Author Archives: Nancy Clinton



Amazon Business Exchange: ‘Digital-First’ – Interact with Amazon Business and its customers in a free-to-attend event

Next month, October 6-7, sees the return of Amazon Business Exchange (ABX) — a free-to-attend event for procurement, finance and supply chain leaders. This on-line event will bring together a community of B2B buyers from procurement and the supply chain, and representatives from industry, to connect and collaborate and to share the experiences and learnings that heads of procurement and finance from some of largest organizations across Europe are experiencing right now. Two morning sessions will address the business buying challenges that leaders are facing and will have to face up to in the coming months.

How can Procurement best align with Finance right now? A CFO perspective

finance

Right now, as the COVID-19 pandemic takes its toll on jobs, consumer spending and the global economy, many businesses are scrambling to adjust to a new financial reality. They are also coming to terms with the fact that the path to recovery remains long, and mostly uncertain. Experts, including Deloitte, predict the U.S. economy won’t bounce back until the middle of 2021. And the Bank of England is anticipating slower recovery, as late as the end of that year, for the UK.

Within organizations, the CFO’s voice is one of the most critical during a crisis, but contributing directly to the firm’s financial resilience is the CPO, who has a strategic role in leading the business through the tough times ahead.

We spoke recently with one CFO who has many years of experience across corporate finance and public accounting and is now CFO of spend management firm Jaggaer. We asked Jeff Laborde how he sees Procurement and Finance best working together to drive benefits across the business, given their natural overlap in priorities and responsibilities.

The $1 trillion world of the B2B payments market, and what it means for procurement

If you are one of the many procurement people who find the world of B2B payments a bit of a mystery, worry not, for our payments specialists at Spend Matters are holding webinar discussions to clarify just how this space relates to procurement and to answer all your questions. One session will be held for North America and another for Europe. Register here.

Supplier management — the need to implement at speed in times of crisis

Spend Matters in the U.S. and in Europe has amassed a whole spectrum of insight through our Coronavirus Response series to bring you a set of go-to places for specific guidance and advice during this time of crisis. One key area is supplier information and performance management (SXM). To that, we recently joined a webinar-based conversation with State of Flux, who, as experts in the field, are working with firms around the globe to help them build business resilience toward supplier risk exposure. The webinar offers seven areas of risk to consider, and CEO Alan Day says procurement pros need to act while the spotlight is on procurement and supply chains. "Because of COVID-19," he said, "we now have the focus and attention from the executives, so the time is now to implement or improve supplier management at speed.”

Coupa’s new CPO — his first few weeks in the seat

Spend Matters' London office spent some time (virtually) last week talking with Coupa’s new CPO, Michael van Keulen, as he joins the business spend management giant at a pivotal time for procurement. He talked to us about his background in finance, his transition to procurement and what he expects his first steps will be as he steers procurement at Coupa through the uncharted waters of the months, and years, ahead.

“One thing I have learned is that many companies still struggle to understand where their spend lies, and where their valuable resources are being spent,” he tells Spend Matters Europe.