Viewing Supplier Risk and Compliance Management tagged with 'PRO'

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CORONAVIRUS RESPONSE: Fraud, P2P and Vendor Management Safeguards — Protecting cash and rapidly vetting suppliers in a crisis - [PRO Content]
March 31, 2020 | Nick Heinzmann
In this installment of our “Coronavirus Response” series, Spend Matters will explore fraud, P2P and vendor management safeguards. With the COVID-19 crisis creating new fires for procurement to put out and critical supply risks arising to address, fraud is an unfortunate reality that businesses need to remain on guard against — especially in times where bad…
The 5 Building Blocks of Supplier Management Capabilities - [PRO Content]
December 20, 2019 | Magnus Bergfors and Pierre Mitchell
As an analyst you want to define things, classify them and put them in buckets to be able to analyze and compare them. Often that works fairly well, and we can rate vendors and solutions against each other to find the best fit in any given situation. But in some areas this is more difficult,…
Transforming from Contract Management to Commercial Value Management (Part 1): Setting the Table for Digital Transformation (especially for procurement) - [PRO Content]
December 11, 2019 | Pierre Mitchell and Nick Heinzmann
Are you looking to find that perfect business area for digital transformation this holiday season? Well, look no further than contract management. We know what you’re thinking: Improve the efficiency of processing legal documents? That doesn’t sound very festive, or even high impact! However, contract lifecycle management (CLM) itself is being transformed toward a more…
The CPO’s Conundrum (Part 4): Economic Instability - [PRO Content]
August 29, 2019 | Nick Heinzmann
In the first three installments of this Spend Matters PRO series (see Part 1A, Part 1B), we noted that a number of pressing issues are shaping procurement from the outside in, yet chief procurement officers (CPOs) are still primarily concerned with issues set by an inside-out agenda — that is, cost-cutting and supply assurance targets mandated by…
Ivalua: Vendor Analysis (Part 3) — Downstream Solution Overview - [PRO Content]
August 6, 2019 | Michael Lamoureux, Xavier Olivera, Pierre Mitchell, Andrew Karpie, Nick Heinzmann and Jason Busch
Ivalua has been growing steadily since Spend Matters’ comprehensive update in 2016, with the suite provider adding clients, offices, employees and capability around the globe. After we provided an updated background in Part 1, we delved into Ivalua’s primary upstream solution components around spend analysis, strategic sourcing, direct sourcing and contract management in Part 2.…
ConnXus Brings ‘Quick and Clean’ Supplier Data Cleansing to the Masses with SmartScrub: Vendor Analysis Update - [PRO Content]
July 1, 2019 | Nick Heinzmann
For the majority of procurement organizations today, obtaining and maintaining accurate supplier master data is a huge pain point. Most organizations still do not trust their vendor master as a single source of truth (or even have one!) — nor do they have the time or personnel to continuously validate and enrich supplier records to…
Mastercard Track: A Gateway to a New Kind of B2B Ecosystem (Part 2) — SWOT Analysis and Market Implications - [PRO Content]
June 25, 2019 | Nick Heinzmann
Over a decade ago, American Express led the payments way in making innovative investments aimed at procurement organizations and their suppliers, primarily through its venture and partnership arms. (Remember MarketMile/Ketera, anyone?) But more recently, it appears that Mastercard has picked up the B2B innovation mantle, opting to organically build a solution aimed at buyers and…
Mastercard Track: A Gateway to a New Kind of B2B Ecosystem (Part 1) — Vendor Introduction and Solution Overview - [PRO Content]
June 24, 2019 | Nick Heinzmann
B2B payments represent a significant opportunity for payments providers. Within the U.S. alone, Deloitte research suggests that B2B payments are expected to reach $23.1 trillion by 2020, following a 5.8% CAGR since 2014, with large enterprises accounting for more than 60% of all transaction volume. Financial institutions, however, have placed comparatively less emphasis on the…
AI in Supplier Management: Tomorrow (Part 2) - [PRO Content]
May 13, 2019 | Michael Lamoureux
In Part 1 of AI in Supplier Management: Tomorrow, we began our discussion of some of the AI-enabled capabilities that you can expect to find in tomorrow's supplier management platforms, where we define AI as assisted intelligence (because, as we have discussed, there is no true artificial intelligence in enterprise platforms today and there won't…
AI in Supplier Management: Today (Part 2) - [PRO Content]
April 29, 2019 | Michael Lamoureux
As we have been repeating throughout this PRO Spend Matters’ AI series, AI is the reigning buzzword of the day in sourcing and procurement software. Supplier management is no exception. Just about every vendor out there trying to get an edge in the space is claiming to have AI, even if all they have is…
AI in Supplier Management: Today (Part 1) - [PRO Content]
April 22, 2019 | Michael Lamoureux
With this brief we begin the next installment of our series on the application of artificial intelligence (AI) to various source-to-pay technologies. Previous entries focused on AI in procurement (Today, Part 1 and Part 2; Tomorrow, Part 1, Part 2 and Part 3; and The Day After Tomorrow), AI in sourcing (Today; Tomorrow, Part 1…
After EcoVadis’ Sustain 2019: Product Strategy, Roadmap and Prospect/Customer Analysis (Part 3) - [PRO Content]
March 22, 2019 | Jason Busch
EcoVadis, which provides vendor ratings and scorecarding for sustainability and broader CSR metrics as a component of an integrated “many-to-many” supplier network and platform, has an aggressive product roadmap to expand how users interact with and leverage the supplier intelligence, which is at the very core of its value proposition. Today, in this final installment…

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How AI is transforming the ways companies source enterprise services : Russell Ruggiero said : Thank you for the informative article. Would like to touch upon three key areas. First Open Go...

As coronavirus outbreak forces firms to cancel events, these tips can help you negotiate with the venues : Audrey Maria said : Yup! It is our duty to spread helpful knowledge regarding safety measure during COVID pandemic. As ...

Spend Matters opens the ‘TAP’ at SIG’s Procurement Technology Summit : Susan Walsh said : This was a great session, Jason and Pierre were very much talking my language when it comes to tech ...

Ivalua NOW 2020 (dispatch 2): La licorne française va directement pour la route moins fréquentée : Michael Lamoureux said : Peter: Greetings from the NS lockdown. Isn't this the only answer? https://www.youtube.com/wa...

Ivalua NOW 2020 (dispatch 2): La licorne française va directement pour la route moins fréquentée : Peter Smith said : Michael, You OK mate? Greetings from the UK lockdown, Peter PS I thought the Ivalua event worked ...