P and E-Invoicing: Basware’s Transformative Effort - [PRO Content]
June 12, 2013 | Jason Busch
For many P2P providers (aside from those with robust spend analysis modules that extend beyond GL and invoice-centric analysis), analytics has been a bolted-on afterthought. It’s included in the solution as a standard set of reports, or it’s an inexpensive – yet often somewhat useful – add-on buried in the price sheet. Regardless, analytics are…
Private Equity and Procurement: Building a Savings Network and Results - [PRO Content]
June 3, 2013 | Jason Busch
Continuing with our analysis of private equity and procurement based on Jeff Gallant’s observations at the SIG event, one underplayed aspect of the network or portfolio effect of driving procurement and operational savings is the, well, network itself! Jeff suggests that the value of the “social network” – i.e., getting different portfolio company procurement leaders…
Private Equity and Procurement: Driving Savings and EBITDA - [PRO Content]
May 29, 2013 | Jason Busch
The first installment of this series (and subsequent topical coverage), exploring the evolution of private equity and procurement, is based on a presentation given by […]

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