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SAP Fieldglass Assignment Management launches to tackle projects and track worker access, compliance and pay

SAP Fieldglass Assignment Management

SAP Fieldglass Assignment Management is a new solution that enables organizations in asset-intensive industries (like Oil & Gas, Chemicals, Utilities) to manage the execution and accounting of day-to-day plant maintenance work conducted by external workers, the provider said in a demo with Spend Matters. Read more about the benefits of tracking projects, workers, compliance and pay in near real time. And our analysts give their key takeaways from the demo.

Greensill Capital’s troubles, supply chain finance — and where do we go from here?

The future of the supply chain finance firm Greensill Capital is on shaky ground, and after our initial coverage of its impact on SCF, let’s look ahead.

News about Greensill broke this week when an insurer gave notice of intention not to renew a policy, triggering uncertainty about Greensill’s value. The trade cover insurance provided to Greensill is in the order of US$4.6 billion, in respect to about 40 clients. This forced Credit Suisse Group AG to freeze a client fund that bought the debt — and has rocked the supply chain finance industry.

Greensill's troubles are all playing out in real time, and things are happening fast, but I jotted some notes on where we go from here.

PRO Unlimited acquires PeopleTicker in bid for more contingent workforce market data

PRO Unlimited, the contingent workforce management services solution provider, announced its acquisition of PeopleTicker, the workforce rate benchmarking and analytics platform. The terms of the deal were not disclosed.

According to today’s announcement, by acquiring PeopleTicker, PRO Unlimited “has expanded the capabilities of its contingent workforce management platform.” The announcement also noted that PeopleTicker uses “machine learning and industry-expert crowdsourcing” to assemble an extensive market rate database global, covering labor markets in 160 countries.

Coupa acquires LLamasoft, beefing up supply chain planning data for its business spend management solutions

In its fourth acquisition this year, Coupa on Monday announced the acquisition of LLamasoft, a specialist in supply chain design and planning solutions that Coupa will leverage to expand the direct procurement capabilities it offers within its platform for business spend management (BSM). Coupa said it paid about $1.5 billion for LLamasoft. In a call with Spend Matters, they detailed the deal, and our analysts delved into what this means for the procurement technology market.

EC Sourcing acquires BidMode, a sourcing optimization specialist

In breaking news, EC Sourcing Group on Tuesday announced it acquired Indiana-based BidMode late in 2019 and over the last year has integrated the sourcing optimization specialist’s solutions, including for rapid bid analysis functionality, award optimization and advanced freight scenario modeling. Read more about the deal and the key players.

CLM specialist Agiloft gets $45 million investment, starts growth strategy with new CEO

Agiloft, a specialist in contract lifecycle management (CLM), has charted a new course for itself by landing its first outside investment in the company’s three-decade history and adding new leadership, the California-based vendor announced Monday.

Coupa acquires ConnXus, adding a wealth of supplier diversity capabilities

In its second acquisition this year, Coupa has acquired the supplier diversity specialist ConnXus, according a Spend Matters interview Monday with Coupa, a suite provider of business spend management solutions. Terms of the deal were not disclosed, but Coupa said talks had been going on since 2019 and that the coronavirus disruption played no role in the negotiations.

Coronavirus update: Trade with Europe isn’t part of U.S. travel ban

procurement news

“The restriction stops people not goods," President Donald Trump tweeted, in part, after his Oval Office address where he announced travel restrictions with much of Europe as part of his strategy to curb the spread of the coronavirus outbreak. His speech mentioned the travel ban and trade at the same time, making it unclear if the U.S. intended to shut down imports and exports with Europe. Also, read this story for the latest headlines on the coronavirus' effect on people and the economy.

In reaction to coronavirus, U.S. suspends travel with Europe — but not the UK

FM Global Resilience Index

In response to the coronavirus outbreak, the U.S. will bar travel from Europe for 30 days, beginning late Friday, said U.S. President Donald Trump in an Oval Office address to the nation Wednesday night. He said the UK, which recently separated from the European Union after the prolonged Brexit debate, is not part of the ban. 

Coronavirus disrupts spring procurement events: My View, by Jason Busch

Updated March 17 with ISM canceling its April conference in Boston. In the past 48 hours, coronavirus concerns have led five procurement and finance solution providers to cancel components of their spring events:

* EcoVadis Sustain (March, now a virtual event)
* Oracle Modern Business Experience (including Modern Supply Chain World) (March, no event, but speeches to be broadcast)
* SAP Ariba Live (March, Las Vegas event rescheduled as a virtual event)
* Ivalua Now (March, Paris event called off, but webcasts and online updates planned)
* Basware Push.Play.Connect (April, Berlin event canceled and virtual one planned)

The virus COVID-19, specifically, is the culprit.

Many other spring events have not been canceled yet. Let's support our procurement partners and clients during this trying time. Things may go digital for the next couple of months by necessity (in part or in whole), but relationships are never forged or maintained in a virtual world alone.