Spend Matters

DECEMBER 21, 2023

The era of intelligent procurement We expect 2024 to be the year of intelligent procurement, driven by AI, automation and data analytics. For example, in spend analysis, GenAI offers superior data normalization, savings opportunity detection, forecasting and natural language querying that makes deriving insights effortless.

Procurement solutions 83

Procurement solutions Procurement e2e Real-time Visibility 83

Spend Matters

OCTOBER 19, 2023

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. As the name implies, its founders’ vision is to literally “de-silo” organizations so they can realize the value in their existing data. Today please get to know dSilo.

e2e 97

e2e Contract Contract management Procurement 97

Pipefy

MAY 23, 2023

Carrying out this process manually makes it susceptible to bottlenecks — (one out-of-office manager can delay the order by days — and introduces costly errors and risks. By plugging your approval hierarchy data into a customizable workflow, however, your form can circulate while you move to your next task.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

Such analysis and decision-making are often optimized with the help of various technologies, including artificial intelligence tools and data analytics platforms. Technology that streamlines and automates transactions and contract management can significantly reduce these errors and expedite sourcing processes.

Strategic sourcing 84

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 84

IBM Supply Chain Blog

DECEMBER 13, 2023

Tasks such as vendor selection criteria, contract management and compliance initiatives should be clearly defined. Additional procurement software includes spend analytics tools and supplier relationship management (SRM) software. This is a good time to review current processes and adjust them to suit the new approach.

Procurement strategies 70

Procurement strategies Strategy Procurement Supply Chain Efficiency 70

Empowering CPO

JULY 16, 2023

This is where managed procurement services come into the picture. Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Supply Chain Game Changer

OCTOBER 28, 2021

Lack of Visibility Beyond Tier 1. According to the 2021 Deloitte Chief Procurement Officer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. And, only 15% had visibility into tier 2 or beyond. Dirty Little Secret #1. Dirty Little Secret #2–4.

supply chain budgeting 89

supply chain budgeting Procurement Supply Chain Efficiency e2e 89

Empowering CPO

JULY 16, 2023

This is where managed procurement services come into the picture. Managed procurement services can be defined as an external service that helps streamline a company’s acquisition processes, offering an end-to-end solution that takes into account all aspects of procurement – from sourcing to payment.

Supply Chain Efficiency 40

Supply Chain Efficiency Management Procurement Supply Chain Optimization 40

Procurement Software

JUNE 20, 2023

The contract management software market is hot right now. Organisations seem to have finally realised that they’ve suffered from having a “desk drawer” approach to contracts. Being able to manage your contracts in one place, author them, approve them and sign them is a massive productivity boost.

Contract management 52

Contract management Contract e2e Management 52

Procurement Software

JULY 25, 2023

Plus, we can also perform the entire end-to-end research, due diligence and hold your hand during the sourcing process for your procurement software. You may be thinking “I want my team to be free of admin work”, or “I want better supplier and spend data”. What is the cost of poor data? Speak their language.

Procurement 52

Procurement Budget Data Suppliers 52

Pipefy

JANUARY 31, 2023

This complexity creates headaches for procurement teams and fuels an error-prone and resource-consuming approval loop that obstructs visibility into the approval process. For example, when the purchase request is for a pre-approved vendor, a pre-approved list of items, or falls beneath a specified cost threshold.

Purchasing 52

Purchasing Purchase orders Real-time Visibility e2e 52

ivalua

MARCH 9, 2023

Similar to how CRM manages everything around the customer, an S2P platform manages everything around the supplier. ​ The Source-to-Pay process itself is quite broad but it covers most if not all the aspects of a procurement organization, at least from a process and technology perspective.

Sourcing 130

Sourcing Real-time Visibility e2e supply chain software solutions 130

Pipefy

JANUARY 30, 2024

In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. Teams will need to rely on greater investments in the right tools and technology to make these optimizations, from no-code automation to AI and data analytics.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Procurement Real-time Visibility Supply Chain Efficiency 52

Procurement Tactics

OCTOBER 18, 2022

Additionally, it helps companies to streamline supplier selection, supplier onboarding, supplier performance assessment, supplier document management, and other important supplier-related processes. It provides supplier relationship management tools that are designed to make the source-to-pay workflow easy. ProcureWare.

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

ivalua

MAY 15, 2022

They’re also ramping up usage in contract management. . To address their gaps, Amrest is building an end-to-end procurement process that covers all of their businesses and each unique challenge these operations face. One View to Connect Procurement and Finance: Addressing the Visibility Gap and the Liquidity Gap.

e2e 130

e2e Procurement supply chain budgeting Purchasing 130

ivalua

MAY 15, 2022

They’re also ramping up usage in contract management. . To address their gaps, Amrest is building an end-to-end procurement process that covers all of their businesses and each unique challenge these operations face. One View to Connect Procurement and Finance: Addressing the Visibility Gap and the Liquidity Gap.

e2e 130

e2e Procurement supply chain budgeting Purchasing 130

ivalua

APRIL 6, 2021

A Guide to Contract Management Tools and Processes including a guide to the key steps of the Contract Lifecycle Management Process and to the benefits that using Contract Management software can bring to your Procurement processes. An Overview of Contract Lifecycle Management.

Contract 130

Contract Management Contract management e2e 130

Spend Matters

FEBRUARY 22, 2024

A significant difference of a unified system that provides third-party alignment is the real-time end-to-end visibility it provides to allow for more effective risk monitoring. Integrated AI is improving data collection, analysis, application and overall transparency.

Supply Chain Efficiency 87

Supply Chain Efficiency Real-time Visibility Management supply chain software solutions 87

Jaggaer

JULY 7, 2020

Over time, this engagement has expanded globally and is still focused on one of the most testing categories of sourcing and contract management within procurement: transport and logistics. In 2019 the company decided to embark on a project to implement global dashboards for sourcing and contracting events.

Real-time Visibility 52

Real-time Visibility e2e Contract Contract management 52

IBM Supply Chain Blog

APRIL 4, 2024

And while enterprise resource planning (ERP) integrates and manages all aspects of a business, BPM focuses on its individual functions—optimizing the organization’s existing, repeatable processes end-to-end. BPM can also provide real-time visibility into claim status and performance metrics.

Real-time Visibility 58

Real-time Visibility Management e2e Supply Chain Efficiency 58

Procurement Software

FEBRUARY 6, 2024

The 10 Hottest Nordic-based Procurement Tech Startups Before we give you the list, we should briefly touch on what we’ve defined as a “Startup” Less than 50 employees, according to data available on LinkedIn. This enables more deeper searches with all data points in our base being searchable.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Negotiation 52

Procurement Software

MAY 16, 2023

The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making. The module also includes features such as contract management, invoice processing, and payment processing. They are not an end-to-end procurement software suite.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Pipefy

NOVEMBER 24, 2023

This process grants transparency and visibility into purchase orders and approvals to a sometimes surprising degree. These tools are classified according to the procurement functions they perform, including contract management, informing, ordering, sourcing, and tendering. What are e-procurement tools?

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

Pipefy

JANUARY 31, 2023

Procurement risks occur wherever visibility and control are limited. In addition to time and resources wasted through inefficient workflows, mistakes, and duplicate data entry, an unoptimized P2P process can cost the business in terms of late payment penalties, missed discount opportunities, and its reputation as a reliable buyer.

Risk 52

Risk Procurement e2e Purchase orders 52

Procurement Software

MARCH 5, 2024

The 25 Hottest American Procurement Tech Startups Before we give you the list, we should briefly touch on what we’ve defined as a “Startup” Less than 50 employees, according to data on LinkedIn. Key Data: Founder / CEO: Anders Lillevik Date Founded: 2020 Visit Focal Point profile in our Software Finder 2.

Real-time Visibility 52

Real-time Visibility supply chain software solutions Procurement Supply Chain Efficiency 52

Pipefy

JANUARY 9, 2024

Smart procurement leverages data to reduce risks across all procurement processes and identify opportunities for long-term and continuous forecasting and optimizations. Artificial intelligence plays an important role in the popularization of smart procurement for its ability to track and analyze data faster than ever before.

Supply Chain Efficiency 52

Supply Chain Efficiency Agile and Lean Supply Chain Procurement Supply Chain Optimization 52

Pipefy

JUNE 15, 2023

This end-to-end system’s built-in collaboration and data analysis tools eliminate process friction commonly created by manual or disjointed workflows. Payment is typically based on factors like usage time, data stored, number of users, and number of transactions processed.

Procurement 52

Procurement supply chain software solutions Purchase orders Procurement solutions 52

Procurement Software

FEBRUARY 20, 2024

25 hottest European procurement startups to watch Before we give you the list, we should briefly touch on what we’ve defined as a “Startup” Less than 50 employees, according to data on LinkedIn. Founded in 2016, the company is led by two experienced procurement and management experts.

Supply Chain Efficiency 59

Supply Chain Efficiency supply chain software solutions Procurement Real-time Visibility 59

Empowering CPO

JUNE 25, 2023

Spend analysis is a process that involves collecting, cleansing, classifying, and analyzing expenditure data with the purpose of reducing procurement costs, improving efficiency, and monitoring compliance. Finally, businesses grapple with the challenge of data management.

Procurement 52

Procurement supply chain budgeting Real-time Visibility Supply Chain Efficiency 52

Spend Matters

JUNE 19, 2023

Data Modeling The ability to build more sophisticated analyses on cost drivers, demand, contracts, working capital, risk, supply chain and overall procurement performance while maintaining data that is flexible and rich enough to fully support this type of spend analytics.

Real-time Visibility 79

Real-time Visibility Data e2e Quality 79

Procurement Software

JANUARY 23, 2024

The 10 Hottest Germany-based Procurement Tech Startups Before we give you the list, we should briefly touch on what we’ve defined as a “Startup” Less than 50 employees, according to data on LinkedIn. Inhubber Inhubber is a contract management and digital signature platform powered by blockchain and AI.

Procurement 52

Procurement supply chain software solutions Supply Chain Efficiency Real-time Visibility 52

Procurement Software

JULY 4, 2023

It also provides real-time data and analytics that can be used to improve purchasing decisions. Ultimately, digital procurement enables organisations to enhance the overall procurement experience, as well as increase efficiencies and transform their end-to-end procurement function. What is procurement tech?

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain software solutions Procurement supply chain budgeting 52

Pipefy

JANUARY 5, 2023

Digital procurement involves the use of apps and systems to capture, consolidate, and manage all of the data and information related to procurement. Enhancing visibility and control. Procurement teams rely on a complex array of apps, systems, data, and forms to do their work. Enhancing visibility and control.

Procurement 52

Procurement Procurement team supply chain software solutions e2e 52

Procurement Software

JULY 18, 2023

The other three modules manage contracts, supplier relationships, and cost saving reporting, providing full transparency of the procurement process and offering data-based insights. This is a great solution for either “lone ranger” procurement managers. Contract Management 9.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

The Procuretech Podcast

APRIL 12, 2022

Having the ability to use a self-service portal that generates or inserts the necessary contract clauses depending on the specific requirements can save time, money and unnecessary frustration. The power of aggregated data. Giles gives examples of how a tool like Avvoka can enable self-serve advice directly in the platform.

Contract 52

Contract Negotiation Buyers Procurement team 52