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Artificial intelligence levels show AI is not created equal. Do you know what the vendor is selling? [PRO]

Just like there are eight levels to analytics as mentioned in a recent Spend Matters PRO brief, artificial intelligence (AI) has various stages of the technology today — even though there is no such thing as true AI by any standard worth its technical weight. But just because we don’t yet have true AI doesn’t…

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Getting from ‘Adapting’ to ‘Learning’

“Adapting.” It’s a single word that describes how many of us are carrying on personally and professionally amid the COVID-19 disruption. SIG is no different. We held our inaugural Procurement Technology Summit in May as a completely virtual event. It was new territory for SIG, but we were committed to making the attendee experience every…

Xeeva: Vendor Analysis (Part 2) — SWOT, Competitors & Market Overview, Tech Selection Tips [PRO]

A competitive analysis on Xeeva is difficult because the source-to-pay provider doesn't just compete against the handful of players trying to bring machine learning and AI to the S2P space. It also takes on all of the traditional source-to-pay vendors who offer modern sourcing experiences, especially if they are augmented with market intelligence, best practices,…

Getting Real and Resilient in Direct Procurement Execution

Direct procurement execution area (i.e., e-procurement for direct) has been crying out for better technology for over 40 years, and it’s actually much more complicated than you’d think. I’ll dive into this in future analyses, but one interesting provider that I checked out recently is SourceDay. Despite the name, it’s not a strategic sourcing player,…

Teampay: Vendor Analysis — Solution Overview, Strengths/Weaknesses, Opportunities/Threats, Tech Selection Tips [PRO]

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…

How procurement leaders can become catalysts for enterprise transformation: A Q&A with Globality’s Keith Hausmann

The way that businesses buy and sell services and goods has dramatically changed over the past few years. Procurement leaders are rapidly revisiting their operating models and investing in capabilities that provide ongoing business continuity as well as position their companies for long-term growth. In this article, Globality Chief Revenue Officer Keith Hausmann shares some…

Coupa acquires BELLIN, targeting treasury management (Part 2: TMS Market, Competitors and TAM / Market-Sizing Considerations) [Nexus]

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…

Technology can bring departments like HR, procurement together to increase extended workforce and solve problems

As the use of workers not categorized as traditional W-2 employees — aka the extended workforce — grows at a rapid pace, companies are often struggling to find, engage and keep those workers at competitive market rates. Traditional sourcing methods are no longer optimal in the global economy, which demands a wide search for the…

Xeeva

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Founded in 2014, Xeeva is a leader in indirect spend management solutions that optimize the entire procurement process – from delivering the industry’s most comprehensive spend data through guided buying. Xeeva does more than just improve processes; it transforms your business with best practice...

To cut business risk, tax problems need to be addressed in procurement’s digital transformation

Discussions about the digital transformation of business processes often go into great detail about things like the technology for matching invoices and purchase orders (PO’s) or how e-procurement catalogs can ensure on-contract buying and tame rogue spend — but the complexity of handling taxes is rarely addressed. And that’s a huge risk to businesses.