ProcurePort

JUNE 3, 2021

Procurement revolves almost entirely around spending as a business activity. The post Spend Management – What is it and how is it Changing in 2021? Therefore, as such an integral aspect to such a vital system of organization-wide processes, it goes to reason […]. appeared first on ProcurePort Blog.

Spend management 130

Spend management Management Procurement Contract management 130

ivalua

DECEMBER 21, 2021

Redwood, CA, 20th December 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that Canada’s largest co-operative, Federated Co-operatives Limited (FCL), has gone live with its source-to-contract solution which includes a seamless integration to TealBook, the leading supplier data foundation.

Contract 130

Contract Sourcing Suppliers Data 130

ivalua

JULY 11, 2022

New release features AI-powered contract management, more seamless messaging and communications, supplier risk and performance enhancements and procure-to-pay efficiency . AI-powered contract management. On the AI front, Ivalua enhanced its leading CLM solution with AI-Powered Contract Data Capture. About Ivalua.

Supply chain resilience 130

Supply chain resilience Collaboration Supply Chain Efficiency supply chain budgeting 130

ivalua

MARCH 24, 2022

Redwood City, CA – March 24th, 2022 – Ivalua, a global leader in spend management, today announced that it has been named a leader in The Forrester Wave : Supplier Value Management Platforms, Q1 2022. Ivalua is a leading provider of cloud-based Spend Management software. Click here to download a copy of the report.

Suppliers 130

Suppliers Management Supply Chain Efficiency Supply chain resilience 130

Procurement Software

MARCH 11, 2022

Existing service contracts are often a great place to start if you need to get some quick wins. You don’t have time, resources or expertise to do full-blown tenders for key supplier contracts? You’re relatively early into a poorly negotiated multi-year contract that you weren’t involved in, with no opportunity to terminate it?

Contract 52

Contract Contract management Negotiation Supplier relationship management 52

Procurement Software

MARCH 11, 2022

Existing service contracts are often a great place to start if you need to get some quick wins. You don’t have time, resources or expertise to do full-blown tenders for key supplier contracts? You’re relatively early into a poorly negotiated multi-year contract that you weren’t involved in, with no opportunity to terminate it?

Contract 52

Contract Contract management Negotiation Supplier relationship management 52

Spend Matters

APRIL 5, 2023

Categories: Contract Management , Procurement Systems & Architecture , Solution Providers , Source-to-Contract Tags: PRO This Spend Matters PRO Vendor Analysis provides an overview of Spendflo and its solution for SaaS procurement and management. Having so many options is not always a good thing, though.

e2e 74

e2e Management Buyers Contract 74

Pipefy

JANUARY 30, 2024

From procure-to-pay software to spend management and analysis tools, procurement technologies are disrupting the status quo and bringing efficiency to teams like never before. Contract and compliance management. Supplier performance management. Purchase orders. Invoice approvals.

Agile and Lean Supply Chain 52

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

ivalua

NOVEMBER 20, 2019

Paris, France – 20 November, 2019 – Ivalua, a global leader in Cloud Spend Management solutions and its key consulting partner Kronos Group have joined forces to successfully deliver Purchase2Pay & Contract Management at H.Essers, a major logistics service provider.

Contract management 22

Contract management Contract Management Market analysis 22

Spend Matters

JULY 10, 2023

It covers the S2P process, including sourcing, SxM, contract management, AP automation, payments and spend management. It also integrates ESG into its spend and supplier management. Proactis is one such suite vendor.

Market analysis 81

Market analysis e2e Contract management Spend management 81

Spend Matters

JANUARY 5, 2024

Part 4 — Procurement use cases of AI and Generative AI Vendors in focus in Q4 In Q4, Spend Matters published 16 Vendor Analyses as part of our Insider coverage. Its approach uses an all-in-one spend platform that combines expense management, corporate cards, travel and business accounts.

e2e 75

e2e Procurement supply chain software solutions Contract 75

NLPA (Next Level Purchasing Association)

JULY 20, 2023

The Impact on Procurement & Purchasing Teams Managing spend has a direct impact on the success of Procurement & Purchasing Teams. Budgeting and Forecasting: Creating budgets and accurate forecasts is crucial for strategic spend management. This directly contributes to the organization’s bottom line.

Management 40

Management supply chain budgeting supply chain software solutions Spend management 40

Procurement Tactics

JULY 2, 2023

A formal contract document that contains the detailed requirement for purchasing and obtaining goods and services, a job order is utilized with a view to ensuring that the desired goods or services are acquired in an orderly and efficient way. In this way, contract experts can work more effectively and save valuable time and resources.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

ivalua

AUGUST 28, 2019

Those are just two of several findings in the Governing Institute’s newly released 2019 procurement survey, 5 Trends That Are Reshaping How Governments Buy , which highlights some of the biggest emerging trends, issues and innovative best practices in state contracts and purchasing. It also paves the way to possible improvements.

Procurement 124

Procurement Contract Contract management Purchasing 124

Una

SEPTEMBER 21, 2022

In this conversation, Sarah combines her experience in sales and marketing with her time in procurement to shed light on : What it is like to transition from direct spend management to indirect corporate contract management How procurement can ‘surprise and delight’ customers via indirect sourcing Ways for procurement to ‘market’ their value-add beyond (..)

Contract management 98

Contract management Purchasing Spend management Sourcing 98

ivalua

FEBRUARY 27, 2023

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain supply chain budgeting 130

Procurement Software

MAY 16, 2023

Mid-market businesses, on the other hand, could invest in this software and easily see a quick return if they have the right change management and procurement talent in place. Above $1 billion businesses are typically a target of established, enterprise source-to-pay and source-to-contract suites.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Spend Matters

AUGUST 3, 2022

managing contracts or ESG performance), spend categories and supporting intelligence. SAP acquired Ariba over a decade ago to manage S2P, especially for indirect spend management, to augment the basic integrated direct spend management functionality within SAP’s ERP system (ECC and now SAP S/4 HANA).

Sourcing 80

Sourcing Spend management Procurement supply chain software solutions 80

Arkestro

MARCH 27, 2024

Regardless of industry, procurement buyers fulfill their role by finding the best suppliers, negotiating contracts, and identifying the most cost-effective, timely procurement of goods. Contract negotiation: Working with suppliers to establish the most favorable terms, pricing, and conditions.

Buyers 52

Buyers Supply Chain Efficiency supply chain budgeting Procurement 52

Pipefy

NOVEMBER 24, 2023

These tools are classified according to the procurement functions they perform, including contract management, informing, ordering, sourcing, and tendering. Spend management tools Spend management pertains to the collection and distribution of purchasing information, often from external parties.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency e2e 52

NLPA (Next Level Purchasing Association)

FEBRUARY 14, 2024

Risk Management Strategies : Supplier qualification processes ensure reliability and quality. Strong contract negotiation helps manage risks. Supplier Relationship Management : Build strong, collaborative relationships with key suppliers. Value engineering (finding alternatives) and reducing waste can also contribute.

Procurement strategies 52

Procurement strategies Supply Chain Optimization Strategy Procurement 52

Procurement Software

JULY 18, 2023

It’s not just about procure-to-pay (P2P) or source-to-contract (S2C applications). Source-to-Contract (S2C) 1. They provide a simple and intuitive procurement solution for source-to-contract (S2C) for small and medium-sized enterprises. This is a great solution for either “lone ranger” procurement managers.

Purchasing 52

Purchasing Contract Negotiation Real-time Visibility 52

Procurement Software

JUNE 13, 2023

Above $1 billion businesses are typically a target of established, enterprise source-to-pay and source-to-contract suites. DeepStream DeepStream Technologies is a rapidly growing source-to-contract software based in London, providing an e-sourcing and contract management platform.

supply chain software solutions 52

supply chain software solutions Contract management Contract Sourcing 52

NLPA (Next Level Purchasing Association)

APRIL 5, 2023

Improve spend management by implementing a buying plan Effective spend management is crucial for any organization’s financial health. Additionally, organizations may struggle to manage their contracts effectively without contract management software, resulting in non-compliance and legal risks.

Procurement 52

Procurement Negotiation supply chain budgeting Supply Chain Optimization 52

Una

DECEMBER 20, 2022

Some organizations define SUM as any spending that leverages preferred supplier contracts. Below, we outline how to bring more spend under management using six of the best practices. . Sourcing and managing suppliers. Being able to do so negates the need for them to manually enter this data. Contractual terms.

Management 98

Management Buyers Procurement team Contract 98

ivalua

AUGUST 17, 2021

Capturing Value occurs when a contract has been established that governs the responsibilities and obligations of both supplier and buyer, and well as when the organization has the right Procure-to-Pay processes in place to ensure compliance to those agreements, goods, services and prices. . What is Direct Procurement?

Procurement 130

Procurement Procurement team Sourcing Supplier relationship management 130

Pipefy

DECEMBER 20, 2023

Spend under management (SUM) Spend under management is the total direct and indirect company spend managed by the procurement team, excluding salaries or required tax or regulatory payments. Contract compliance rate Contract management is an important area for procurement.

Procurement 52

Procurement Purchase orders Contract Purchasing 52

Procurement Software

NOVEMBER 21, 2022

The reason can be found in their high margins and thus, cost and vendor management not being at the forefront of their critical business priorities. Tech companies definitely see the value in data analytics and this pans out to contract management, streamlining processes and detailed spend analysis.

supply chain budgeting 52

supply chain budgeting Chief Procurement Officer supply chain software solutions Supply Chain Optimization 52

Pipefy

MAY 23, 2023

Document management Digital contract management should be included in any e-procurement tool; it’s that important. The feature allows procurement teams to monitor and control a contract’s lifecycle, access previous versions, and keep documents up-to-date for everyone involved. Life cycle management. Risk reduction.

Procurement solutions 52

Procurement solutions Procurement e2e supply chain software solutions 52

Procurement Software

FEBRUARY 27, 2024

We cover the major differences between procure-to-pay , source-to-pay and source-to-contract in two separate articles. Some S2P suites also offer contract management functionality. Note, source-to-pay suites are increasingly referred to as Business Spend Management (BSM) platforms.

Sourcing 52

Sourcing Contract management Price Procurement 52

Procurement Software

MARCH 28, 2023

These limitations are usually due to spend being either under contract, or committed to on purchase orders already issued. Non-addressable spend includes any spend under contract, where there is no available option to terminate for convenience or renegotiate terms. This is also known as a “take or pay” contract.

Contract 52

Contract Purchasing Procurement team Purchase orders 52

Procurement Software

NOVEMBER 14, 2023

Business spend management suites, including SAP Ariba and Coupa software, offer marketplaces with App-Store like functionality. From the outside, it appears to be a bid by SAP Ariba, Coupa and other legacy Procure-to-Pay and Source-to-Contract suites to maintain their relevance.

supply chain software solutions 52

supply chain software solutions Spend management Agile and Lean Supply Chain Risk 52

Planergy

JULY 21, 2023

It is the process of acquiring external services to meet the needs of an organization and involves different steps, such as identifying a need, setting up a contract, and managing the relationship between the service provider and the customer. There should be purchase orders and milestones to ensure your project remains on course.

Management 52

Management Procurement supply chain budgeting Budget 52

Zycus Cognitive Procurement

JULY 30, 2021

Solutions that connect the end-to-end supplier relationship lifecycle from e-sourcing of suppliers to contract management and spend analysis, and finally, procure-to-pay transactions daily – leverage a single source of truth to make data-driven decisions. User interface (UI) complexity.

Supplier relationship management 52

Supplier relationship management Suppliers Management Procurement 52

Barkers Procurement

JUNE 21, 2023

The concept of an overarching Business Spend Management platform (BSM) is a relatively new and compelling concept, championed by our partners at Coupa, and is just as strategically important as your ERP, MRP or CRM systems. And increased self-serve processes reduces time spent on tactical aspects of managing contracts.

supply chain budgeting 52

supply chain budgeting Supply Chain Efficiency Budget Procurement team 52

Planergy

MARCH 2, 2023

The process of tail spend analysis involves analyzing data from various sources, including supplier invoices, purchase orders, contracts, and other financial documents. Having the right information and insights is important to make the most of tail spend analysis. Download PDF What’s your goal today?

supply chain budgeting 52

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

Una

JUNE 15, 2023

The CPO is supported by strategic sourcing managers, category managers, buyers, analysts, contract managers, a compliance officer, an SRM manager, and others as new roles emerge. Request for Proposal (RFP) management: Creating RFPs and managing the time-consuming RFP process to solicit bids from suppliers.

Procurement 52

Procurement Supplier relationship management Procurement team Contract 52