General News Content

Afternoon Coffee: VNDLY raises $8.5M; Tradeshift gets creative on stimulus; Upwork grows in Q1; SIG Summit starts online next week

An $8.5 million funding round was announced by the workforce solutions provider VNDLY, which is also today's highlighted video in Spend Matters' "50/50" reviews done by our analysts. In other news, Tradeshift is looking to expand a financial model that helps exporters fund their suppliers amid the coronavirus disruptions. Also, the global online freelancer marketplace Upwork has released its Q1 financial results, showing growth during the coronavirus crisis. And on Monday, the SIG Procurement Technology Summit will begin, running from May 11-15, 2020, and registration information can be found here. Afternoon Coffee brings you the latest in procurement and supply chain news.

‘50/50’ webinar rewind: Spend Matters’ analysts answer questions about 2020 lists of top providers

Spend Matters recently hosted two webinars about our annual lists of top procurement companies called “50 Providers to Know” and “50 Providers to Watch.” The webinars were held for audiences in the U.S. and Europe, and we’ve summarized the Q&As here for readers.

The bulk of the webinars went over the dynamics of this year’s “50/50” lists, offering insights into the qualifications that Spend Matters’ analysts take into account when creating the lists. But with so many determining factors going into these lists, European and North American attendees naturally had some questions.

Afternoon Coffee: U.S. wants to mine on the moon; Corcentric gets $80M in PE; Tipalti adds partners; Icertis CLM joins Workday suite; ’50/50′ video for The Hackett Group

The U.S. government is drafting a blueprint for international mining on Earth's moon to help space exploration. In other news, the source-to-pay provider Corcentric has received an $80 million investment for global expansion. Also, the payables automation platform Tipalti has announced a series of partnerships to enhance its small and midsize business operations. And, the enterprise CLM provider Icertis has achieved Workday Certified Integration status. For Spend Matters' "50/50" lists, analysts have done a series of video reviews for some vendors on our 2020 "50 Providers to Know" and "50 Providers to Watch" lists. Check out our video about The Hackett Group today. Afternoon Coffee brings you the latest in procurement and supply chain news.

Ivalua NOW 2020 (dispatch 2): La licorne française va directement pour la route moins fréquentée

The Ivalua NOW 2020 conference began today online because the coronavirus disruption canceled two other in-person events. During the event, Ivalua announced that it currently has at least nine major enhancements in the development queue, with (the beginnings of) seven major enhancements being planned for the next two releases. (It's OK, it's not all in French.)

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

FM Global Resilience Index

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 ... err ... enhanced customer success over the next two years.

Afternoon Coffee: Services sector contracts, NMI report says; Trade deficit rises, GDP falls; Coupa-ConnXus deal analyzed; ’50/50′ video for Suplari

ISM's April Report on Business shows a strong decrease in non-manufacturing activity, contracting since last month. In other economic news, the U.S. trade deficit expanded and the GDP fell, marking the biggest contraction for the economy since late 2008. In industry news, after Coupa's acquisition of ConnXus was announced Monday, Spend Matters' Nick Heinzmann analyzed why Coupa wanted to add the specialist in supplier diversity to its business spend management suite of solutions. For Spend Matters' "50/50" lists, analysts have done a series of video reviews for some vendors on our 2020 "50 Providers to Know" and "50 Providers to Watch" lists. Check out our video about Suplari today. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: ERP report forecasts $20 billion spend growth; Global container shipments drop 30%; ’50/50′ video for Simplify Workforce

The ERP Software Procurement Market Intelligence Report has forecasted over $20 billion in spend growth over the next several years. In other news related to the coronavirus disruption, global container shipments are expected to fall 30% in the next few months. Also, Amazon's fulfillment speeds have slowed, with $4 billion in operating costs accruing due to the coronavirus. For Spend Matters' "50/50" lists, analysts have done a series of video reviews for some vendors on our 2020 "50 Providers to Know" and "50 Providers to Watch" lists. Check out the video about Simplify Workforce today. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Some tariff payments delayed; Manufacturing hits 11-year low; DPW cancels Amsterdam event; ’50/50′ videos for APEX Analytix, Seal Software

A new rule from the U.S. Treasury Department and Customs Border Protection will allow some importers to delay tariff payments for 90 days. In other news, the PMI indicates that U.S. manufacturing has hit its lowest level since the Great Recession due to coronavirus disruptions. Also, Digital Procurement World has canceled their 2020 conference due to the coronavirus pandemic. And the second round of coronavirus stimulus funds come with extra federal scrutiny for banks, but its still unclear which applications have been approved. For Spend Matters' "50/50" lists, analysts have done a series of video reviews for some vendors on our 2020 "50 Providers to Know" and "50 Providers to Watch" lists. Check out videos about APEX Analytix and Seal Software today. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: U.S. focuses on supply chains as companies weigh relocating China operations; ’50/50′ video for Scout RFP

The U.S. has begun discussions with allies about restructuring global supply chains in the aftermath of the coronavirus pandemic. As many as 100 companies are looking to move their production to India from China. However, a new survey says that most companies will only relocate their supply chain as a last resort move. For Spend Matters' "50/50" lists, analysts have done a series of video reviews for some vendors on our 2020 "50 Providers to Know" and "50 Providers to Watch" lists. Check out the video about Scout RFP today. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Spend Matters debuts Vendor Analysis, will highlight top 100 providers in webinars, features ’50/50′ videos for Jaggaer and SAP, extends PRO discount offer

Sometimes, Spend Matters itself has some news to share, and today is one of those days. We're now using the name "Vendor Analysis" for our analysts' insights into solutions. Also, two analyst-led webinars being held tomorrow will shed light on our "50 to Know/50 to Watch" lists. Jaggaer and SAP are featured in today's "50/50" analyst videos, and our discount offer for a PRO subscription and services has been extended for another month to help with the coronavirus disruption. Click to read Afternoon Coffee, the in-house edition ...

Afternoon Coffee: Xeeva enhances platform; Celonis adds to AI-embedded platform; ’50/50′ videos for Icertis, Ivalua; Zoom taps Oracle for data surge

The indirect spend management provider Xeeva announced enhancements across its platform. For Spend Matters' "50/50" lists, analysts have done a series of video reviews for some vendors on our 2020 "50 Providers to Know" and "50 Providers to Watch" lists. Check out videos about Icertis and Ivalua today. In other news, Celonis has launched a new version of its AI-powered process mining software. Also, Cleo and C&A Technology have announced a partnership to enhance JDE and SAP integration. Additionally, Zoom has partnered with Oracle to help handle the surge in data during the coronavirus crisis. Afternoon Coffee brings you the latest in procurement and supply chain news.

Afternoon Coffee: Legal platform Bodhala raises $10 million; ’50/50′ videos for EcoVadis, GEP; Amid crisis, budgets adjusted for software spend, survey shows

category management

The legal spend analysis platform Bodhala has secured a $10 million investment to fund product expansion and marketing for its digital outside counsel services procurement platform. For our "50/50" lists, analysts have done a series of video reviews for some vendors on our 2020 "50 Providers to Know" and "50 Providers to Watch" lists. Check out videos about EcoVadis and GEP today. In other news, a survey reports nearly half of small businesses plan to cut software budgets, but that's not the full picture of software budgets and plans during the coronavirus disruption. Also, e-commerce supply chains are being forced to rethink how to be efficient amid growing demand and reduced production. And, GE's power business is in trouble as U.S. utilities using GE generators halt or defer maintenance. Afternoon Coffee brings you the latest in procurement and supply chain news.