8 Quantifiable Levers Where Invoice-to-Pay Solutions Deliver ROI — Beyond Accounts Payable (Part 1) [PRO]

finance

Invoice-to-pay (I2P) solutions exist to serve the broader business, not just accounts payable functions. Spend Matters defines the I2P area as a combination of electronic invoicing (e-invoicing) and e- payments, which may leverage a supplier network model for connectivity and value-added capabilities. I2P solutions not only reduce paper-based processes and increase efficiency (e.g., reduce cash disbursement costs per FTE) but also serve as a foundation for enabling finance organization improvements generally (e.g., by reducing late payments, optimized working capital and [...]

David Atkinson On SRM – A Personal Journey on LinkedIn (Also at eWorld)

Regular readers will know of David Atkinson’s expertise in supplier relationship management (SRM) in particular. He’s written many articles for us over the years, (like […]

Futurist Rohit Talwar on AI and the Next Frontiers of Business

There has obviously been a lot of careful thought and preparation gone into the structure of this year’s Basware Connect conference. Basware, who provide enterprise […]

Cervest – Crop Forecasting Using AI For The Greater Good

A few weeks ago, I met up with Peter Wortsman, who is Chief Commercial Officer of Cervest, a genuinely interesting and unique new business, which […]

Apttus Acquired by Thoma Bravo: Can a One-Time Sell-Side ‘Unicorn’ Become a Viable Pony for Buy-Side CLM? [PRO]

Apttus announced recently that it would be acquired by private equity firm Thoma Bravo. Calling itself a leader  in the “middle office,” Apttus offers a platform primarily focused in the area of configure, price, quote (CPQ), but it also supports enterprise contract lifecycle management (CLM). The terms of the acquisition were undisclosed, but given the majority stake being acquired, the deal is likely worth many hundreds of millions of dollars, given that Apttus had roughly $200 million in revenue for [...]

Building the Business Case for Supply Chain Risk Management

Our webinar on October 9th is going to tackle a dilemma faced by many procurement executives and functions. To put it in context, we’ve probably […]

No, Minister – Be Careful About Supplier Bias, Even If The Tech Is Good For The NHS

The appointment of Matt Hancock as the UK's  top Health Minister a few months back followed the upheaval around Boris Johnson and other Brexiteers leaving […]

AdaptOne: Vendor Snapshot (Part 2) — Product Strengths and Weaknesses [PRO]

supplier network

As a standalone component of procurement, supplier management is not new. Nor is the technology to enable it. But most procurement organizations still only have sourcing or e-procurement technology (at best) with capabilities that offer targeted supplier support for larger vendors. From a supplier management standpoint, the majority of firms still pay little attention to the long tail of hundreds, thousands or even tens of thousands of suppliers that they do business with. One of the key promises of supplier [...]

Sammy Rashed – Twelve Steps to a Fulfilling Career

I’ve always struggled a little to give career advice to anyone, given that my career, in truth, has been pretty random in nature. That was […]

Public Spend Forum – Public Procurement Highlights from this Week

Public Spend Forum (PSF) is a public sector procurement global community and market intelligence platform dedicated to improving public procurement and the public sector market. […]

Are Your Procurement KPIs Balanced or Obsolete? [Plus +]

As our Spend Matters Plus analysis of procurement key performance indicators (KPIs) continues, we will turn our attention to additional metrics by which you can measure procurement performance including supply base development and spend under management. We will also examine how to discover if organizational procurement KPIs are off balance, favoring one area over another or the strategic over the tactical, or if they’re just right. This analysis builds on a prior chapter of this research brief that provides an [...]

Down the Procurement Pub with the NHS, Amazon, Blockchain and Welshly Arms

Not much pubbing this week but I'm back in the north-east now, and this is my cousin Kathryn's pub, the Lambton Arms in Sherburn village. […]