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How the importance of risk management has changed for procurement – and what to do about it

Spend Matters

A common thread among the conversations we’ve had recently with senior procurement practitioners tells of the extent to which attitudes towards risk have changed over the past decade. According to one procurement leader we spoke to, all that changed around 2020. That statement couldn’t be less true today. It is very complex.”

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New Inventory Visibility and Collaboration Capabilities Enhance Ivalua’s Procure-to-Pay Solution

ivalua

Redwood City, CA, July 13, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces an extension of its Procure-to-Pay solution with a new Inventory Collaboration capability. Procurement and other business users will be empowered to make more informed buying and planning decisions with the help of: .

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Strengthening cash flow management and liquidity: A Finance–Procurement alignment approach — Executive Summary

Spend Matters

This article serves as the executive summary of a six-part series built for finance and procurement leaders aiming to strengthen their organizations cash flow management and liquidity position. Cash flow management is no longer an isolated finance function, it requires end-to-end coordination across teams and systems.

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Aligning Finance and Procurement – Phase 4: Leveraging technology to bridge the Finance–Procurement gap

Spend Matters

Finance and procurement play critical roles in shaping an organizations financial health and operational efficiency. This series shapes a five-phase approach to aligning finance and procurement. Technology is a powerful enabler of finance-procurement collaboration, bridging gaps in spend visibility, cost control and data integration.

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How to implement a future-ready e-procurement function

Spend Matters

We continue our Procurement Transformation Guide with a look at implementing an e-procurement transformation. Procurement has moved beyond a transactional function. Many organizations attempt to digitize broken procurement workflows, which only accelerates inefficiencies.

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Level up your procurement with AI: From quick wins to game-changing strategy

Spend Matters

Artificial intelligence use in procurement isnt a distant dream its here, reshaping how procurement professionals work. From simple automations that save time to sophisticated strategies that drive major business value, embedding AI in your business processes can provide immense value. But where should you begin?

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Aligning Finance and Procurement for cash flow optimization and liquidity — Phase 2: Identifying misalignments

Spend Matters

We introduced our series on aligning finance and procurement for cash flow optimization and liquidity in this Executive Summary. We then outlined the components of Phase 1: Understanding the Foundations , looking at the differing priorities of finance and procurement and how they might be aligned.