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Coupa Ventures execs: New fund seeks problem-solvers who have ‘bias for action’ in business spend management
June 10, 2021 | Spend Matters Team
Coupa Ventures was unveiled last week as a $50 million fund to foster innovation and back entrepreneurs, according to two Coupa executives who spoke to Spend Matters. “Ideally, this is going to be for problems around the business spend management space that our customers have. … And we’re looking for capable entrepreneurs, entrepreneurs who can…
Spend management: The next big wave in accounting automation - [Sponsored Article]
June 10, 2021 | Darcie Lamond, Airbase
If a “big wave” ushers in changes to the way we do things, how we understand things and even how we relate to each other, spend management is a tsunami. Spend management improves the efficiency of accounting and operations by automating time-consuming, error-prone manual work. It shortens the time-to-close, provides for continuous accounting and opens…
Coupa sheds light on its earnings and discusses trends in Covid recovery, digital transformation
June 8, 2021 | JP Morris
Coupa, a provider of business spend management software (BSM), lost share price but did better than analysts expected — and its revenue grew more than expected, reports said after Coupa released Q1 earnings information Monday. On an earnings call with analysts, Coupa executives gave their view of trends for the Covid recovery and the digital…
Women in Procurement Wednesday: Sarah Toomey on ‘taking the microphone’ as a procurement team leader
May 26, 2021 | Sally Ehrmann
While life in a pandemic may feel monotonous after over a year, those that follow what excites them will find success. At least, that’s the lens that Sarah Toomey takes on her career. Toomey is the Head of Strategic Sourcing and Procurement at Anaplan, an analytics and planning platform. She stumbled upon her role at…
Technology targets a problem in asset-intensive industries: ‘Contractor spend’ becomes unwieldy as use of extended workforce rises
April 28, 2021 | Spend Matters Brand Studio
When people think about the external workforce, they often refer to contingent staff and purchased services, an area typically covered by legacy technology solutions like MSPs and VMS. But those don’t address a growing problem now: how to handle management duties as more outside workers are being brought into asset-intensive industries to maintain and upgrade…
After Basware, Justin Sadler-Smith joins Jaggaer to lead Northern European sales, talks innovation with Spend Matters
April 27, 2021 | Sally Ehrmann
Jaggaer has made a lot of headlines lately with new organizational announcements and moves. It recently announced the launch of a new digitally-minded strategy and the introduction of the Jaggaer Adopt, Assist and Advise solutions. It also made news with its latest hire: Justin Sadler-Smith as the Vice President of Sales for the UK and…
Creactives: Vendor Analysis (Part 1) — Solution overview, strengths/weaknesses, tech selection tips - [PRO Content]
April 6, 2021 | Michael Lamoureux
In this two-part Spend Matters PRO series, we will overview Creactives' unique technologies and capabilities that make it a vendor that every global multinational sourcing direct materials should be considering as part of their overall source-to-pay and/or supply chain technology arsenal. While there are a large number of traditional solutions for material master data management…
Airbase: Vendor Analysis — Solution overview for spend management, roadmap, customer feedback, Airbase competitors, analyst insights - [PRO Content]
March 15, 2021 | Nick Heinzmann
There’s no company that doesn’t benefit from exerting better control over external spending. Yet if you looked at the procurement technology market, one might be forgiven for assuming that small and medium-size enterprises (SME) don’t suffer from this issue enough to merit their own class of spend management solutions. Airbase, a San Francisco-based vendor that…
Women in Procurement Wednesday: Shannon Kreps on pushing yourself to find a voice in the procurement world
February 17, 2021 | Sally Ehrmann
Procurement bridges business operations, so it’s imperative that the professionals running the department become a jack of all trades. It involves a mixture of data analytics and project creativity, or the combo of teamwork and being self-sufficient. That’s exactly what Shannon Kreps strives for as the vice president of product marketing at Medius, a provider…
New Hackett research: Spend cost reduction back at the top of the CPO agenda
February 2, 2021 | Nancy Clinton
The Hackett Group has published its latest research into CPO key issues for 2021. “Procurement must continue to focus on its core mission of spend cost reduction,” the report states, “leveraging digital tools and business partnerships to maximize savings. For example, specialized procurement technologies can elevate the strategic sourcing process, and leveraging new data sources…
Why source-to-pay technology needs to support ‘plan to pay’ for better planning in spend and supply management
January 21, 2021 | Pierre Mitchell
Given the current business environment, good planning has never been more important, and this certainly includes finance, operations and procurement. We’ll explore the “plan to pay” topic in this post and, later today, in a Spend Matters PRO post for subscribers about GEP's Budget-to-Pay offering that addresses this area. Finance should engage the business to…
Spend Friends podcast discusses the human side of supplier innovation
January 14, 2021 | Sally Ehrmann
Despite its focus on technology, procurement innovation will shift the industry's attention to more of the human-centric side of doing business — specifically in supplier innovation, said Clive Heal, an innovator and keynote speaker at CRH Innovation. Heal joined Spend Matters and CIPS in the second episode of the video podcast Spend Friends. It's a…

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