Viewing Supplier Risk and Compliance Management tagged with 'PRO'

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Making Sense of Supply Risk Management Solutions (Part 3) — A Look at 8 Supplier Management Providers - [PRO Content]
July 9, 2020 | Pierre Mitchell
“Supplier management,” often called “supplier lifecycle management,” is an area that procurement practitioners struggle with because of its complexity (as is the intersecting area of supply risk management that we’re covering in this series). Supplier management generally breaks out into two main areas: Extracting value from supplier relationships. This includes supplier performance management (SPM), supplier…
Making Sense of the Supply Risk Management Solution Landscape (Part 2) — Comparing 4 Supply Chain Risk Management Vendors - [PRO Content]
July 8, 2020 | Pierre Mitchell
In Spend Matters’ previous installment of this PRO series, we highlighted the fact that just as there is not a single type of enterprise risk, there is not a single, defined market for procurement and supply chain risk solutions that address these risk elements. We segmented the supply risk market into eight areas that integrated…
Making Sense of the Supply Risk Management Solution Landscape (Part 1) - [PRO Content]
July 6, 2020 | Pierre Mitchell
Enterprise risk has never been higher. The COVID-19 crisis has been an accelerant to other enterprise risks, such as cyberthreats, employee health and safety, and most certainly, supply risks affecting suppliers in complex value chains. For procurement and supply professionals, managing this risk is challenging because they might not necessarily get credit for reducing supply…
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…

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Q&A: ‘Unless procurement takes a different view to management of services spend, it will continue to be difficult to get it right’ : Outsourced Procurement said : Procurement should always be seen as a collaboration. Whether that's with internal departments and s...

Suppliers and Ariba: Prisoners or Not? : K said : Agree!!! Suppliers should not have to pay for access to a customer mandated system. If they want us...

WorkMarket Partners to Offer Full Coverage Workers’ Compensation for Freelancers : Andrew Karpie said : Hi James, This article is from 2017. So not sure of what is the current status at WorkMarket for t...

5 Themes That Excite Me About Procurement & Finance Tech Venture Investing : Peter Smith said : Great stuff Jason. I might add that despite the maturity, there are still some major areas with big ...

WorkMarket Partners to Offer Full Coverage Workers’ Compensation for Freelancers : James Calbert said : Is this saying that, as a service provider, workers comp is covered by WorkMarket?...