General News Content

Afternoon Coffee: Catalant raises $35 million; Amazon, DHL, 9 others join electric vehicle alliance; president to sign USMCA

Catalant Technologies, which enables organizations to leverage external talent and services in an agile way, announced its closing of a $35 million Series E equity round. In other news, an electric vehicle alliance gets the attention of some heavyweight companies like Amazon, DHL, Ikea North America and eight others. And the USMCA trade deal that replaces NAFTA will be signed into law Wednesday in Washington. Afternoon Coffee: A Friday jolt of procurement and supply chain news. Have a good weekend!

Afternoon Coffee: Accenture uses blockchain for supplier marketplace; Boeing delays new plane; supply chains see U.S.-China trade war slowing growth  

Accenture has come up with a blockchain-enabled solution called True Supplier Marketplace, a shared procurement platform for Accenture buyers or others to more easily onboard suppliers and manage their information, the consulting company said in a blog post. In other news, Boeing pumps the brakes on plans for a new mid-market plane. Also, professionals in supply chain and logistics share their concerns about threats to global growth in a survey. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Tealbook nets $5 million; Simfoni raises $3 million; GEP lands CITGO; Google Cloud for Lufthansa

Tealbook, a provider of enriched supplier data meant to improve a procurement team’s visibility, announced that it has raised $5 million in a seed plus funding round. Simfoni, a digital solutions provider for spend analytics and buying automation with offices in the UK, Chicago and Dubai, announced that it has raised $3 million in Series A financing. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Magnus advises procurement tech vendors on breaking into U.S. market; USMCA approved by Senate

Spend Matters’ analyst Magnus Bergfors is our VP of European Research, and he’s based in Sweden. So he knows the European market. He also knows the U.S. market, and in a post on Spend Matters Europe, he shares what it takes to make it here. In other news, the Senate approves the USMCA trade deal; the latest employment numbers show fewer jobs were posted; U.S. federal deficit hits $1 trillion; and President Donald Trump adds legal heavyweights to his impeachment trial that's underway. Afternoon Coffee: Rounding out the week with a jolt of news.

Afternoon Coffee: Tariffs, uncertainty remain after U.S.-China trade deal; 6 AP automation firms merge into 1; federal supply chain plan decried

After the United States and China signed the phase one of their trade deal yesterday, businesses are trying to figure out what the tariffs and terms mean for their supply chains. In other news, six expense and AP automation firms — Abacus, Captio, Certify, Chrome River, Nexonia and Tallie — merge into one and call the company Emburse. A new proposal that would let the Commerce Department cancel international deals is getting pushback. And a panel of experts has recommendations for the FAA over Boeing's grounded 787 MAX. Afternoon Coffee brings you the latest procurement and supply chain news.

Afternoon Coffee: U.S., China sign initial trade deal; Amazon ends FedEx ban; Cleo updates solution; ‘50/50’ for 2020

The U.S. and China on Wednesday signed phase one of a trade agreement that begins to curb a trade war in its second year. In other news, Amazon eases its ban on using FedEx Ground. And the implementation provider Cleo updates its solution that helps supply chains. Afternoon Coffee brings you the latest news in procurement and supply chain news.

Afternoon Coffee: Tradeshift restructuring; Is ‘New Law’ like Atrium disrupting itself?; U.S. won’t label China a currency manipulator; Shelby Group funding

Tradeshift announces a $240 million funding round, and CEO Christian Lanng talks to Spend Matters about the details, strategy and the future. Read the full interview here. In other news, China won't be labeled a currency manipulator, the U.S. Treasury says. And catch up on interesting developments in New Law, where tech considerations have outweighed having lawyers for one business, Atrium. Afternoon Coffee brings you the latest in procurement and supply chain news.

Tradeshift has $240 million funding round, plans to restructure and focus on near-term profitability


Tradeshift, a solution provider known for its network, supply chain payment offerings and marketplaces, announced today that it has a funding round of $240 million in equity and debt that sets “the company on a direct path to profitability in the near future,” the announcement said.

CEO Christian Lanng spoke with Spend Matters and said this marks a time for refocusing on high-value efforts and restructuring the company, which was founded in 2010.

“It's been a very long journey to get critical mass. It actually doesn't feel this long today. Ten years is quick in our space,” Lanng said.

Read more about the changes at Tradeshift.

Afternoon Coffee: It’s time to update Almanac for “50/50”; U.S.-China trade war analyzed; 737 Max grounding may hurt GDP

This year, the annual Spend Matters “50 Providers to Know” and “50 Providers to Watch” lists will be released April 22 at the SIG Procurement Technology Summit in Florida. To be considered for the lists, your company must have an up-to-date listing in the Spend Matters Almanac. Be sure to add or update your listing here by Feb. 7! In other news, the U.S.-China trade deal's phase one will be signed this week, and The Wall Street Journal takes a look back at the two years of tariffs and the fallout. And the Treasury secretary says the grounding of the Boeing 737 Max could hurt the GDP this year. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Magnus’ 2020 vendors’ prediction review; LevaData, Zebra team up on direct sourcing; hurricanes & supply chains

Spend Matters analyst Magnus Bergfors has reviewed all of the 2020 predictions offered by several vendors and published on Spend Matters Europe. “If you look at them in aggregate, a couple of interesting themes occur across almost all vendor predictions,” he writes about the insights from Basware, Ivalua, Efficio, Vortal, State of Flux, SAP Ariba, SAP Fieldglass, Jaggaer, Capita and Inverto. In other news, LevaData will be working with Zebra Technologies on its supply chain technology and direct sourcing. Also, a report sheds light on how supply chains can rebound after hurricanes. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Coupa buys Yapta for T&E spend; blockchain coffee farmer app at CES; White House offers AI guidelines

Earlier today, Coupa announced that it’s buying Yapta, a website that dynamically monitors airline and hotel prices to book or rebook at the lowest price. The move bolsters Coupa’s business spend management suite in the travel and expense (T&E) category. In other news, a blockchain-backed app lets users see into the coffee bean supply chain with the "Thank My Farmer" app. It was announced at the CES conference in Las Vegas. Also, the White House introduced guidelines on how to regulate artificial intelligence (AI) in the future. Afternoon Coffee brings you the latest in procurement and supply chain news.

Coupa acquires Yapta, boosting its T&E capabilities

Coupa announced today that it is buying Yapta, a website that monitors airline and hotel prices in real time and rebooks at the lowest price. The addition to Coupa’s business spend management suite of offerings bolsters its travel and expense capabilities, according to the announcement.