Spend Matters

DECEMBER 21, 2023

Additional areas where the AI delivers value include contract lifecycle management, procure-to-pay processes of purchase requisitions, invoice processing/reconciliation and payment automation. AI-powered source-to-pay is the future At GEP, we leverage proprietary AI algorithms to streamline all procurement processes.

Procurement solutions 84

Procurement solutions Procurement e2e Real-time Visibility 84

Spend Matters

JANUARY 16, 2024

Spend analytics: Illuminating the path forward In pursuit of cost optimization, spend analytics offers CPOs a panoramic view of their organization’s purchasing activities. For granular analysis and comparisons of procurement technology solutions, subscribe to Spend Matters Insider.

Procurement solutions 82

Procurement solutions Procurement Spend management Supply Chain Optimization 82

Spend Matters

APRIL 22, 2024

This Spend Matters Vendor Analysis provides an overview of Penny and its P2P solution. Penny is a cloud-based procurement solution that covers the procurement journey from purchase requisition to sourcing to payments. This Vendor Analysis explores Penny’s platform, application and supporting services.

Procurement strategies 87

Procurement strategies Purchasing Procurement solutions Buyers 87

Spend Matters

OCTOBER 24, 2023

Here’s how Onventis describes itself: “We are pioneers in cloud-based solutions, transforming purchasing and finance processes since 2000. Our flagship product, Onventis Buyer cloud software, stands as a comprehensive procurement system designed to empower organizations across all aspects of procurement.

Procurement solutions 89

Procurement solutions Supply Chain Efficiency Procurement supply chain software solutions 89

Spend Matters

JANUARY 16, 2023

Tropic’s business model helps Finance, Procurement and Operations teams overcome software sourcing challenges by facilitating negotiations, ensuring compliance, automating the purchase experience and managing contracts with its combined offering of its platform and service layer in the shape of its team of procurement experts.

Procurement solutions 71

Procurement solutions Contract management Procurement Market knowledge 71

Procurement Tactics

JANUARY 5, 2023

A PunchOut catalog is a dream come true for many procurement professionals that use an e-procurement system. . It allows them to have a purchasing experience that provides process improvement and better spend management for the entire organization without leaving their e-procurement system. Smooth purchasing transactions.

Buyers 179

Buyers Purchasing Suppliers Procurement 179

Procurement Tactics

JUNE 19, 2023

Management consulting firm Oliver Whyman reports that incumbent companies are currently being overshadowed by a total of 356 procurement startups that offer procurement solutions. One of the main reasons for this is that these businesses are digitalizing procurement solutions.

Procurement 201

Procurement Collaboration Procurement strategies supply chain software solutions 201

Spend Matters

SEPTEMBER 1, 2022

Having the right technology that allows users to keep processes running as they should safeguards outcomes and can even improve business efficiency – and that can include capital, time and resources,” said Teesta Kaur, enterprise procurement solutions at Zip. That technology can change the process to meet current needs.”

Demand 78

Demand Procurement strategies Procurement Procurement team 78

Spend Matters

FEBRUARY 6, 2024

Procurement solution providers are engaged in a race to implement GenAI in their solutions. However, there are multiple ways to embed GenAI in procurement solutions, from shallow to very advanced. Here are the six levels we have encountered that we have grouped into two main categories: co-pilots and agents.

Procurement 87

Procurement Procurement solutions Vendor management Contract 87

Spend Matters

MAY 3, 2023

Categories: Innovation , Procurement Systems & Architecture , Purchasing and Sourcing Tags: Podcast Recently Jason Busch, the founder and CEO of Spend Matters, arrived in London from Chicago to attend this year’s Amazon Business Exchange (ABX).

Innovation 67

Innovation Procurement solutions Purchasing Sourcing 67

ivalua

SEPTEMBER 27, 2022

To standardize and digitalize its processes, the company was looking for a new procurement solution for the entire group to handle the entire purchasing process for indirect materials, services, and assets, including tendering, and supplier evaluation.

Spend management 130

Spend management Procurement solutions Suppliers Procurement 130

ivalua

MARCH 11, 2021

System will help improve efficiency and the purchasing experience for government employees and vendors. eVA is Virginia’s award-winning eProcurement portal, which provides a centralized, online purchasing hub for state and local agencies and more than 112,000 approved vendors who provide essential goods and services.

Eprocurement 130

Eprocurement Procurement Spend management Purchasing 130

Procurement Tactics

JUNE 28, 2023

These elements are the main focus of monitoring the procurement process of your company and are the factors that determine whether the procurement is efficient and feasible. Purchase Orders Purchase orders are where the monitoring of the creation and approval of purchase orders comes in.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178

ivalua

JANUARY 13, 2021

. – Cost optimization which comes from two sources: first, the savings that are captured from purchasing through preferred suppliers and compliant channels, and second the lower cost of a more efficient purchasing process. A typical example is purchase order (PO) updates. Criteria to Choose the Right eProcurement Software.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Procurement Tactics

AUGUST 22, 2022

Tail spend is known in procurement as the amount an organization spends on purchases that make up approximately 80% of transactions but only cover 20% of the total spend. . These purchases are usually small and do not go through procurement and are not frequent enough to be included in the system. . What is Tail Spending?

Purchasing 130

Purchasing Suppliers Negotiation Procurement 130

ivalua

OCTOBER 28, 2022

After they designed, built, and deployed the solution, they could register hundreds of suppliers within hours of launching. Not only did they address an emergent operational issue, but they also took the first step toward the digitization of vendor management and purchase order placement processes. . A Path Forward.

Bidding 130

Bidding Procurement Procurement team Procurement solutions 130

ivalua

NOVEMBER 10, 2020

Several years ago, all three states instituted a transaction fee model, whereby vendors were assessed a fee for revenue accumulated through purchases in the state e Procurement system. . These fees made up a relatively small portion of the overall vendor revenue, ranging from a fraction of a percent up to nearly 2% of the purchase.

Procurement 130

Procurement Real-time Visibility Contract Sourcing 130

World of Procurement blog

APRIL 23, 2024

This blog explores the types of technologies revolutionizing procurement, their benefits, and the return on investment (ROI) they deliver. Types of Technology Transforming Procurement 1. Cloud-Based Procurement Solutions Cloud technology has made procurement systems more accessible, scalable, and secure.

Supply Chain Efficiency 52

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

World of Procurement blog

APRIL 23, 2024

This blog explores the types of technologies revolutionizing procurement, their benefits, and the return on investment (ROI) they deliver. Types of Technology Transforming Procurement 1. Cloud-Based Procurement Solutions Cloud technology has made procurement systems more accessible, scalable, and secure.

Supply Chain Efficiency 52

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

Spend Matters

MARCH 15, 2023

We have also observed an evolution in the investments of the solution providers for specific markets. Today, we are talking about Planergy, a company founded in 2008, which started with a purchasing solution and has since built a very promising P2P solution for small and lower-middle-market companies.

Procurement solutions 85

Procurement solutions Buyers Purchasing Procurement 85

ivalua

APRIL 1, 2020

Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. New York, NY March 30, 2020 – Consus , a leading procurement services provider, today announced that Intalere , a healthcare supply chain GPO based in St. Learn more at www.consus-global.com/.

Contract 147

Contract Sourcing Supply Chain Efficiency Supply chain 147

Spend Matters

AUGUST 10, 2022

Precoro targets organizations based mainly in the US and in Europe with 50-3000 employees that have several locations and are in need of a central procurement process. Precoro views its main competitors in the status quo of ERP procurement solutions, which have manual procurement processes supported by tools such as Excel, Slack, email, etc.

Eprocurement 70

Eprocurement Procurement solutions Price Procurement 70

Spend Matters

AUGUST 31, 2022

Categories: Analytics , Market Intelligence , Procurement , Procurement Systems & Architecture , Purchasing and Sourcing , Requisition / PO Management , Risk Performance and Compliance , Spend Analysis Tags: PRO Direct materials is a hot market for procurement solutions, and this has become even more the case since the Covid crisis.

Supply Chain Optimization 79

Supply Chain Optimization Material management Sourcing Influencing 79

NLPA (Next Level Purchasing Association)

SEPTEMBER 8, 2023

A successful procurement transformation involves a strategic overhaul of processes, technologies, and approaches to achieve greater efficiency, cost savings, risk management, and value creation. These insights enable data-driven decision-making, negotiation strategies, and risk mitigation, leading to more informed procurement choices.

Procurement 52

Procurement Strategic sourcing Strategic sourcing Supply Chain Efficiency 52

ivalua

APRIL 1, 2020

Healthcare supply chain GPO, Intalere, deploys an end-to-end Source to Contract solution across its purchasing functions. New York, NY March 30, 2020 – Consus , a leading procurement services provider, today announced that Intalere, a healthcare supply chain GPO based in St. Learn more at www.consus-global.com/.

Contract 130

Contract Sourcing Supply Chain Efficiency Supply chain 130

Una

JUNE 22, 2023

Taking an Advisory Approach to Procurement An inside look at how Una, the nation’s fastest growing group purchasing organization, works to take an advisory approach to procurement. Utilizing these tools can drastically reduce the stressors that come along with developing and implementing a complete procurement strategy.

Procurement 52

Procurement Purchasing Procurement strategies Procurement team 52

ivalua

NOVEMBER 10, 2020

Several years ago, all three states instituted a transaction fee model, whereby vendors were assessed a fee for revenue accumulated through purchases in the state eProcurement system. . These fees made up a relatively small portion of the overall vendor revenue, ranging from a fraction of a percent up to nearly 2% of the purchase.

Sourcing 130

Sourcing Eprocurement Real-time Visibility Contract 130

Spend Matters

SEPTEMBER 14, 2023

This week we spoke with Baber Farooq, Senior Vice President and Head of Market Strategy for SAP Procurement Solutions. Over the last few years, life has been an adventure for procurement professionals. In a second one, we are talking to the end users about their expectations and requirements.

Procurement 103

Procurement Supply Chain Efficiency Category management e2e 103

Arkestro

MARCH 13, 2023

Thomas Perkins – Purchasing Manager The Challenge Create a more efficient RFQ process for large-scale mining equipment & identify cost-savings opportunities To power its production, Searles Valley Minerals needs to source a large quantity of equipment such as 6 miles worth of pipe, in addition to valves and fittings.

Bidding 52

Bidding Procurement Buyers Quantity 52

ivalua

APRIL 2, 2019

Offshore ultra-deep water drilling company to deploy eSourcing globally across its purchasing function. Pacific Drilling requires a fast, efficient and automated sourcing process to support the company’s Purchasing processes. Consus has been rated amongst the top 10 Procurement service providers by APAC CIO Outlook Forum.

Sourcing 100

Sourcing Supply Chain Efficiency Chief Procurement Officer Supply Chain Optimization 100

Zycus Cognitive Procurement

JANUARY 16, 2023

Beyond the poor experience that a business user (requisitioner) faces, the Category manager or the Buyer in the procurement core team also face multiple challenges like: . They have to match the Purchase Requisition with the underlying contracts and quotations . Overcome the Challenges in Streamlining Procurement Process.

Sourcing 52

Sourcing Real-time Visibility Procurement Buyers 52

Pipefy

DECEMBER 20, 2023

Strategic procurement prioritizes planning and strategizing for long-term benefits across the entire procurement process and alignment with business goals, while operational procurement focuses on purchasing and sourcing services strictly for maintaining day-to-day operations.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Agile and Lean Supply Chain Strategic planning 52

ivalua

NOVEMBER 3, 2021

The 140 year-old company has a strong market position; large volume provides necessary scale and competitive advantages in purchasing, sales, logistics, and business support. billion in annual sales. “The unique configurability of the Ivalua platform was a key success factor for our project.”.

Procurement 130

Procurement Supply Chain Optimization Supply Chain Efficiency Agile and Lean Supply Chain 130

Una

FEBRUARY 8, 2023

How to Market Procurement’s Value Beyond Cost Savings How to Use Group Purchasing as a Cost Reduction Strategy What to Do When You Have Limited Buying Power 4. Implement an e-procurement system Implement an e-procurement system to automate the purchase process and reduce the time and cost of manual purchasing.

Procurement 59

Procurement Negotiation Contract Strategic sourcing 59

Procurement Software

APRIL 11, 2023

Featuring Lhotse’s Co-Founder Henning Hatje and Senior Solutions Advisor Nicholas Martin , along with guest Gerald Seufert (Head of Payable Accounts and Requisitions at Fraport AG). Lhotse is the first user-centric digital procurement solution – focused on making it easy for your employees to submit their needs, simple and fast.

Collaboration 40

Collaboration Procurement solutions Purchasing Procurement 40

Empowering CPO

JULY 16, 2023

Our expert team works alongside your organization, offering comprehensive and customized procurement solutions that align with your business goals. Our services range from spend analysis and supplier relationship management to contract management, strategic sourcing, and e-procurement solutions.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Supply Chain Optimization supply chain budgeting 52

Spend Matters

JUNE 19, 2023

What does a Procure-to-Pay solution do? A Procure-to-Pay (P2P) solution is a combination of the e-procurement and AP Automation/I2P markets spanning the procurement process, including automation of purchase requisitions/orders, receipts, invoices, payments and financing.

Procurement 79

Procurement Real-time Visibility Purchasing Inventory 79