Procurement News from the US – Weekly Round-Up

Coupa made a big announcement!

Coupa Adds $22 million to War Chest, Shares Strategic Direction (Part 1) -- Earlier today, Coupa (the fastest growing eProcurement software provider in net new customer wins by our calculations, including Ariba, SAP, Oracle and others), announced that it had raised $22 million in its latest round of financing. According to the announcement, the Series E financing round was "led by new investor Crosslink Capital with existing investors Battery Ventures, BlueRun Ventures, El Dorado Ventures and Mohr Davidow Ventures also participating." While terms of the round were not disclosed, "the latest valuation was a very significant multiple of previous rounds," according to the announcement. (Also check out: Three Takeaways Coupa’s Funding Round Signals to the Market)

Jason spent the first part of the week at ISM in Baltimore.

ISM Speaks More Than “Baltimorese” in the Inner Harbor (Dispatch 1) -- I'm headed down to ISM today, along with my colleagues Thomas Kase and Lisa Reisman. Thomas and I have no speaking duties this year (which feels like vacation) and have intentionally left ourselves unbooked. This will allow us to wander around the presentations and "walk the hall" talking to new and old faces alike. Lisa is speaking on Wednesday. The title of her session is "Minimizing Commodity Risk: Practical Hedging and Non-hedging Strategies for Volatile Commodity Spend". This year, ISM takes place in Baltimore, a city that even people like me from Philadelphia tend to look down upon (hard to believe, I know). (He was also impressed by some academic scrutiny of supply risk: here and here).

Multilingual capability in SIM -- necessary or overrated??

Supplier Management Fundamentals -- Do You Really Need Multilingual Capability? (Part 1) -- We think that multilingual capability is often overrated when it comes to SIM (especially from a supplier perspective). Our experience and research suggests that it is usually not important for the majority of SIM deployments. Still, in the case of global rollouts and for organizations desiring truly best-in-class capabilities -- for whatever reason -- multilingual support can be important. But these rollouts comprise only a minority in the field today. Relative to sourcing, P2P and other areas (especially when they are/will be used globally) pragmatic globalization of supplier management often involves more around the types of qualification questions and data that needs to be managed rather than simply localizing for language. (Part 2 here)

Rearden digs into predictive analytics.

Big Data Meets Travel and P2P: Rearden/Deem Mine For Insight to Improve Shopping and Buying -- A few weeks ago, Richard Lee and I caught up with the analytics team behind Rearden Commerce/Deem's travel solution and platform. On the call, we dug into ways that Rearden is beginning to inject a new set of useful predictive analytics into the business travel area. Their approach incorporates the level of quantitative and correlation analysis of historical data (both personal and publicly available) that makes even a CMU graduate's head spin (Richard's b-school alma matter). Among other dataset combinations/mash-ups layered with predictive analytics on top, Rearden is leveraging Bureau of Transportation statistics covering 67 million flights in the past decade and using this information as a foundation to deliver personalized travel analytics to assist with decisions at the point of booking and travel.

Finally, the members of the US’s “Today” show attempted to learn to row with Princeton yesterday morning. They were (self-admittedly!) terrible, which I found amusing.

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