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Proactis’ flagship event ReThink ’20 will focus on agility in Procurement and Finance

home working

The landscapes of the Procurement and Finance functions have changed quite substantially over the past year, and even more so over the past six months as they have faced the turbulence of supply disruption, employee retention, and of course spend management challenges. The functions are facing a new way of working and have been forced to adapt to new pressures as they have become more and more relied upon to deliver business continuity.

ReThink ‘20 — the annual flagship event from spend management specialist Proactis — has been designed specifically to help Procurement, Finance and IT senior professionals rethink their course to reach the maximum value they can for their organizations.

Over the course of three days from Nov. 10 to 12, ReThink ‘20 will bring together spend management professionals in a virtual event to share knowledge, best practice, their achievements, shortfalls and learnings in honest and open discussions to really help the professions align.

Payments as a service — the organization’s vehicle for growth

With at least six months of business and supply chain disruption behind us, many firms are wondering where they will be in the next six months. The answer to that question rests partly on the efficiency of our payments infrastructure.

To help business continuity, we must be able to trust our payment systems to remain robust and work efficiently in real time so that buying firms, their suppliers and their customers can continue to transfer funds in return for goods and services, regardless of economic tremors in the market. While supply chains will recover from the crisis at different times, depending on geography, our payments systems must be constant if they are to help business through a time of disruption. So businesses and the P2P solutions they rely on should consider putting the payments element at the core of their strategic agenda.

IT Supply Chain: Tech sales see some silver linings

IT market trends

COVID-19 continues to depress some parts of the economy but, from a financial perspective, there were some silver linings. Sales in technology that support work and play at home were on the rise in September, giving the IT supply chain and business users some much needed respite in what has been a difficult year for supply of these products.

As per usual, it was not all rosy, and fortunes continue to drop in the smartphone market. No one can deny the general downturn in sales in this category. To help navigate the ups and downs and maintain a clear view of what represents a fair price, here are some of the latest developments and major movements that are influencing key IT product categories.

Public Spend Forum – Public Procurement news from this week

public procurement

Public Spend Forum talked to Kraus Hamdani Aerospace CEO & Co-founder Fatema Hamdani about the company, the problems it is solving, and how it is doing that. Under her leadership, the firm is reinventing Smart-Persistent, ultra-long-endurance drones using artificial intelligence, machine learning technology, and biomimicry. The firm develops autonomous persistent fixed-wing Unmanned Aerial Systems and has taken a massive leap forward with a record-setting 12-hour flight at the U.S. Army Yuma Proving Ground.

‘Bad Buying’ hits the bookshelves for procurement leaders looking to avoid deals deemed failures, frauds — and worse

We are delighted to welcome this post from our friend and former colleague Peter Smith on the launch day of his new book. When I […]

COVID continues: Expect limited travel, more need for e-auctions and remote supplier relationship management

Global Risk Management Solutions (GRMS)

The coronavirus crisis has reshaped the business world’s thinking about working remotely. “Work from home” can be done, but it needs to work better — especially because the pandemic continues to curtail the types of interactions that help grow a business: international travel, face-to-face meetings to land new clients, visiting existing suppliers or moving supply chains to a new country.

With borders closed and more infections and lockdowns expected in the fall and winter, emergency plans that worked in the spring need to be bolstered with more robust digital transformation plans that add functionality like e-auctions and supplier relationship management (SRM).

And in addition to tackling the COVID-19 disruptions, better digital interactions are needed to address the forces that were reshaping global supply chains before the crisis hit.

Public Spend Forum – Public Procurement news from this week

procurement news

Public Spend Forum (PSF) is a public sector procurement global community and market intelligence platform dedicated to improving public buying everywhere. GovShop is its free-to-use government market research tool for finding and connecting with suppliers. Here's the latest from PSF.

Webinar - eProcurement: The Backbone of Digital Government — Spend Matters’ Jason Busch, Jarrod McAdoo of Ivalua, and Hal Good, Procurement Advisor and Futurist will be joining Public Spend Forum on Tue, Oct 13, 2:00 ‒ 3:00 pm EDT to talk about the critical role eProcurement plays in enabling a digital government.

ISS makes Spend Flexibility synonymous with Business Agility using Amazon Business

Amazon Business

ISS, a leading global workplace experience and facility management company, provides organizations with every facility solution they might require to support their own core activities. The key to being able to give its customers this total facilities management (TFM) service is ‘agility.’

The ability to respond quickly to customer demand, no matter how small, is something that can really differentiate a service provider in today’s market, and those that want to be a customer of choice must be able to do that. For the Procurement team, that requires sourcing excellence in all that they purchase.

The scale of the purchases involved for a multi-faceted FM outsourcing organization is huge. When a firm has a 100-year reputation of providing a quality service to maintain, and a breadth of services to offer grown out of strategic acquisitions, then standardization and compliance are paramount. One of the areas that historically generates many challenges for Procurement is that of tail spend. Ad hoc spending can go undetected, uncontrolled and become maverick. If a Procurement function wants complete vizibility, then it must also control the tail. Here's how ISS achieved this.

Feeling pressure from fintechs, SWIFT to update its cross-border transaction capabilities

SWIFT, the Belgium-based cooperative whose money messaging services are used for cross-border transactions around the world, is feeling the heat from firms muscling in on its dominance in the field.

Goodbye Spend Matters Europe – Hello the World!

Some readers may have observed recently that when you click on a Spend Matters UK/Europe article to read it in full, it takes you to […]

Digital Procurement World celebrates 9 start-ups in procurement at DEMO VIRTUAL

Last week, Digital Procurement World (DPW) hosted its second annual DEMO event, which highlighted nine innovative start-ups in procurement technology. All nine presented their solution ideas to a panel of judges, and three were named winners. The start-ups represented different emerging elements in the space today — hospitality, tail spend management, logistics, sustainability, spare parts sourcing, machine learning, supplier relationship management, among others.