Afternoon Coffee: Randstad Sourceright Launches MSP Ahead; Huawei Arrest May Hurt U.S.-China Trade Talks

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Randstad Sourceright has announced the launch of MSP Ahead, calling it “the latest evolution of its managed service provider (MSP) offerings” for the contingent workforce market. And in international news, the arrest of a Chinese executive in a U.S. investigation has the potential to upend the U.S.-China trade truce, Bloomberg News reports. Wanzhou Meng is the CFO of Huawei Technologies and is the founder's daughter. Afternoon Coffee brings you the latest procurement and supply chain news.

T&E Benchmarks: How Does Your Company’s Technology Compare on Handling Travel & Expense Reporting?

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Companies in the U.S. spend hundreds of billions of dollars annually on travel and entertainment — and a study from Certify Inc., an expense report software company, surveyed executives and finance leaders to get a snapshot of how many still use manual methods versus how many have upgraded their T&E management technology. In the study, officials note that travel and entertainment costs can be a significant part of companies’ budgets, which means efficiently managing employees’ expense reports can greatly affect a company’s profits. Since 2013, the “Expense Management Trends Report: Annual T&E Outlook and Benchmarks” by Certify has worked to help companies of various sizes recognize best practices to consider in travel and entertainment reporting and as methods to benchmark such companies’ current processes against their peers.

Business Intelligence to Transform Procurement