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Why now is the time to transform procurement - [Sponsored Article]
September 15, 2020 | Ian Thompson, UK General Manager, Ivalua
The need to increase supply chain sustainability, boost profitability and mitigate supplier risk in the wake of COVID-19 has turned procurement from a cost-cutting department to a strategic arm of the business. Recent research found most procurement professionals believe colleagues consider them to be a key business partner, contributing significant strategic value (67%). Ian Thompson…
Afternoon Coffee: Coupa reports strong earnings; Brightfield launches Workforce Intelligence Report series; Campbell Soup forecasts supply chain issues
September 9, 2020 | Sally Ehrmann
In today's headlines, Coupa released its earnings report, showing a year-over-year increase in total revenue and subscriptions. In other news, Brightfield — a provider of talent data analytics — just launched a new report series on the contingent workforce environment. Also, Campbell Soup Co. expects supply chain disruptions through November — the peak of soup…
Oversight Systems — TCV acquisition, spend compliance intro and sector musings
September 3, 2020 | Jason Busch
On Wednesday, Oversight Systems announced that TCV, a private equity firm, had acquired a majority stake in the provider of spend compliance solutions from Luminate, the previous investor. Oversight competes in the spend compliance market, a clever overlay that sits alongside — or on top of — source-to-pay process and data flows, primarily for indirect…
Beyond Spend Influence: Enabling Procurement’s Emerging Roles in Business Transformation (Part 2) — Empathy, Alignment, Mission, Brand and Procurement Service Delivery - [PRO Content]
September 3, 2020 | Pierre Mitchell
In the first installment of this Spend Matters PRO series, we kicked off our analysis of how progressive organizations are influencing spend and stakeholders at a deeper level beyond traditional sourcing influence. In this next edition, we’ll dive into some strategies for deeper and more meaningful engagement with stakeholders, and some examples from some progressive…
Beyond Spend Influence: Enabling Procurement’s Emerging Roles in Business Transformation - [PRO Content]
August 31, 2020 | Pierre Mitchell
Anyone familiar with YouTube “influencers” knows that they’re not trying to engage you for your benefit, but for their own. They intend to monetize that influence for themselves and their corporate backers. Speaking of the corporate realm, the ability to influence others isn’t exactly a new concept. In fact, you can go back 85 years…
Critical procurement tech that will help you through Covid-19 – ProcureCon Indirect
August 20, 2020 | Nancy Clinton
On September 3rd this year, Worldwide Business Research (WBR) will host its online ProcureCon Indirect event for procurement practitioners from all over the world. WBR […]
Corcentric Payments — Introduction and Solution Overview - [PRO Content]
July 29, 2020 | David Gustin
Being in the source-to-pay (S2P) space with a competitive “last mile” payment offering these days is increasingly being viewed as a must-have. There appears to be little doubt that B2B payments functionality is playing catchup when it comes to automation, compared to other key areas in the enterprise. Most businesses, regardless of size, will look…
Procurement KPIs Series (Part 4) — Deep Diving into ‘Spend Under Management’ - [PRO Content]
July 27, 2020 | Pierre Mitchell
One of the goals of a business is to have as much spend (with a capital “S” for all expenditures: CapEx, OpEx and COGS) under management as possible. And that goal should be extended out to supplier spend, where procurement wants to have as much supplier spend influence as possible. That way you know what…
Banks can do business payment innovation too: A look at U.S. Bank’s Instant Card - [PRO Content]
July 23, 2020 | David Gustin
Millions of employees across the globe have adjusted to working remotely. Amid the coronavirus disruption, some regions are beginning to see storefronts, businesses and factories slowly re-open. Whether employees are working remotely or starting to go back into the office, they need a way to make business purchases for things like home office supplies, PPE…
Teampay: Vendor Analysis — Solution Overview, Strengths/Weaknesses, Opportunities/Threats, Tech Selection Tips - [PRO Content]
June 22, 2020 | Nick Heinzmann
This year, remote work went from a reluctant experiment in the corporate world to an economic necessity. But the coronavirus pandemic-induced shift from the office to working from home was about more than shedding commutes and embracing video chat — it brought processes home too. Employees who relied on office-based tools and organizational infrastructure to…
‘The answer to a better nation is supplier inclusion’
June 17, 2020 | Spend Matters Team
Procurement veterans Daryl Hammett and Jason Busch, who have expertise in supplier diversity and the power of how businesses spend their money, propose in a new paper that the economic and racial disparity that’s forcing the United States to confront long-standing inequalities can be eased by greater access to business opportunities. They realized current programs…
Coupa acquires BELLIN, targeting treasury management (Part 2: TMS Market, Competitors and TAM / Market-Sizing Considerations)
June 17, 2020 | Jason Busch
Last week, Coupa made the surprise move to push its business spend management suite into an adjacent space that no other source-to-pay, procure-to-pay or AP automation solution vendor has gone before: the world of treasury — and specifically, treasury management systems (TMS). See initial Spend Matters Nexus and PRO coverage here: Coupa acquires BELLIN, targeting…

Has Your Company Considered Outsourcing Your HR Business Processes? : Kathyrine Peterson said : Our company does not depend on outsourcing we have our HR staff. but I think there is still a lack o...

“Ariba Doesn’t Have Customers, It Has Prisoners” : Steve Saxon said : Freemarket is a similar firm that buys goods online with supplier agreements locked up. No problem a...

Afternoon Coffee: Amid COVID-19, the services PMI grows slower in August; Unemployment claims fall this week; Autonomous trucking gains ground : Kevin Melton said : I wonder whats the cost of autonomous fleets and people being replaced. It dosnt seem like it would ...

Re-evaluating the cash conversion cycle in the COVID-19 era : Dino Solari said : NOTHING WILL BE LIKE BEFORE Impact of the virus corona (COVID-19) on the DSO A simple question. If...

Re-evaluating the cash conversion cycle in the COVID-19 era : Dino Solari said : se il fatturato nel post covid è crollato e i pagamenti hanno subito rallentamenti come si fa a calc...