Plus Content

The Contingent Workforce and Services (CW/S) Insider’s Hot List: May 2019 [Plus+]

Welcome to the May 2019 edition of Spend Matters Insider’s Hot List, a monthly look at the contingent workforce and services (CW/S) space that’s available to PLUS and PRO subscribers. For those new to the Hot List, each edition covers the prior month’s important or interesting technology and innovation developments in the CW/S space. The latest edition looks at Uber's IPO, Shiftgig news, Moonlighting's blockchain news, Visa's move into fintech for fast payments, and Ernst & Young acquiring a UK-based alternative legal services provider (ALSP).

E-Invoicing: How To Diagnose if Your Deployment and Solution is World-Class [Plus+]

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As our journey to world-class e-invoicing continues in this multi-part Spend Matters Plus research brief, we discuss five additional elements to diagnose the overall scope, capability and coverage of your e-invoicing deployment — and whether or not your solution provider(s) can enable you to get to world-class levels of performance. If you want to catch up on this series, we encourage you to learn about all the components of the first five elements (invoice capture, collaboration/workflow, matching, compliance/validations and mobile enablement) and a broader introduction to the topic in first installment of this series. Finally, we invite Spend Matters practitioner and consulting advisory clients to reach out to us to discuss their existing and planned deployments. E-invoicing is far more complex a solution area to analyze than e-procurement, in large part because solution capabilities and organizational requirements show so much variation compared with each other.

E-Invoicing: What it Takes to Get to World Class [Plus+]

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In this Spend Matters Plus series, we explore what makes run-of-the-mill electronic invoicing (e-invoicing) implementations different from those that are transformative and capable of aligning procurement and accounts payable (A/P) with broader business outcomes and metrics. In this analysis, we delve into topics that are important for procurement and A/P teams to discuss with their solution providers — and prospective providers — to enable a world-class e-invoicing deployment on their terms.

As part of this research brief, we first consider the corporate and public perspective on initiatives (aimed at the private sector), both of which involve differing goals, albeit with the need of the individual company deploying capabilities to keep in mind various sets of requirements regardless. In part, depending on jurisdiction, this dual “master” requirement — the business and government — is something that makes e-invoicing quite unique in the area of procurement technology. Next, we include a list of 10 key elements to diagnose the quality of an e-invoicing deployment and how providers stack up, as well as key e-invoicing questions to evaluate your performance and implementation, trends and value-add services that select e-invoicing providers are addressing. Finally, we provide an e-invoicing architecture framework to construct, deploy and manage a set of enabling capabilities based on your specific requirements.

The Contingent Workforce and Services (CW/S) Insider’s Hot List: April 2019 [Plus+]

Welcome to the April 2019 edition of Spend Matters Insider’s Hot List, a monthly look at the contingent workforce and services (CW/S) space that’s available to PLUS and PRO subscribers. For those new to the Hot List, each edition covers the prior month’s important or interesting technology and innovation developments in the CW/S space.

In March, a warming trend continued throughout the industry — and particularly in the work intermediation platform space, with new M&A, innovation and solutions appearing and one major player not paying attention and stepping in something (I hate when that happens). Read about Contently, Figure Eight, Freelancer.com, Topcoder and more.

E-Catalogs: The ‘Fifth Element’ of Procurement [Plus+]

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E-catalogs are still a key part of any e-procurement solution and e-marketplace. However, they are no longer simply a tool to load the prices and features of products and services for approval and then integrate into an e-marketplace to purchase against it. Today, e-catalogs are becoming an intelligent and integrated source of information that enable nearly all purchasing scenarios, with the support of a robust e-marketplace where requesters can search between e-catalogs (including punchouts or any other e-commerce site) — all while in compliance with the organization's business rules and standards.

The Contingent Workforce and Services (CW/S) Insider’s Hot List: March 2019 [Plus+]

Welcome to the March 2019 edition of Spend Matters’ Insiders’ Hot List, a monthly look at the contingent workforce and services (CW/S) space that’s available to PLUS and PRO subscribers. For those new to the Hot List, each edition covers the prior month’s important or interesting technology and innovation developments in the CW/S space. In February, the CW/S space continued to simmer, so for this edition we’ve taken a taste of what’s cookin’ in the kitchen — M&A, millions in funding raised and organizational developments.

Turbocharging E-invoicing Through the Supplier Network Value Proposition [Plus+]

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As we discussed in the first part of this e-invoicing research brief, there are many more goals of automating the invoicing (and invoice receiving) process than simply driving process efficiency. Indeed, advanced e-invoicing deployments now go far beyond the plumbing required to automate the issuance, workflow and approval of an invoice in a streamlined manner with as few accounts payable touch points as necessary (not to mention providing suppliers with greater visibility throughout the process). Today, supplier networks have emerged to extend the value proposition of basic e-invoicing to a number of new areas, including the better management of working capital (and much more). In the second part of this series, we discuss how supplier networks are extending the e-invoicing value proposition, advanced scenarios that e-invoicing and network providers are starting to enable today and who some of the key vendors in the space are, including specialists, suite providers and regional solutions.

How E-Invoicing Extended Procurement’s Influence with Accounts Payable [Plus+]

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Editor's note: This is a refresh of our 2016 series on e-invoicing's influence on procurement-accounts payable relationships, which originally ran on Spend Matters PRO.

In this Spend Matters Plus research brief, we examine how procurement, through the use of technology, has extended its range of influence from its own processes to accounts payables and made electronic invoicing and supplier connectivity instrumental in the outcome of what we now call procure to pay (P2P). We also discuss the evolution of the purchasing function up to the integration of e-invoicing, the value proposition of e-invoicing, its challenges, what we see coming in the e-invoicing market and, finally, who some of the solution players are within the space.

The Contingent Workforce and Services (CW/S) Insider’s Hot List: February 2019 [Plus+]

Welcome to the February 2019 edition of Spend Matters’ monthly Hot List, a look at the contingent workforce and services (CW/S) that’s available to PLUS and PRO subscribers. For those new to the Hot List, each edition covers the prior month’s important or interesting technology and innovation developments in the CW/S space.

Perhaps overcome by the polar vortex, for many, January turned out to have been a frigid month. But the CW/S space continued to percolate, with a number of developments and changes and a few new third-party reports that offered insights into various aspects of this evolving space.

Exploring ‘Total Cost’ as a Productivity KPI for the P2P Process [Plus+]

Total cost of ownership of the procure-to-pay process is not simply about measuring the costs associated with acquiring a P2P platform, it’s about tracking all P2P processes and managing them as a business key performance indicator. Managed well, the TCO P2P KPI can positively impact the bottom line of any business. Many organizations think that when acquiring a P2P platform, a firm business case needs to be constructed based on the total cost of the platform and high-level benefits that are reasonably achievable. But there’s actually a more effective way to think about the cost and returns of P2P technology. In this Spend Matters Plus brief, we explore this new way of measuring P2P returns and cost through a modified TCO approach.

Supply Risk Management in Mexico: Tips and Analysis For Multinational Procurement Organizations [Plus+]

Editor's note: This is a refresh of our 2015 briefing on supply risk management, which originally ran on Spend Matters PRO.

Supply risk management continues to be an important topic of not just debate but practice, too, within global procurement organizations. And on a more frequent basis, supply risk management efforts are extending “south of the border” for North American companies, as manufacturers continue to emphasize a more prominent role for Mexico and Mexican suppliers in their global supply chains. In this Spend Matters Plus analysis, we explore how Mexican companies are managing supply chain risk. We also share survey results from a study in the region and provide tips and lessons learned for multinational procurement organizations that are increasingly sourcing and manufacturing in the region as well as general supply chain risk management best practices.

Best Practices for Your P2P Implementation Project And How to Keep it From Becoming a Nightmare [Plus+]

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Editor's note: This is a refresh of our 2015 series on running a successful P2P implementation, which originally ran on Spend Matters PRO. Read Part 1 here.

In the Spend Matters webinar “Nightmare on Procurement Street,” we discuss how to successfully implement a procure-to-pay solution (P2P) and avoid the process from turning into a terrible experience. This 2-part Spend Matters Plus series lays out what tips we suggested for procurement organizations embarking on a P2P project. This is not meant to be an all-inclusive, step-by-step implementation guide, however. We simply want to share our best practice ideas based on our experience and our discussion in the webinar. Today, we will focus specifically on project management as a procurement responsibility, as well as ensuring finance and accounts payable (A/P) are included in the P2P implementation project. Other areas we will cover are remembering the importance of supplier integration, system testing and user training in the P2P process.