Viewing Tail Spend tagged with 'PRO'

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Coupa Pay: Solution Overview — 2020 Update - [PRO Content]
May 18, 2020 | David Gustin
For most companies, supplier payments represent 80% of total payments (internal and external). Payments include intercompany payments and payments to third party vendors. While there is no “typical” company, many larger enterprises operate multiple legal entities (think sales offices, factories, distribution centers located globally), with multiple banks, and hundreds of banks accounts. Tens of thousands…
2020 Procurement Predicaments and Predictions — Gaps and a Mega Prediction (Series Wrap-Up Part 3) - [PRO Content]
February 7, 2020 | Pierre Mitchell
In this last installment of Spend Matters’ 2020 predictions wrap-up series, we’ll dive into some additional predicament areas where there are substantive gaps to address within the digital procurement market. We’ll also explore a “mega prediction” related to digital platforms (not applications) and how this digital land grab will have an impact on picking an…
Ivalua: Vendor Analysis (Part 5) — Product Weaknesses - [PRO Content]
August 13, 2019 | Michael Lamoureux, Xavier Olivera, Pierre Mitchell, Andrew Karpie, Nick Heinzmann and Jason Busch
If you've already read Part 1 of our updated vendor snapshot on Ivalua (which includes a detailed company and solution overview), then you know that you're either going to be attracted to the depth, breadth and configurability of the solution — or perhaps overwhelmed by it if you're new to the advanced sourcing and procurement…
GoProcure: Vendor Analysis (Part 2 — Product Strengths and Weaknesses, SWOT and Selection Checklist) - [PRO Content]
July 17, 2019 | Nick Heinzmann
In our last Spend Matters PRO brief, we introduced you to GoProcure, a four-year-old provider based out of Duluth, Georgia, that is deploying a B2B marketplace and platform for tail-spend management. Bringing together basic RFQ and requisitioning tools, a marketplace for procuring goods and services, and complementary services like a buying desk, GoProcure is positioning…
GoProcure: Vendor Analysis (Part 1 — Background and Solution Overview) - [PRO Content]
July 16, 2019 | Nick Heinzmann
The question of how procurement organizations can best address the long tail of spend is still an open one, with multiple vendors offering their own flavor of the optimal tail-spend “solution.” For some, tackling the 80% of spend that is opaque and unmanaged is a matter of applying RFQ tools and automation to quickly bring…
WPS Management (Wescale): Vendor Analysis (Part 1) — Background and Solution Overview - [PRO Content]
March 11, 2019 | Xavier Olivera
Wescale is the broader “procurement umbrella” and new open business integration platform of WPS Management, a provider that traces its roots to 1997 with the creation of Wallmedien AG, one of the first e-procurement solutions for the SAP environment in Europe. We’re sorry if this sounds confusing (it is). But what matters is that since…
Fairmarkit: Vendor Introduction, Analysis and SWOT (Part 2) — Summary and Competitive Analysis - [PRO Content]
March 7, 2019 | Nick Heinzmann
The question of how to manage tail spend is as much a philosophical question as a technical one. There are issues around the thresholds that define tail spend, challenges around rogue spend that creates the long tail and the ultimate decision about who should be responsible for taming the tail. But for most procurement organizations,…
Fairmarkit: Vendor Introduction, Analysis and SWOT (Part 1) — Background and Solution Overview - [PRO Content]
March 6, 2019 | Nick Heinzmann
Tail spend is a growing area of concern for procurement. Given the granular, dispersed and opaque nature of such spend, many organizations find the task of taming the tail daunting. Purpose-built tools have long existed that adequately address strategic sourcing activities (e-sourcing) and route internal users to pre-approved catalog items (e-procurement), yet technology to support…
AI in Sourcing Optimization: The Day After Tomorrow (Part 1) - [PRO Content]
February 26, 2019 | Michael Lamoureux
In the first article of this Spend Matters PRO series, we recounted the story of AI in optimization today, or, more accurately, the lack of artificial intelligence in optimization today. While AI in its most base form of "assisted intelligence" is readily available in many modern procurement and sourcing platforms, as evidenced in our previous…
Avetta, Browz to Merge: History and the Growth of Community-Oriented, Network Models (Part 2) - [PRO Content]
February 20, 2019 | Spend Matters Analyst Team
Industry insiders might argue that the growth of Avetta, Browz, ISNetworld and other industry supplier compliance and credentialing solutions like VendorMate (now part of GHX), GRMS and Hellios should never have been allowed to reach escape velocity owing to the first mover advantage that Achilles had on this market overall. But playing armchair supplier credentialing,…
AI in Procurement: The Day After Tomorrow - [PRO Content]
November 29, 2018 | Michael Lamoureux
Spend Matters has been exploring the state of artificial intelligence in procurement. Before we look into the future, let’s see where we’re at now. We started with AI in Procurement Today (Part 1 and Part 2), which was followed by AI in Procurement Tomorrow (Part 1, Part 2 and Part 3). This leads one to…
Tail Spend Management in the Trenches: Lessons Learned and Questions Answered - [PRO Content]
July 17, 2018 | Pierre Mitchell
Spend Matters recently hosted a webcast exploring how Owens & Minor revamped its tail spend management strategy using Simfoni, a procurement solutions provider with specialized capabilities in this area. This Spend Matters PRO brief shares the detailed learnings — including segmentation approach, KPIs and ROI elements — and Q&A conducted during the session to aid…

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 ...