In Case You Missed It … P2P Market Roundup

We can't comment on every press release that hits our desks, but here are a few market news stories this week that we thought we should bring to your attention, and some of our own you may have missed - we'll have more from our analysts in the coming days  ...

50 To Know and 50 To Watch Launched

Spend Matters recently launched its celebrated ‘50 Providers To Watch’ and ‘50 Providers To Know’ lists. Every now and again a provider makes the leap from ‘to watch’ to ‘to know.’ That leap signals they are not only bringing innovation into procurement but leading the way in how we do business for the better. We mentioned Sovos last week; today it’s all about Apex Analytix.
How APEX Analytix is Helping Transform Supplier Management

4C Associates Launches Savings Accelerator

Last year European procurement consultancy, 4C Associates, soft launched a new service to help improve SMEs’ profitability. 4C Savings Accelerator is now fully launched as a low-resource high-return service that is designed to deliver value faster than traditional procurement approaches. Aimed at SMEs for whom external procurement services have often be seen as not appropriate for their situation, or at those whose procurement teams might still be growing or lacking capacity, it offers a lighter-touch resource with low risk. We’ll have more on this in the coming weeks.

CRO 2 CRO – Video Series

Spend Matters has launched a new video mini-series which sees two eminent chief research officers discussing digital procurement transformation and the state of procurement overall. Our chief research officer Pierre Mitchell sits down with former colleague Michel Janssen, chief research guru of Everest Group, to drill down into “the who, the what and the how” of the latest procurement trends. See Episode One here - How Digital Transformation is Disrupting Investment Priorities.

Late Payments Report – Comment on Smaller Suppliers

Lloyds Banking Group plc, in partnership with the Small Business Commissioner, has released an analysis of official payment reporting returns, based on the annual reports of large businesses. Paul Christensen, CEO of Previse, commented: “While it’s good to get a little transparency around payment times, this research treats all suppliers alike. It doesn’t show the very different fortunes of small suppliers compared to big suppliers. Previse’s research of over 4,000 suppliers shows that on average, the smallest suppliers have to wait two months longer to get paid than the largest … This isn’t good enough. We need to realise that small suppliers don’t have the same bargaining power as their larger counterparts, nor the same access to early payment options like supply chain finance. We need solutions specifically targeted towards smaller suppliers, who need help the most.”

KDS Neo T&E Enhancements

Business travel & expense technology provider, KDS, has announced updates that further optimise and simplify its unified travel and expense software, Neo, based on extensive usage analytics and new machine learning capabilities. Enhancements include upgraded Optical Character Recognition (OCR) that is now available on desktop as well as mobile; machine learning to advance its smart receipt capture capabilities, specifically for multi-country support; OCR allows users to automatically update digital expense reports from a simple photo of their receipt. Read more here.

Tradeshift Innovation Summit: A Few Takeaways

Last week Spend Matters analyst Michael Lamoureux attended Tradeshift's new Innovation series in London. It was  an afternoon intended to test the waters to the receptiveness of both the format and the location. Here he discusses the platform, Procurement 3.0 and the future of procurement! 

And Finally:

HAPPY EASTER HOLIDAYS TO ALL OUR CELEBRATING READERS

 

 

First Voice

  1. John Cardilio:

    David Tyler, former Chairman of Sainsbury’s and member of Previse’s Advisory Board, argues that if retailers do not make significant progress on improving supplier payments, they risk a harsher regulatory environment.

    QUESTION – when the board are in legal dispute with the shareholders and the founders are issuing legal action against each other including gross miss conduct what is the likely outcome!

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