Spend Matters

OCTOBER 31, 2024

Visit our In-Depth Guide to Risk Management for an explanation of this complex environment. For today’s vendor viewpoint we spoke with Nick Francis, Chief Technology and Marketing Officer (CTMO) at Commercial Value Management specialist Brooklyn Solutions.

Risk management 116

Risk management Risk Management Real-time Visibility 116

Spend Matters

OCTOBER 31, 2024

As little as 10 years ago, we heard stories of pretty much indifference to risk: “supply risk management was young,” we heard, and “we didn’t worry too much about risk; we spent a very small percentage of our time on it.” But from my experience, each team does this very differently, with each using its own technology to manage risk.

Risk management 117

Risk management Risk Import Real-time Visibility 117

ivalua

MAY 16, 2025

Rising software costs, lack of procurement oversight, compliance headaches, and clunky vendor management. All of these processes are critical components for managing procurement activities strategically. Modules can include e-sourcing, contract management, supplier management, procure-to-pay (P2P), and advanced spend analytics.

Real-time Visibility 130

Real-time Visibility Procurement e2e Contract 130

ivalua

JULY 23, 2025

E-procurement is a digital process spanning the entire procurement lifecycle, from sourcing and contracting to ordering, invoicing, and payment. E-procurement goes beyond digital purchasing processes, connecting sourcing, contracting, ordering, and invoicing in a single system.

Real-time Visibility 130

Real-time Visibility Procurement e2e Supply Chain Efficiency 130

Procurement Templates

DECEMBER 11, 2024

Supplier Relationship Management: Build and maintain strong supplier partnerships to ensure long-term business value. Risk Mitigation: Identify and manage procurement risks by ensuring supplier reliability, diversifying sources, and monitoring market trends. Consider which projects or contracts require a plan B.

Procurement 130

Procurement Supply Chain Efficiency Cost of ownership supply chain budgeting 130

Spend Matters

DECEMBER 11, 2024

Tariff management is a strategic subset of direct materials management and sourcing that involves navigating and optimizing the complex costs and regulatory implications of importing materials and goods across borders. Tariffs essentially taxes imposed on imports and exports directly impact product cost structures.

Supply Chain Optimization 112

Supply Chain Optimization Management Supply chain resilience Supply Chain Efficiency 112

ivalua

JULY 1, 2025

Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. Core Operational Focus Areas A modern strategy must prioritize foundational capabilities, including spend analysis , vendor management, contract lifecycle management, and risk management.

Procurement strategies 130

Procurement strategies Strategy Real-time Visibility Procurement 130

Spend Matters

DECEMBER 16, 2024

In part 3 we look at the tech that can support Procurement in tariff management. Effective and efficient tariff management is rooted in robust direct materials and supply chain risk management. Direct materials management is essential for aligning demand, supply and product objectives throughout the product lifecycle.

Management 112

Management Agile and Lean Supply Chain Supply Chain Efficiency Material management 112

ivalua

JULY 1, 2025

Fragmented systems, rising cost pressures, and shifting risk profiles are making it harder than ever to manage procurement effectively. Core Operational Focus Areas A modern strategy must prioritize foundational capabilities, including spend analysis , vendor management, contract lifecycle management, and risk management.

Procurement strategies 130

Procurement strategies Strategy Real-time Visibility Procurement 130

Spend Matters

MARCH 25, 2025

Why stakeholder management matters in procurement digital transformation Stakeholder management is the foundation of any successful procurement digital transformation initiative. To understand why, lets look at the following parallel: Procurement professionals often discuss spend under management (SUM) as a key metric of success.

Stakeholder engagement 98

Stakeholder engagement Management Procurement Supply Chain Efficiency 98

ivalua

JUNE 5, 2025

Procurement and purchasing are often used interchangeably, but they serve distinct roles within any successful organization.While both involve acquiring goods and services, their workflows, objectives, and impact on enterprise risk management differ significantly. What Does Procurement and Purchasing Mean for Enterprises?

Purchasing 130

Purchasing Risk Procurement e2e 130

ivalua

JULY 8, 2025

Cost savings and reduced maverick spend: By improving visibility and control, S2P tools help enforce purchasing policies and drive contract compliance. Supplier Management An effective Source-to-Pay process begins and ends with suppliers. That’s why managing supplier data, risk, and performance in one unified platform is essential.

Sourcing 130

Sourcing Real-time Visibility e2e Procurement 130

Spend Matters

MAY 1, 2025

Heres where e-procurement processes often break down: Fragmented catalog and supplier management: Inconsistent supplier onboarding and unstructured catalogs result in pricing discrepancies and procurement delays. Poor supplier collaboration: Without digital supplier engagement tools, vendor management remains reactive instead of proactive.

Real-time Visibility 77

Real-time Visibility supply chain budgeting Procurement Supply Chain Optimization 77

Spend Matters

NOVEMBER 25, 2024

In this Spend Matters Vendor Analysis we provide an overview of SpendHQ and its solution for spend analytics and procurement performance management. Additionally, it can model and marry a variety of data alongside the spend, from contracts to risk. This content is for members only.

Procurement team 120

Procurement team Market analysis Strategic sourcing Strategic sourcing 120

ivalua

JULY 3, 2025

Direct and indirect procurement are two fundamental approaches in supply chain management, each serving distinct functions within an organization. Indirect procurement supports organizational agility, requiring tailored controls and workflows to manage cross-functional spend. Find Out More What Is Procurement?

supply chain budgeting 130

supply chain budgeting Procurement e2e Agile and Lean Supply Chain 130

ivalua

JULY 21, 2025

By embracing these technological solutions, businesses can optimize their resource allocation, enhance supplier relationship management,gain AI-driven procurement insights through comprehensive analysis and control of spend, and ultimately deliver a framework of continuous procurement process improvement.

Real-time Visibility 100

Real-time Visibility e2e Procurement supply chain software solutions 100

Supply Chain Game Changer

FEBRUARY 21, 2025

Differentiate With Supplier Relationship Management (SRM)! However, the traditional manual contract review and negotiation process often leads to delays, communication gaps, and potential errors, adding friction to the process of onboarding of new suppliers.

supply chain software solutions 52

supply chain software solutions Contract Suppliers Supply Chain Efficiency 52

ivalua

MAY 30, 2025

AI is reshaping the way organizations source, manage suppliers, and drive value today. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. For example, agentic AI can analyze supplier data, evaluate contracts, manage purchase orders, or recommend sourcing strategies.

Procurement 130

Procurement Supply Chain Optimization supply chain software solutions Procurement team 130

ivalua

MAY 30, 2025

AI is reshaping the way organizations source, manage suppliers, and drive value today. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. For example, agentic AI can analyze supplier data, evaluate contracts, manage purchase orders, or recommend sourcing strategies.

Procurement 130

Procurement Supply Chain Optimization supply chain software solutions Procurement team 130

Future Purchasing

APRIL 1, 2025

From our research, it is clear that many organisations still see category management as simply another term for strategic sourcing. However, we believe that category management and strategic sourcing focus on different aspects and have distinct goals. and then running a supplier selection process or RFP and negotiating contracts.

Category management 52

Category management Strategic sourcing Strategic sourcing Sourcing 52

Supply Chain Game Changer

JULY 8, 2025

Subscribe Effective Sales Contract Lifecycle Management Best Practices! Rebate Management Software is designed to handle the intricate calculations and processes associated with rebates in the supply chain. However, managing these rebates manually can lead to errors and inefficiencies.

supply chain software solutions 74

supply chain software solutions Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization 74

TYA Suite

OCTOBER 27, 2024

Using a procurement management system is one practical strategy to strengthen these connections. This comprehensive guide explores what procurement management software is, its key features, its role in vendor relations, its integration with business processes, and the benefits it offers.

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Management Procurement 40

ivalua

JUNE 9, 2025

Most teams are stuck reacting to problems after they’ve already escalated, rather than proactively managing risk. By automating routine tasks like onboarding a suppliers, kicking off a sourcing event, invoice matching, purchase order consolidation, and contract reviews, AI enables automated procurement workflows and reduces operational costs.

Sourcing 130

Sourcing Procurement Real-time Visibility Procurement team 130

Spend Matters

JULY 10, 2025

Agentic AI is transforming procurement — from intake and sourcing to risk management and P2P exception handling. Learn how agentic systems unlock value in supplier discovery, contract compliance, tail spend and more — driving speed, savings and resilience in direct and indirect procurement.

Procurement 113

Procurement Contract Risk management Sourcing 113

Spend Matters

APRIL 17, 2025

Meanwhile, AI-driven optical character recognition (OCR) and metadata extraction transform scanned invoices and contracts into structured, searchable data, ensuring vital information is always visible. These quick wins set the stage for more advanced AI applications, proving that AI implementation doesnt have to be daunting and expensive.

Strategy 99

Strategy Real-time Visibility Procurement Procurement team 99

Spend Matters

FEBRUARY 13, 2025

This meant that implementing one of the full end-to-end spend management suites was not feasible from a cost and change management perspective. For the third piece of tech, a contract management system, the Legal Department was a strong ally. It has completely changed our end-to-end enterprise contracting process.

Influencing 106

Influencing Procurement supply chain budgeting e2e 106

ContractSafe

FEBRUARY 24, 2025

This post will show you how a contract management solution can help you organize and track your contracts so you can reduce regulatory risk (and maybe get a bit more sleep at night). If you're in the finance world--whether it's banking, lending or investment--you already know compliance is no joke. the alphabet soup never ends.

Contract management 52

Contract management Contract Risk Management 52

Skill Dynamics

JANUARY 14, 2025

A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation. Category Management Category management refers to the focused management of individual aspects of your procurement process.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

ivalua

JUNE 12, 2025

It helps identify contract leakage and improve supplier performance, and insights can be used to support ESG initiatives and enable more strategic sourcing. Contract Spend Analysis: Tracks spend against contract terms to uncover leakage, ensure value realization, and reduce cost inefficiencies.

supply chain budgeting 130

supply chain budgeting Risk Real-time Visibility Supply Chain Efficiency 130

ivalua

MAY 21, 2025

Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. Key Takeaways Legacy procurement processes limit scale, speed, and visibility, making it harder to manage risk, compliance, and costs.

Real-time Visibility 130

Real-time Visibility Procurement Agile and Lean Supply Chain e2e 130

Skill Dynamics

DECEMBER 18, 2024

Proactively identifying and managing procurement fraud is incredibly important when safeguarding your organization’s future. Effective Strategies for Managing Procurement Fraud Regular audits and continuous monitoring play a vital role in identifying procurement fraud. Lets take a look.

Risk 52

Risk Strategy Supply Chain Efficiency Procurement 52

Spend Matters

NOVEMBER 14, 2024

The annual State of Flux global supplier relationship (SRM) management study made its appearance in London last week at the 2024 Supplier Management Summit in its 16th rendition, this time themed ‘Return on Relationships (RoR). Supplier Management (vs SRM) is more of a one-way street where suppliers are considered simple necessities.

Suppliers 117

Suppliers Raw materials Collaboration Contract 117

Spend Matters

JULY 1, 2025

With AI-driven automation, procurement teams can speed up purchase order processing, simplify invoice approvals and reduce errors in contract compliance checks. AI can even manage supplier onboarding, document organization and data entry to smooth workflows and reduce bottlenecks.

Procurement 88

Procurement Procurement team Budget Risk management 88

Spend Matters

APRIL 30, 2025

The modern procurement leader must manage risk, drive ESG, deliver cost savings and enable innovation often without additional headcount or budget. Procurement teams are spread thin and have to manage everything from basic sourcing to board-level ESG compliance. Procurement has long sought a strategic seat at the table.

Suppliers 83

Suppliers Management Real-time Visibility Agile and Lean Supply Chain 83

Spend Matters

APRIL 10, 2025

The days of relying solely on traditional processes to manage suppliers, contracts and spend are quickly fading. Optical character recognition (OCR) digitizes invoices and contracts, eliminating time-consuming manual data entry. Procurement is at a crossroads. AI does more than just improve efficiency.

Procurement 107

Procurement Supply Chain Efficiency Supply Chain Optimization Procurement team 107