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Spend Matters opens the ‘TAP’ at SIG’s Procurement Technology Summit

This week at the Sourcing Industry Group’s Procurement Technology Summit, Spend Matters Chief Research Officer Pierre Mitchell and Founder Jason Busch led a SIG session titled “Creating Your Procurement Technology Action Plan (TAP).” The theme of the session was that procurement should have a “TAP” that focuses on the demand side (linking the TAP tightly…

SirionLabs raises $44 million, signals its arrival at the CLM winners podium [PRO]

SirionLabs just announced it has raised $44 million in a Series C round that brings cumulative fundraising to $66 million for the contract lifecycle management firm with 400+ personnel. This is a major funding round and vote of confidence for SirionLabs as it moves into the leading positions top CLM market players, which includes providers…

Afternoon Coffee: SirionLabs raises $44M in funding; SIG Summit vendor videos; Container demand expected to drop 25%; Warehouse capacity contracted in April

The enterprise CLM provider SirionLabs has raised $44 million in a round of funding to expand its services. Read Spend Matters' PRO analysis of how SirionLabs is ascending to the top of the CLM market and reshaping the landscape for contracts solution providers. Also, the world's largest shipping company expects container demand to drop by…

Kissflow Procurement Cloud

Kissflow Procurement Cloud is a customizable procurement solution that sets the standard for all other procurement software offerings in the market. Its front-end sourcing process operates with maximum efficiency offering buyers a user-friendly experience while integrating seamlessly with backend sy...

How AI is transforming the ways companies source enterprise services

Services sourcing is being dramatically changed by AI — a previously untapped domain and significant opportunity for businesses. The pace of change has never been faster. Companies are accelerating the digitization of business operations and processes, resulting in the re-engineering of work around the world. Nowhere is this more prevalent than in procurement. Companies are revisiting…

3 Deals Signal a Changing M&A Landscape in Procurement Technology and Solutions (Part 1: Coupa-ConnXus) [Nexus]

Despite coronavirus lockdown measures, the past couple of weeks have seen a flurry of deal announcements in the procurement technology and solutions world (which represent the M&A “re-start” of about a dozen material transactions that you’ll be hearing about for the rest of the year). Deal activity is not just financial engineering. It is form…

‘E-Sourcing Execution’ Competitors: Defining the Market Landscape (Part 2) — Suite Vendors [PRO]

There are two distinct sets of vendors that offer “e-sourcing execution” functionality, the S2P providers that also offer P2P suites and the more specialized sourcing suite vendors that don’t. The variety in the second group is bigger and varies from vendors that also sell contract management or supplier management on a standalone basis to vendors…

Supplier management — the need to implement at speed in times of crisis

Spend Matters in the U.S. and in Europe has amassed a whole spectrum of insight through our Coronavirus Response series to bring you a set of go-to places for specific guidance and advice during this time of crisis. One key area is supplier information and performance management (SXM). To that, we recently joined a webinar-based…

Fiverr’s Q1 2020 Financial Results and Future Guidance — Coronavirus and Signs of a Changing Market?

Fiverr International Ltd., the online freelancer/digital services marketplace, has reported its financial results for Q1 2020, showing that it took a coronavirus hit but is rebounding. This comes a day after our post on the earnings report for Upwork, the online freelancer marketplace and managed solution company. As we mentioned in that coverage, now is…

Procurement KPIs: The ‘Keys’ that Unlock the Value of Spend and Supply Management (Part 3) [PRO]

In the first two parts of this KPI series, we highlighted some of the foundational measurements for procurement pros and the problems of traditional procurement key performance indicators in terms of how they can be incomplete, misleading and even damaging to a value chain transformation. In fact, one of the easiest ways to assess an…

BuyerQuest: Vendor Analysis 2020 Update (Part 3) — SWOT, Competitor Comparisons, Tech Selection Tips [PRO]

This third and final installment of our Spend Matters PRO Vendor Analysis update on BuyerQuest provides a SWOT analysis of the provider and a comparison of competitors. It includes a recommended shortlist of candidates that could serve as alternative vendors to BuyerQuest for e-procurement and procure-to-pay (P2P). We offer profiles of Vroozi, Zycus, Coupa, SAP…

Ivalua NOW 2020 dispatch: The unicorn and its quest for the One Platform

The Ivalua NOW 2020 conference began today online because the coronavirus disruption canceled two other in-person events. Still, a lot of speakers are scheduled for the two-day event. CEO David Khuat-Duy kicked it off Tuesday, and Chief Product Officer Pascal Bensoussan outlined the Ivalua vision for 2020-21 that highlighted Ivalua’s plans for Procurement Domination ...…

BuyerQuest: Vendor Analysis 2020 Update (Part 2) — Strengths and Weaknesses [PRO]

This Spend Matters PRO Vendor Analysis 2020 Update (Part 2) explores BuyerQuest’s strengths and weaknesses in its P2P capabilities, providing facts and expert analysis to help organizations decide if they should shortlist the vendor as a potential provider. Part 1 of our analysis provided company background information and a detailed solution overview, as well as a…