Technology Content

Predictive Procurement Gets Real

Spend Matters welcomes this guest post from Dr. Marcell Vollmer, chief digital officer at SAP Ariba.

The physical and digital worlds have officially collided. In the old days, we’d get the morning paper delivered to our doorsteps and read it on the way to work while drinking the coffee we made upon waking up. Today, the news we care about is automatically delivered to our mobile devices and we scan it while enjoying the beverage that we ordered via mobile app to have ready and waiting for us when we arrive. We used to attend events after work to expand our professional networks. Now we link to our peers — and their peers — around the world online in real time.

Tradeshift to Acquire IBX Business Network from Capgemini

Tradeshift Baiwang

Tradeshift announced Wednesday it had acquired acquired IBX Business Network from Capgemini. Spend Matters believes the transaction is, by a significant margin, Tradeshift’s most important acquisition to date. And from the “seller” side of the deal, Capgemini suggests that the transaction represents, from a corporate development perspective, more than just the divestiture of a business unit. Spend Matters will be speaking with Tradeshift later today and will provide additional information and analysis on the transaction later this week. We are particularly keen to understand how Tradeshift plans to rationalize the proven e-procurement capability within IBX with what it is in the early stages of rolling out to customers in 2017.

2017 Prediction of the Moment: How Big Blockchain Will Be in Sourcing and Supplier Management

blockchain

It’s no secret that the Spend Matters team has been geekily excited about the procurement implications of blockchain for years — seemingly right on the heels of the Dark Web, TOR and Silk Road becoming a thing. What is far more important to the world of procurement — and for that matter, the world of broader supply chains and global trade — is that blockchain brings the potential to become as important to our technology lives as the spreadsheet, ERP/MRP systems and source-to-pay technology suites that we use everyday, as Spend Matters Founder Jason Busch puts it.

Social Media and Procurement: Where We’ve Been and Where We Are Now

social

As we’ve seen and reported on Spend Matters over the past year, interest in easier-to-use, more efficient and organic B2B social collaboration platforms seems to be steadily growing. Once viewed as yet another source of risk, social media platforms, both external- and internal-facing ones, have finally proven they can help procurement folks do their jobs better.

Digital Transformation of Procurement: Lessons From The Hackett Group & Ivalua

digital

The Hackett Group and Ivalua presented a webinar this month on this year’s key procurement issues, and digital transformation stood out perhaps most of all. What does digital transformation really involve, and how can procurement get on board? The presenters explained that there are four main areas to look at, with the overarching one being improving the stakeholder experience.

ICYMI: 2017 Contingent Workforce Tech Trends and Their Impact on Procurement

digital business transformation

On Wednesday, Spend Matters Founder Jason Busch and Research Director of Services and Labor Procurement Andrew Karpie co-presented on a webinar, Contingent Workforce and Services (CW/S) Procurement: 2017 Tech Trends and Their Impact on You. In case you missed it (though you can still watch a recording of the webinar on demand), here are some of the biggest takeaways from Wednesday’s webinar.

IQNavigator + Beeline’s Doug Leeby Answers Burning Questions on Product Roadmap, SAP Fieldglass and More

road

In Part 1 of this Q&A, IQNavigator + Beeline CEO Doug Leeby discussed customer and partner reactions to the recent merger and how he views the future of the VMS market. Today in Part 2, we ask Leeby about specifics of the combined product roadmap and what differentiates the firm he leads from SAP Fieldglass.

New Research: Bridging the Contract Lifecycle Management Technology Gap

Contract lifecycle management (CLM) has its fair share of technology dedicated to it, but unfortunately not all of it addresses the comprehensive set of issues facing procurement professionals. In fact, much of the technology focuses too much on the contract while neglecting the lifecycle management aspect. In response, Spend Matters and SirionLabs have teamed up for Where Contract Lifecycle Management Technology Approaches Come up Short and How to Fix Them. This complimentary research brief is now available for download, and it provides a reimagining of CLM technology to drive engagement and value in your commercial relationships.

IQNavigator + Beeline Update: Doug Leeby Discusses Merger Reactions, Vision for Combined Organization

Tradeshift Baiwang

In December 2016, the announced merger of IQNavigator and Beeline rocked the contingent workforce and services market. As the shape of the new firm takes form, Spend Matters caught up with Doug Leeby, CEO of IQNavigator + Beeline, to learn how customers have reacted, how partners are dealing the emergence of a “Big 2” and what he sees as the future of the VMS market. Stay tuned for Part 2 of this interview, in which Leeby provides an update on the combined product roadmap and competitive landscape.

Emerging Procurement Platform Trends and Technologies: Webinar Tomorrow



Is your procurement function using a platform-inspired approach to transcend savings from simply spend management? If not, then now might be the time. Join Pierre Mitchell and Julien Nadaud, chief product officer at Determine, tomorrow at 10 a.m. CST for Designing the Procurement Virtual Factory — Reinventing Procurement Through a Platform. Pierre and Julien will focus on the digital requirements to support new procurement and spend approaches, as well as how technology firms are trying to cope in a brave new world.

Digital Technology and Contingent Workforce & Services: What You Need to Know

The CW/S world is rapidly changing as new and truly disruptive technologies emerge and as the employer-employee relationship evolves. How will this affect the average procurement practitioner? That is the topic to be covered on a webinar tomorrow (Wednesday, Feb. 22, at 12:30 p.m. CST), titled Contingent Workforce and Services (CW/S) Procurement: 2017 Tech Trends and Their Impact on You. We encourage our readers to tune in as Karpie and Spend Matters Founder Jason Busch break down CW/S technology trends and where they’re taking root.

Rethinking Sourcing Suites and Their Sub Components — Gartner’s 2017 Magic Quadrant

Gartner recently came out with their 2017 Magic Quadrant for Strategic Sourcing Application Suite review. There was material movement from this year’s quadrant compared to the previous one that was published two years ago, and in this post we offer our commentary on it.

Without question, Gartner has some of the best minds in the technology research sector. But given the pace of technology providers’ innovation, our perspective is that the notion of publishing a report every two years is not terribly useful outside of the point-in-time snapshot — which may in fact be six months old by the time a report is published — that a comparative analysis provides. In the end, for better or worse, the Magic Quadrant becomes ubiquitous with IT professionals to shortlist vendors (and sometimes more) and often a CYA for procurement.