Procurement and sourcing continue to evolve into a strategic function within the enterprise and today’s teams oversee everything from supplier sourcing, contract negotiations, supplier relationship management and compliance. Best-in-class teams now drive successful business outcomes by collaborating closely with the lines of business and leveraging transparency to tie projects to business impact. Companies looking to manage more strategic spend quickly realize that effective collaboration is key to more efficient and effective source to pay processes and outcomes.
Attend this webinar to find how your sourcing and procurement teams can leverage new age collaboration to achieve seamless, connected and impactful source to pay processes in 2017.
Learn about:
-Embedding collaboration across source to pay processes and improve performance
-Predicting business impact before project investment to prioritize spend
-Championing quality of spend and supplier-led innovation
-Collaborating across the enterprise and supplier network to really transform the enterprise
Fixing the Broken Promise of eProcurement Tradeshift
For the last 15 years, eProcurement software has done the same things but promised different results. Companies are spending their resources trying (and failing) to enforce top down processes and bring more spend under management. The tools used today are about limitations. We think it’s time to change that and solve the unfulfilled promise of eProcurement.
We believe eProcurement should enable:
- Accurate products and services from ALL your suppliers
- A collaborative and easy buying experience
- The freedom to buy anywhere
- Connected end-to-end processes
- A comprehensive solution for ALL your spend
Fact or Fiction – You Can Manage All Your Supplier Information, Transactions ...Tradeshift
Five or six years ago this would have been fiction hands down, and for many companies now, it might as well be. Using multiple disconnected systems, or manual methods, to manage suppliers and all their information, including invoices, purchase orders, and supply chain risk has been the norm. Doing things this way created a bevy of challenges and limitations—information silos, exposure to risk and overall lack of visibility into supplier relationships.
What if you could onboard your suppliers once for procure-to-pay transactions, and in the same place manage supplier master data, plus have access to real-time information helping you to mitigate your supply chain risk?
This webinar with Tradeshift and Riskmethods discusses how to:
Connect to all your suppliers and from one place
Consolidate all supplier related processes and information
Protect your organization from supply chain disruptions and risky suppliers
Get transparency into potential risks across your supply chain
Actually achieve high adoption among internal users and suppliers.
The P2P landscape is changing. The significant developments in technology that have been widely adopted in B2C environments are now changing the game in B2B environments and shared services.
The way businesses buy, pay, manage data, and leverage increasingly agile technology is changing in P2P.
In 2016 P2P organizations are going beyond transactional cost and concentrate on supporting the overall enterprise objectives: digitalization of information, process automation but also internal customer centricity and a balanced efficiency/risk/control approach are key practices in this new era.
Hosted by: Sharedserviceslink, The Hackett Group, Tradeshift
Collaborating to Achieve Seamless Source to Pay in 2017Aria McGuinness
Procurement and sourcing continue to evolve into a strategic function within the enterprise and today’s teams oversee everything from supplier sourcing, contract negotiations, supplier relationship management and compliance. Best-in-class teams now drive successful business outcomes by collaborating closely with the lines of business and leveraging transparency to tie projects to business impact. Companies looking to manage more strategic spend quickly realize that effective collaboration is key to more efficient and effective source to pay processes and outcomes.
Attend this webinar to find how your sourcing and procurement teams can leverage new age collaboration to achieve seamless, connected and impactful source to pay processes in 2017.
Learn about:
-Embedding collaboration across source to pay processes and improve performance
-Predicting business impact before project investment to prioritize spend
-Championing quality of spend and supplier-led innovation
-Collaborating across the enterprise and supplier network to really transform the enterprise
The Future of Procurement Technology with Hugo Evans of A.T. KearneyScout RFP
Successful procurement technology has one job, a north star: to provide a robust yet easy-to- use system for transforming needed goods and services into value for a company so that it can excel at its own business. According to Hugo Evans, Vice President at A.T. Kearney, we are at an inflection point, largely driven by the emergence of more flexible, user-friendly procurement technologies.
Fixing the Broken Promise of eProcurement Tradeshift
For the last 15 years, eProcurement software has done the same things but promised different results. Companies are spending their resources trying (and failing) to enforce top down processes and bring more spend under management. The tools used today are about limitations. We think it’s time to change that and solve the unfulfilled promise of eProcurement.
We believe eProcurement should enable:
- Accurate products and services from ALL your suppliers
- A collaborative and easy buying experience
- The freedom to buy anywhere
- Connected end-to-end processes
- A comprehensive solution for ALL your spend
Fact or Fiction – You Can Manage All Your Supplier Information, Transactions ...Tradeshift
Five or six years ago this would have been fiction hands down, and for many companies now, it might as well be. Using multiple disconnected systems, or manual methods, to manage suppliers and all their information, including invoices, purchase orders, and supply chain risk has been the norm. Doing things this way created a bevy of challenges and limitations—information silos, exposure to risk and overall lack of visibility into supplier relationships.
What if you could onboard your suppliers once for procure-to-pay transactions, and in the same place manage supplier master data, plus have access to real-time information helping you to mitigate your supply chain risk?
This webinar with Tradeshift and Riskmethods discusses how to:
Connect to all your suppliers and from one place
Consolidate all supplier related processes and information
Protect your organization from supply chain disruptions and risky suppliers
Get transparency into potential risks across your supply chain
Actually achieve high adoption among internal users and suppliers.
The P2P landscape is changing. The significant developments in technology that have been widely adopted in B2C environments are now changing the game in B2B environments and shared services.
The way businesses buy, pay, manage data, and leverage increasingly agile technology is changing in P2P.
In 2016 P2P organizations are going beyond transactional cost and concentrate on supporting the overall enterprise objectives: digitalization of information, process automation but also internal customer centricity and a balanced efficiency/risk/control approach are key practices in this new era.
Hosted by: Sharedserviceslink, The Hackett Group, Tradeshift
Collaborating to Achieve Seamless Source to Pay in 2017Aria McGuinness
Procurement and sourcing continue to evolve into a strategic function within the enterprise and today’s teams oversee everything from supplier sourcing, contract negotiations, supplier relationship management and compliance. Best-in-class teams now drive successful business outcomes by collaborating closely with the lines of business and leveraging transparency to tie projects to business impact. Companies looking to manage more strategic spend quickly realize that effective collaboration is key to more efficient and effective source to pay processes and outcomes.
Attend this webinar to find how your sourcing and procurement teams can leverage new age collaboration to achieve seamless, connected and impactful source to pay processes in 2017.
Learn about:
-Embedding collaboration across source to pay processes and improve performance
-Predicting business impact before project investment to prioritize spend
-Championing quality of spend and supplier-led innovation
-Collaborating across the enterprise and supplier network to really transform the enterprise
The Future of Procurement Technology with Hugo Evans of A.T. KearneyScout RFP
Successful procurement technology has one job, a north star: to provide a robust yet easy-to- use system for transforming needed goods and services into value for a company so that it can excel at its own business. According to Hugo Evans, Vice President at A.T. Kearney, we are at an inflection point, largely driven by the emergence of more flexible, user-friendly procurement technologies.
Building Your Business Case for P2P AutomationTradeshift
Surveys have found that it often takes much longer to get approval for a project than it takes to implement the project once approved. Key to getting approval is putting together a document that provides compelling arguments for approval as well as making sure the appropriate people are involved in the approval process.
This is especially true for the procure-to-pay process, a notoriously difficult area to make a business case that accurately communicates the value of a P2P transformation. Fortunately, Jon Casher, a leading expert in the Procure-to-Pay and accounts payable will be providing some great insights.
During this webinar you will learn:
-Why you need a business case and what to include
-What needs to be done before putting together your business case
-How to identify the roles and responsibilities of the people involved in the approval process
-Resources to draw on to make the case
-Getting approval and ensuring success
Boost your bottom line and supply chain healthTradeshift
Global supply chains are treasure troves of working capital, but that cash flow often stagnates in the pipeline. Research shows that one proven way to free up stuck capital is by optimizing payables performance: when you optimize payables, you see higher returns and suppliers get paid quicker.
In 45 minutes, you’ll learn how to:
- Increase EBITDA while removing risk from your supply chain
- Implement a win-win approach to Dynamic Discounting, with 5 “must haves” for a successful early payment program
- Support and strengthen your supply chain simply and collaboratively
How to Simplify your AP Automation: Live DemoTradeshift
Enterprise software isn’t exactly known for good looks and simplicity, but why shouldn’t it? You spend hours upon hours using these tools, so why shouldn’t they look great, be easy to use and simplify their workday?
Tradeshift was built on cloud-based technology and it’s as easy to use as apps people choose to use in personal life. Our customers have experienced some of the industry’s highest employee and supplier adoption rates with our intuitive solution for buyers and suppliers.
Join this 45-minute live demo to learn how to :
- Transform your business with a next generation procure-to-pay platform
- Move from manual to fully digital AP processes
- Apply your unique business rules and workflow to transactions
- Drastically improve straight-through processing rates
- Easily add additional functionality via Tradeshift apps
Procure to Pay Transformation.
--
Presentation originally made at the SMART Supply Chain Conference, June 2013. This transformation won the Award for Procurement Excellence.
The presentation is Copyright protected and is for information purposes only and may not be reproduced in any form without written permission of authors.
Complex products introduce tremendous obstacles during the sales process around configuration, pricing, and fulfillment. Learn how enterprises have overcome these challenges and accelerated their businesses.
This report examines options for procure-to-pay operations with a focus on improving Procure-to-Pay (P2P) process through a transformational approach that meets an organization’s procure-to-pay operations objectives. Authored by the Account Payables Network and sponsored by Datamatics Global Services. Visit http://www.datamatics.com
Selling value-added services is on the rise, yet many service organizations continue to leverage antiquated tools to manage the quote-to-contract process for their service offerings. Learn how Apttus customers are solving this problem with solutions designed to maximize service offerings, and how your organization can also capture the most value from services sales.
The future of AP means constant change for you and how invoices will be processed over the next six years. What will the revolutionized AP department look like in 2020? Increasingly companies are not just looking for paperless, but better overall processes brought on by automating invoices, matching, routing and payments. Maybe you have one or two automation efforts going but in the coming years you need to prepare for more, more and more. Henry Ijams, founder of PayStream Advisors, will share his insights into how successful managers are handling this booming change.
You’ll also learn where the AP automation market is heading, the available technologies and how they can work together, the five secrets to planning a successful department of the future, and the key elements in making it a successful revolution.
The Road to Strategic Finance: Characteristics of a Highly Effective Finance ...SAP Ariba
Oxford Economics surveyed 1,700+ CFOs and finance leaders globally, with 300+ in ANZ. The results revealed interesting insights on how finance in ANZ compares to global leaders. Join this session to hear key themes that emerged and use cases of SAP solutions helping finance leaders become more effective in the digital age. Key themes include supporting strategic growth and line-of-business collaboration, staying on top of technology and innovations, and closing the gap between finance and risk.
The Future of Procurement Technology with Hugo Evans of A.T. KearneyScout RFP
Successful procurement technology has one job, a north star: to provide a robust yet easy-to- use system
for transforming needed goods and services into value for a company so that it can excel at its own
business. According to Hugo Evans, Vice President at A.T. Kearney, we are at an inflection point, largely
driven by the emergence of more flexible, user-friendly procurement technologies.
Five Things Every CPQ Administrator Must Know, Presented by Apttus UniversityApttus
In this practical session, you’ll learn several key things that every administrator must know about setting up pricing and configuration for Apttus CPQ. With the depth of instruction that only Apttus University can provide, it’s a perfect starting point for new and prospective designers, and a great refresher for experienced admins.
Future of Procurement – Goodbye to Business as Usual: Transforming Operations...SAP Ariba
An interactive panel discussion on how procurement is changing and why old ways of working and measuring performance may not get the job done. Featuring Edward Cone, Oxford Economics’ Deputy Director of Thought Leadership and Jennifer Roberts, Senior Manager, Center of Excellence for Sonoco – a $5B global consumer packaging company. Gain insight into:
• Sonoco’s real-world perspectives, including a look at their supplier measurement program
• Your peer’s views on operations and KPIs from the Oxford global study of more than 1,000 procurement executives and practitioners
• Proven strategies and tactics to measure your success
For Machines to truly learn – they must, not unlike Humans – be taught properly, providing them with complete, accurate data from which to establish patterns and draw inferences. The first step of teaching your machines to be able to effectively apply AI is to digitize and enrich the massive amounts of data being captured through core Sourcing and Vendor Management processes, such that the resulting data analytics represent a Master Class in Strategic Procurement – for your Machines.
Execute a Winning Pricing Strategy with Artificial Intelligence (AI)Apttus
With effective pricing, enterprises can secure their market positions and increase profitable growth. Innovations in Quote-to-Cash technology powered by AI have made it possible for enterprises to consistently set prices that drive optimal business outcomes. Learn how your enterprise can make pricing excellence a reality with AI.
P2P in 2020 - The Push for Supplier Self-ServiceTradeshift
We are pleased to bring you the first installment of the P2P in 2020 series with Paystream Advisors. This presentation will discuss how organization can and should be positioning themselves for the future especially when it comes to connecting and collaborating with suppliers. The last decade has brought forward a few indisputable mega-trends (cloud, mobile, social, big data, etc) that will have a profound impact on the way businesses transact, connect and collaborate.
Studies show that top performing companies are using “touchless” (or straight-through) processing to process invoices in 1-3 days, compared to more than 15 days for the average company. This enables them to maximize discount capture and “best pricing” through spend analysis and contract management.
Every invoice that is processed in a touchless manner saves a tremendous amount of time, resources and money. Many top performing companies have implemented touchless processing and they continue to reap the benefits and improve year after year.
This 45-minute session with industry expert David Hay will discuss:
-How touchless processing can be achieved
-Process change and automation
-Collaborating with procurement to achieve touchless transactions
-Usage of cloud and mobile technologies
The Future of Procurement: Why is Technology Lagging Behind?SirionLabs
On September 25th 2018, IACCM and SirionLabs conducted this insightful webinar featuring experts from AT Kearney, Forbes Media, IACCM and SirionLabs. The discussion focuses on why traditional procurement technology strategies (primarily focused on deploying P2P and ERP suites) prove to be ineffective and how enterprises can leverage the emerging technology landscape to build a future-ready procurement eco-system.
What Procurement Organizations Need Most - Flexibility & AgilityTradeshift
In today’s highly uncertain, competitive and digital environment, we understand that only businesses that are responsive, adaptable and agile will thrive – but what is the procurement organizations role in enabling this? Is it to stay laser focused on delivering savings and controlling spend or is it much more? Hear directly from former CPO of Cushman & Wakefield, Joanna Martinez on this very topic. Agility comes in many shapes and sizes, from market intel and access to data to customer service and supplier relationships.
Joanna shares her views on why it’s time for procurement to go from the department of cost-cutting to the enabler of agility.
Tradeshift hosted a series of 'CFO in the cloud' events - breakfast seminars where CFOs could get insights into the latest in e-invoicing, early payments, and Tradeshift's unique approach and network.
Watch the short video from the London event after the final slide.
Building Your Business Case for P2P AutomationTradeshift
Surveys have found that it often takes much longer to get approval for a project than it takes to implement the project once approved. Key to getting approval is putting together a document that provides compelling arguments for approval as well as making sure the appropriate people are involved in the approval process.
This is especially true for the procure-to-pay process, a notoriously difficult area to make a business case that accurately communicates the value of a P2P transformation. Fortunately, Jon Casher, a leading expert in the Procure-to-Pay and accounts payable will be providing some great insights.
During this webinar you will learn:
-Why you need a business case and what to include
-What needs to be done before putting together your business case
-How to identify the roles and responsibilities of the people involved in the approval process
-Resources to draw on to make the case
-Getting approval and ensuring success
Boost your bottom line and supply chain healthTradeshift
Global supply chains are treasure troves of working capital, but that cash flow often stagnates in the pipeline. Research shows that one proven way to free up stuck capital is by optimizing payables performance: when you optimize payables, you see higher returns and suppliers get paid quicker.
In 45 minutes, you’ll learn how to:
- Increase EBITDA while removing risk from your supply chain
- Implement a win-win approach to Dynamic Discounting, with 5 “must haves” for a successful early payment program
- Support and strengthen your supply chain simply and collaboratively
How to Simplify your AP Automation: Live DemoTradeshift
Enterprise software isn’t exactly known for good looks and simplicity, but why shouldn’t it? You spend hours upon hours using these tools, so why shouldn’t they look great, be easy to use and simplify their workday?
Tradeshift was built on cloud-based technology and it’s as easy to use as apps people choose to use in personal life. Our customers have experienced some of the industry’s highest employee and supplier adoption rates with our intuitive solution for buyers and suppliers.
Join this 45-minute live demo to learn how to :
- Transform your business with a next generation procure-to-pay platform
- Move from manual to fully digital AP processes
- Apply your unique business rules and workflow to transactions
- Drastically improve straight-through processing rates
- Easily add additional functionality via Tradeshift apps
Procure to Pay Transformation.
--
Presentation originally made at the SMART Supply Chain Conference, June 2013. This transformation won the Award for Procurement Excellence.
The presentation is Copyright protected and is for information purposes only and may not be reproduced in any form without written permission of authors.
Complex products introduce tremendous obstacles during the sales process around configuration, pricing, and fulfillment. Learn how enterprises have overcome these challenges and accelerated their businesses.
This report examines options for procure-to-pay operations with a focus on improving Procure-to-Pay (P2P) process through a transformational approach that meets an organization’s procure-to-pay operations objectives. Authored by the Account Payables Network and sponsored by Datamatics Global Services. Visit http://www.datamatics.com
Selling value-added services is on the rise, yet many service organizations continue to leverage antiquated tools to manage the quote-to-contract process for their service offerings. Learn how Apttus customers are solving this problem with solutions designed to maximize service offerings, and how your organization can also capture the most value from services sales.
The future of AP means constant change for you and how invoices will be processed over the next six years. What will the revolutionized AP department look like in 2020? Increasingly companies are not just looking for paperless, but better overall processes brought on by automating invoices, matching, routing and payments. Maybe you have one or two automation efforts going but in the coming years you need to prepare for more, more and more. Henry Ijams, founder of PayStream Advisors, will share his insights into how successful managers are handling this booming change.
You’ll also learn where the AP automation market is heading, the available technologies and how they can work together, the five secrets to planning a successful department of the future, and the key elements in making it a successful revolution.
The Road to Strategic Finance: Characteristics of a Highly Effective Finance ...SAP Ariba
Oxford Economics surveyed 1,700+ CFOs and finance leaders globally, with 300+ in ANZ. The results revealed interesting insights on how finance in ANZ compares to global leaders. Join this session to hear key themes that emerged and use cases of SAP solutions helping finance leaders become more effective in the digital age. Key themes include supporting strategic growth and line-of-business collaboration, staying on top of technology and innovations, and closing the gap between finance and risk.
The Future of Procurement Technology with Hugo Evans of A.T. KearneyScout RFP
Successful procurement technology has one job, a north star: to provide a robust yet easy-to- use system
for transforming needed goods and services into value for a company so that it can excel at its own
business. According to Hugo Evans, Vice President at A.T. Kearney, we are at an inflection point, largely
driven by the emergence of more flexible, user-friendly procurement technologies.
Five Things Every CPQ Administrator Must Know, Presented by Apttus UniversityApttus
In this practical session, you’ll learn several key things that every administrator must know about setting up pricing and configuration for Apttus CPQ. With the depth of instruction that only Apttus University can provide, it’s a perfect starting point for new and prospective designers, and a great refresher for experienced admins.
Future of Procurement – Goodbye to Business as Usual: Transforming Operations...SAP Ariba
An interactive panel discussion on how procurement is changing and why old ways of working and measuring performance may not get the job done. Featuring Edward Cone, Oxford Economics’ Deputy Director of Thought Leadership and Jennifer Roberts, Senior Manager, Center of Excellence for Sonoco – a $5B global consumer packaging company. Gain insight into:
• Sonoco’s real-world perspectives, including a look at their supplier measurement program
• Your peer’s views on operations and KPIs from the Oxford global study of more than 1,000 procurement executives and practitioners
• Proven strategies and tactics to measure your success
For Machines to truly learn – they must, not unlike Humans – be taught properly, providing them with complete, accurate data from which to establish patterns and draw inferences. The first step of teaching your machines to be able to effectively apply AI is to digitize and enrich the massive amounts of data being captured through core Sourcing and Vendor Management processes, such that the resulting data analytics represent a Master Class in Strategic Procurement – for your Machines.
Execute a Winning Pricing Strategy with Artificial Intelligence (AI)Apttus
With effective pricing, enterprises can secure their market positions and increase profitable growth. Innovations in Quote-to-Cash technology powered by AI have made it possible for enterprises to consistently set prices that drive optimal business outcomes. Learn how your enterprise can make pricing excellence a reality with AI.
P2P in 2020 - The Push for Supplier Self-ServiceTradeshift
We are pleased to bring you the first installment of the P2P in 2020 series with Paystream Advisors. This presentation will discuss how organization can and should be positioning themselves for the future especially when it comes to connecting and collaborating with suppliers. The last decade has brought forward a few indisputable mega-trends (cloud, mobile, social, big data, etc) that will have a profound impact on the way businesses transact, connect and collaborate.
Studies show that top performing companies are using “touchless” (or straight-through) processing to process invoices in 1-3 days, compared to more than 15 days for the average company. This enables them to maximize discount capture and “best pricing” through spend analysis and contract management.
Every invoice that is processed in a touchless manner saves a tremendous amount of time, resources and money. Many top performing companies have implemented touchless processing and they continue to reap the benefits and improve year after year.
This 45-minute session with industry expert David Hay will discuss:
-How touchless processing can be achieved
-Process change and automation
-Collaborating with procurement to achieve touchless transactions
-Usage of cloud and mobile technologies
The Future of Procurement: Why is Technology Lagging Behind?SirionLabs
On September 25th 2018, IACCM and SirionLabs conducted this insightful webinar featuring experts from AT Kearney, Forbes Media, IACCM and SirionLabs. The discussion focuses on why traditional procurement technology strategies (primarily focused on deploying P2P and ERP suites) prove to be ineffective and how enterprises can leverage the emerging technology landscape to build a future-ready procurement eco-system.
What Procurement Organizations Need Most - Flexibility & AgilityTradeshift
In today’s highly uncertain, competitive and digital environment, we understand that only businesses that are responsive, adaptable and agile will thrive – but what is the procurement organizations role in enabling this? Is it to stay laser focused on delivering savings and controlling spend or is it much more? Hear directly from former CPO of Cushman & Wakefield, Joanna Martinez on this very topic. Agility comes in many shapes and sizes, from market intel and access to data to customer service and supplier relationships.
Joanna shares her views on why it’s time for procurement to go from the department of cost-cutting to the enabler of agility.
Tradeshift hosted a series of 'CFO in the cloud' events - breakfast seminars where CFOs could get insights into the latest in e-invoicing, early payments, and Tradeshift's unique approach and network.
Watch the short video from the London event after the final slide.
Webinar: Shared Services - Latin America best practices for electronic invoic...Tradeshift
Latin America is known for strict regulations when it comes to e-invoicing. Watch this informative webinar to learn the top five best practices for deploying electronic invoicing in Latin America and understand:
• The latest invoicing mandates in Mexico, Brazil, Chile and Argentina
• Differences between In-Country and Cross-Border Invoices
• Supplier Collaboration best practices
• Beyond invoicing: Supply Chain Finance and Electronic Payments
ProcureCon Indirect East 2016: Tradeshift CEO KeynoteTradeshift
Tradeshift CEO Christian Lanng took the stage in Orlando, Florida at ProcureCon on February 23, 2016 to discuss procurement, digital disruption, and why the two go together now more than ever.
From e invoicing to supply chain collaboration- the benefits of a platform ap...Tradeshift
Whether you are in supply chain, procurement, accounts payable or IT the concept of a platform and a network of connected businesses is likely to impact your function and most definitely will impact your company.
In this webinar learn more about what a network-powered platform means for your business, your supply chain and your function.
The level of success of your supplier collaboration is largely dependent on the onboarding process. Suppliers can be hesitant on changing their process, which is why we believe in making it as simple as possible. In fact, it’s been proven that Tradeshift onboards suppliers 5 times faster than the competitors.
Join Tradeshift for a free educational 45-minute webinar, where you will walk away with:
- An understanding of Tradeshift’s onboarding methodology
- Case studies and business cases from our clients and their suppliers about their collaboration ecosystem
- A high-level demo of the Tradeshift product so you can see how easy it is to use
This Document provides a brief overview of the Accounts Payable (AP) function in an Organisation. This also include the journal entries of AP transactions.
Power Your PMO with the Adaptive Enterprise Stephen Parry
Business is evolving. Today’s customer expects an instant response to their demands. Today’s executive expects the PMO to deliver with unprecedented speed and accuracy. The name of the game is adaptability – not predictability.
Annual planning and cumbersome project lifecycles are no longer enough to meet these challenges. A new mindset is needed – one that enables the PMO to constantly evaluate and innovate as opportunities emerge, adding business value beyond tasks and processes.
Join this webinar with internationally renowned Author, Keynote Speaker and Change Architect, Stephen Parry at Lloyd Parry International and Carina Hatfield CPA, Senior Product Manager at Planview, to explore:
How to create an adaptive PMO that flexes to the speed of change
How to build a PMO that is responsive to the business need
How to promote executive confidence, even in times of uncertainty
How to create budgets, plans and resource maps that deliver the strategy but respond to the reality
How to partner with the business and become an Enterprise PMO
Cloudway Consulting Pvt Ltd Is a SAP Strategic Sourcing Consulting Company For SAP, SAP S4 Hana, SAP Ariba, SAP C4C, Success Factor and Business By Design for More Call us at +0120-4226511
Allied Consulting slide deck presenting opportunities for collaboration between technology and consulting firms. The deck talks about opportunities in Marketing, Sales, Supply chain optimization, HCM, and technology management.
More details on
http://www.alliedc.com/partnerships
BravoSolution - 10 Steps to Unlock the Power of ProcurementBravoSolution
In recent years, procurement professionals have witnessed dramatic changes to the procurement and supplier management function. Today’s business environment demands that procurement play a more strategic role in the organization with an emphasis on “unlocking the power of procurement” in order to meet the current—and future needs—of the business, stakeholders, customers and yes, even the suppliers.
The Collaboration Imperative in eProcurement – More than just Procurement and...SAP Ariba
While Procurement and IT may have historically struggled in the deployment and adoption of business initiatives, today’s increasingly-networked economy is making collaboration even more critical. However, rather than increasing the strain on this relationship, we are actually finding cloud technology offers new opportunities for collaboration and alignment inside of the corporate walls, as well as with global partners and suppliers.
In this session, explore some key lessons learned around leveraging a cloud strategy, increasing collaboration, and extending the business view to a more holistic level.
As corporations rely more and more on their supply chains to support product innovation and work efficiency and productivity, the role of procurement organizations has evolved from simply delivering cost savings to improving supplier performance, monitoring contracts, and proactively managing supply chain risk.
How to keep pace with changing technology and increase speed-to-value. In order to keep pace in a constantly evolving marketplace, organizations need a new model for sourcin IT services. Sourcing has become one of the most critical functions of the IT organization.
What is an invoice? A Quick Jaunt through the history of invoices.Tradeshift
What exactly is an invoice? Since the dawn of humanity, we've been cataloguing and counting items. See the past, present, and future of invoices as they pertain to global trade.
A Procurement Leaders Guide to Enabling Agility Tradeshift
As procurement organizations continue to evolve, success will increasingly depend on the ability to reinvent and adapt to rapidly changing and uncertain environments. Having both a stable foundation and a dynamic capability at the same time is critical. The Hackett Group has done extensive research on how world-class procurement organizations enable enterprise agility and drive greater business value—modernizing procurement to not only meet expectations, but surpass them.
Christopher Sawchuk, who leads Hacketts procurement practice will discuss:
-The attributes of agile enterprises and how agility drives success
-Why procurement executives’ priorities are shifting to quality of spend influence and supplier-led innovation
-How to leverage digital networks, master data management and analytics to enable this agility
Christian Lanng Delivers Keynote at ProcureCon Indirect WestTradeshift
What is the future of procurement? It's a lot more than cutting costs and adhering to process. With hyper competition and accelerating business, organizations will need to turn to their supply chain to to respond to change. See the future of procurement: a platform.
Joanna Martinez, CPO, Global Transformation Executive, & Founder at Supply Chain Advisors LLC, shares her best advice for procurement leaders. Content captured at the Tradeshift Digital Leadership Circle in New York City, June 22, 2016.
Santa is the greatest procurement expert of all time. But just how does he do it? If you want to avoid the naughty list, you'll watch his video to find out.
Executive Forum: Driving the Digital Supply Chain AgendaTradeshift
Senior Executives are the driving force behind innovation, transformation, and growth.
In this forum thought leaders and like-minded experts will discuss why digitizing and connecting the supply chain is becoming a necessity. One that will likely determine the future success of many businesses and the role of procurement, finance and supply chain.
Tradeshift Supplier Management - Live DemoTradeshift
With today’s complex global supply chains, changing regulations and compliance requirements, effective and holistic supplier management is no easy feat. Enterprises often deal with multiple disconnected systems, broken processes and disparate sources of supplier data.
Join this 45-minute live demo to learn how to:
- Ensure you’re in compliance with tax law, business regulations and trade sanctions–wherever in the world you do business
- Monitor risk continuously and receive real-time alerts in case of trouble
- Enable your suppliers to keep their data up-to-date, accurate, and complete
Procurement is broken, but fear not, help is on the way. Tradeshift outlines the top three procurement frustrations and prepares the world for what's next.
Overlooked issues in procure to-pay may 28-webinar vpa_v2Tradeshift
According to leading experts The Hackett Group and sharedserviceslink.com, there are three main areas that are often overlooked by finance, AP and procurement leaders when optimizing their P2P systems. See how these common oversights affect P2P performance, and how to stay ahead of the curve.
A Proactive Approach to Supplier OnboardingTradeshift
Our research shows that organizations that recognize having a dedicated supplier onboarding system as the foundation of an effective supplier management system reap massive downstream benefits.
Henry Ijams of PayStream Advisors and Vishal Patel of Tradeshift review the latest research on supplier onboarding, as well as a few truly impressive supplier onboarding processes utilized by early innovators.
The death of big business (as we know it)Tradeshift
What do Moore’s Law, 3D printing, self-driving cars, machine learning, and other disruptive technologies have to do with supply chains and procure to pay?
More than you’d think. Tradeshift CEO and Co-founder Christian Lanng connected the dots during his tour de force keynote at the Credit Suisse 18th Annual Asian Investment Conference in Hong Kong.
Businesses will need to come up with new strategies and models in order to survive and prosper in the new digital environment. But doing so by optimizing for cost and using legacy ERP systems is no longer enough. Now, the ability to continuously change is what really matters if your business is to survive the tectonic shifts underway.
Archer Daniels Midland: The Journey from 100% Paper to 100% DigitalTradeshift
Discover how this Fortune 50 agricultural giant is transforming its 100% paper-based AP & P2P departments into an automated, effective, value-adding machine! Nick Shields, Operations Supervisor, explains how & why ADM is innovating with Tradeshift, improving collaboration and transaction efficiency across their global supplier network.
AP Fiscal Year-End Close: A 10-Step ChecklistTradeshift
It’s that time of year again. For accounts payable professionals, along with CFOs, controllers, and corporate finance analysts, year-end is a whirlwind. Given all the internal and external reporting and audit requirements, you need access to timely, accurate, and consistent AP data. Your organization’s vital decisions depend upon it.
In this instructive 45-minute webinar, internal controls and compliance expert, Chris Doxey, will present strategic and tactical suggestions that you can use to deliver the best data and improve the fiscal closing process for your AP department. You’ll learn 10 steps to preventing duplicate efforts and unnecessary controls during the closing crunch.
This free educational event will leave you with a clearer understanding of the entire financial close process, including:
- Roles and responsibilities during the financial close
- Key metrics, controls, processes, and policies
- Properly accruing expenses, reconciling accounts, and dealing with reporting variances
NHS SBS chooses Tradeshift to cure supply chain headachesTradeshift
By partnering with Tradeshift, NHS SBS is taking a giant step forward to support the needs of thousands and thousands of SMBs. The project is the largest of its kind and delivers a free Tradeshift account to each of their 100,000+ suppliers, introducing them to online invoicing, early payment solutions, and a better way to get paid and manage their business.
Learn more: http://bit.ly/1sWIyrx
PHP Frameworks: I want to break free (IPC Berlin 2024)Ralf Eggert
In this presentation, we examine the challenges and limitations of relying too heavily on PHP frameworks in web development. We discuss the history of PHP and its frameworks to understand how this dependence has evolved. The focus will be on providing concrete tips and strategies to reduce reliance on these frameworks, based on real-world examples and practical considerations. The goal is to equip developers with the skills and knowledge to create more flexible and future-proof web applications. We'll explore the importance of maintaining autonomy in a rapidly changing tech landscape and how to make informed decisions in PHP development.
This talk is aimed at encouraging a more independent approach to using PHP frameworks, moving towards a more flexible and future-proof approach to PHP development.
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...Ramesh Iyer
In today's fast-changing business world, Companies that adapt and embrace new ideas often need help to keep up with the competition. However, fostering a culture of innovation takes much work. It takes vision, leadership and willingness to take risks in the right proportion. Sachin Dev Duggal, co-founder of Builder.ai, has perfected the art of this balance, creating a company culture where creativity and growth are nurtured at each stage.
Let's dive deeper into the world of ODC! Ricardo Alves (OutSystems) will join us to tell all about the new Data Fabric. After that, Sezen de Bruijn (OutSystems) will get into the details on how to best design a sturdy architecture within ODC.
Search and Society: Reimagining Information Access for Radical FuturesBhaskar Mitra
The field of Information retrieval (IR) is currently undergoing a transformative shift, at least partly due to the emerging applications of generative AI to information access. In this talk, we will deliberate on the sociotechnical implications of generative AI for information access. We will argue that there is both a critical necessity and an exciting opportunity for the IR community to re-center our research agendas on societal needs while dismantling the artificial separation between the work on fairness, accountability, transparency, and ethics in IR and the rest of IR research. Instead of adopting a reactionary strategy of trying to mitigate potential social harms from emerging technologies, the community should aim to proactively set the research agenda for the kinds of systems we should build inspired by diverse explicitly stated sociotechnical imaginaries. The sociotechnical imaginaries that underpin the design and development of information access technologies needs to be explicitly articulated, and we need to develop theories of change in context of these diverse perspectives. Our guiding future imaginaries must be informed by other academic fields, such as democratic theory and critical theory, and should be co-developed with social science scholars, legal scholars, civil rights and social justice activists, and artists, among others.
Connector Corner: Automate dynamic content and events by pushing a buttonDianaGray10
Here is something new! In our next Connector Corner webinar, we will demonstrate how you can use a single workflow to:
Create a campaign using Mailchimp with merge tags/fields
Send an interactive Slack channel message (using buttons)
Have the message received by managers and peers along with a test email for review
But there’s more:
In a second workflow supporting the same use case, you’ll see:
Your campaign sent to target colleagues for approval
If the “Approve” button is clicked, a Jira/Zendesk ticket is created for the marketing design team
But—if the “Reject” button is pushed, colleagues will be alerted via Slack message
Join us to learn more about this new, human-in-the-loop capability, brought to you by Integration Service connectors.
And...
Speakers:
Akshay Agnihotri, Product Manager
Charlie Greenberg, Host
Essentials of Automations: Optimizing FME Workflows with ParametersSafe Software
Are you looking to streamline your workflows and boost your projects’ efficiency? Do you find yourself searching for ways to add flexibility and control over your FME workflows? If so, you’re in the right place.
Join us for an insightful dive into the world of FME parameters, a critical element in optimizing workflow efficiency. This webinar marks the beginning of our three-part “Essentials of Automation” series. This first webinar is designed to equip you with the knowledge and skills to utilize parameters effectively: enhancing the flexibility, maintainability, and user control of your FME projects.
Here’s what you’ll gain:
- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
- Optimization Strategies in FME Flow: Explore the creation and strategic deployment of parameters in FME Flow, including the use of deployment and geometry parameters, to maximize workflow efficiency.
- Pro Tips for Success: Gain insights on parameterizing connections and leveraging new features like Conditional Visibility for clarity and simplicity.
We’ll wrap up with a glimpse into future webinars, followed by a Q&A session to address your specific questions surrounding this topic.
Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
"Impact of front-end architecture on development cost", Viktor TurskyiFwdays
I have heard many times that architecture is not important for the front-end. Also, many times I have seen how developers implement features on the front-end just following the standard rules for a framework and think that this is enough to successfully launch the project, and then the project fails. How to prevent this and what approach to choose? I have launched dozens of complex projects and during the talk we will analyze which approaches have worked for me and which have not.
Software Delivery At the Speed of AI: Inflectra Invests In AI-Powered QualityInflectra
In this insightful webinar, Inflectra explores how artificial intelligence (AI) is transforming software development and testing. Discover how AI-powered tools are revolutionizing every stage of the software development lifecycle (SDLC), from design and prototyping to testing, deployment, and monitoring.
Learn about:
• The Future of Testing: How AI is shifting testing towards verification, analysis, and higher-level skills, while reducing repetitive tasks.
• Test Automation: How AI-powered test case generation, optimization, and self-healing tests are making testing more efficient and effective.
• Visual Testing: Explore the emerging capabilities of AI in visual testing and how it's set to revolutionize UI verification.
• Inflectra's AI Solutions: See demonstrations of Inflectra's cutting-edge AI tools like the ChatGPT plugin and Azure Open AI platform, designed to streamline your testing process.
Whether you're a developer, tester, or QA professional, this webinar will give you valuable insights into how AI is shaping the future of software delivery.
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
Smart TV Buyer Insights Survey 2024 by 91mobiles.pdf91mobiles
91mobiles recently conducted a Smart TV Buyer Insights Survey in which we asked over 3,000 respondents about the TV they own, aspects they look at on a new TV, and their TV buying preferences.
Neuro-symbolic is not enough, we need neuro-*semantic*Frank van Harmelen
Neuro-symbolic (NeSy) AI is on the rise. However, simply machine learning on just any symbolic structure is not sufficient to really harvest the gains of NeSy. These will only be gained when the symbolic structures have an actual semantics. I give an operational definition of semantics as “predictable inference”.
All of this illustrated with link prediction over knowledge graphs, but the argument is general.
JMeter webinar - integration with InfluxDB and GrafanaRTTS
Watch this recorded webinar about real-time monitoring of application performance. See how to integrate Apache JMeter, the open-source leader in performance testing, with InfluxDB, the open-source time-series database, and Grafana, the open-source analytics and visualization application.
In this webinar, we will review the benefits of leveraging InfluxDB and Grafana when executing load tests and demonstrate how these tools are used to visualize performance metrics.
Length: 30 minutes
Session Overview
-------------------------------------------
During this webinar, we will cover the following topics while demonstrating the integrations of JMeter, InfluxDB and Grafana:
- What out-of-the-box solutions are available for real-time monitoring JMeter tests?
- What are the benefits of integrating InfluxDB and Grafana into the load testing stack?
- Which features are provided by Grafana?
- Demonstration of InfluxDB and Grafana using a practice web application
To view the webinar recording, go to:
https://www.rttsweb.com/jmeter-integration-webinar
2. | Confidential| Confidential
Agenda
• Key Priorities for CPOs
• Procurement Trends for the Future
• Age Old Challenges Across Source-to-Pay
• Source-to-Pay: Let’s Break it Down
• Recommendations for Lasting Collaboration
• Q&A
6. | Confidential
Priorities Depend on Your Level of Maturity
Source: Procurement Priorities depend on your Level of Maturity was from the Corporate Executive Board
7. | Confidential
Key Priorities
Articulating the
business case and
the burning platform
Building a high
performing team
True partnering
with the business
SRM and driving
innovation
Having a significant
impact on the
bottom line
Leveraging
technology to our
best advantage
8. | Confidential
Procurement Trends for the Future
Use of the cloud to
improve
collaboration
Self service within
the organization
Improvements in
eProcurement to
reduce cycle times,
increase
compliance….
Procurement
playing a bigger role
in driving
innovation and
becoming a partner
of choice
Use of AI for service,
data analytics, etc.
Keen focus on
reducing the risk of
data breaches
9. | Confidential
Supplier Relationship Management:
Collaboratively “enlarging the pie” for all
“At the time of commitment, no value has actually
been created. Post award management of supplier
performance, in all relevant dimensions—safety,
quality, delivery, and total cost—is essential to
realizing the value that strategic sourcing has made
available.”
Global Supply Chain Manager
BP Exploration
SRM
Governance
11. | Confidential
Basic Principles For SRM
● Single channel of communication and coordination
● Gear discussions to primary categories of impact generation
○ Innovation/strategic partnership/cost savings
○ Leveraging existing services not currently used
○ Drive growth
● Engage key BU executives, pre-wire by
○ Sharing company and BU goals and aspirations
○ Obtaining a similar level of information from supplier/partners
○ Focus on where both organizations can drive impact, share best practices
○ Line up participants based on agenda topics, including key decision makers
● Create “joint business plans” based on discussions
○ Joint selection of initiatives
13. | Confidential
Source-to-Pay - Ideal View
Spend
Analysis
Sourcing
Contract
Management
Procurement
Invoicing
&
Payment
Supplier
Management
Upstream
● Understand spend
● Strategic sourcing process for various
categories
● Contracts, preferred pricing, terms, etc
● Drive significant cost savings
● Book or reinvest those savings
Downstream
● Digitize transactions and processes
● Optimize spend, capture savings
● Monitor compliance to contracts
● Smarter buying decisions
● Process efficiency
Collaboration across process, internally and externally
Holistic supplier management throughout
14. | Confidential
Reality - Disconnected Processes & Information
Spend
Analysis
Sourcing
Contract
Management Procurement
Invoicing
&
Payment
Supplier
Management
● Spend data incompleteness and after the fact
● Sourcing - a lengthy process, only to have non-
compliance
● Where has all the innovation gone
● Maverick buying, off-contract buying still prevalent
● User experience still poor
● Invoicing process often not linked to procurement
● Supplier management often an afterthought
Limited Collaboration
15. | Confidential
Covering More Spend
Indirect
Spend
$1 Billion
37% ($370M)
Not influenced by
procurement
28% ($280M)
Spot Buying
Most solutions will largely be focused on this...
35% ($350M)
Strategic Sourcing
Spend
And maybe some of this
?
?
16. | Confidential
Challenge: Visibility
Manual & Legacy Sourcing
- Siloed data per group
- Version control
- No single source of truth
vs Collaboration
- Get everybody on the same page
- Project pipeline and alerts
- Elevated enterprise visibility
17. | Confidential
Challenge: Business Outcomes
Manual & Legacy Sourcing
- Time consuming
- Security risk (email, formula problems, etc.)
- Suppliers and contracts
vs Purpose Driven Impact
- Target & support strategic initiatives
- Reduced risk and compliance exposure
- Real-time view of all initiatives, metrics, and outcomes
19. | Confidential
“Spreadsheets bog down processes in many different
ways that have a noticeable impact on how long it
takes to get work done. They're fast and easy to set up,
but when they're used in collaborative, repetitive
enterprise processes, they become time wasters.
- Rob Kugel, Analyst, Ventana Research
20. | Confidential
Project Pipeline & Spend Analysis
Expedite time to value
• Optimize for success by identifying projects with the highest potential impact upstream
Elevate enterprise visibility
• Spotlight sourcing with custom dashboarding for better cross-functional visibility
Champion internal wins
• Report on wins effectively across the enterprise to build rapport with the lines of business
21. | Confidential
Sourcing: Organize - Systemize
Organize & template business process for speed to sourcing
• Make compliance simple with easily replicated models of success
• Eliminate overlap of process, job function & establish jr. training programs
Standardize processes
• Ensure consistency across regions & departments for shortened ramping
• Automate repeatable, resource-intense activities
Create a flexible & scalable sourcing system
• Deploy agile systems that allow teams to stay ahead of projects
• Continuously track & evaluate performance & adjust course accordingly
22. | Confidential
Contract Management
Better understand today’s and prior project investment decisions
• Enterprise-smart application that prioritizes data for maximum value
• Real-time contract notifications are sent to your team and stakeholders
• Set reminders to conduct business reviews to track performance against a contract
• No surprises! Your team has lead-time to complete a detailed RFx.
Understand enterprise needs to source the right opportunities to grow revenue
• Identify expiring contracts to build your RFx pipeline
• Strategic payoff: plan your team resources in advance to focus on the most value add contracts
• A collaborative platform “teaches” your stakeholders about your enterprise operations and
contract process
• Complete your planning, sourcing, and contract process in a native platform
• Prevent rework! Information flow through each Scout product
• Efficiency and speed
23. | Confidential
E-Procurement
• Remove the barriers and make buying
process simple and intuitive
• Allow for collaboration across
procurement, AP, employees,
managers, suppliers.
• Find solution for non-contracted
spend
24. | Confidential
AP Automation
Collaboration across AP and P2P
process is key
• Improve efficiency, cycle time
• Reduce errors, disputes
• Visibility for the business &
suppliers
Globally compliant
• E-invoicing regulations
• VAT
26. | Confidential
Recommendations
● Look for quick wins with stakeholder collaboration
● Think internally and externally
● Modern technologies allow you to implement and see ROI
in months not years
● Consider where collaboration can make an impact in S2P
Tony has more than 30 years of experience in supply management and finance at two highly respected Fortune 50 companies and started his professional career with Price Waterhouse in the audit department. As Chief Procurement Officer at WellPoint, Tony led the transformation, building the organization, processes and technology needed to meet the significant challenges Wellpoint faced. At Bristol-Myers Squibb, Tony was responsible for Global Sourcing & Supply Management. Prior to his supply management, Tony served as VP Finance and VP Financial Shared Services.
Stan Garber is Co-Founder of Scout RFP, a new breed, cloud-based strategic sourcing solution that allows organizations to make more informed purchasing decisions, faster. Prior to Scout, Stan Co-Founded ONOSYS, which was acquired by LivingSocial in 2012.
Tony
Tony
Tony
Tony
TONY -- I thought that this was an interesting graphic representation of three different ways of working with suppliers—SRM and driving innovation and input; supplier management or governance and lastly, signing the supply agreement and hoping for the best or what might be called “Not so benign neglect”.
You can see the dramatic difference in benefits derived from a well run SRM program, over simple governance and especially over Not so benign neglect.
TONY -- One aspect of an SRM program is holding supplier meetings where suppliers and their customers interact to innovate around a list of challenges and opportunities for their customers. Often, this takes the form of unstructured brainstorming. This chart shows a different approach used by Whirlpool where first Whirlpool evaluated their suppliers on their desire and capability to innovate. And then framed the areas of interest by Whirlpool in order to get more “shots on goal” or ideas that Whirlpool was interested in and would therefore pursue. I believe that the data ultimately showed that by using this approach, Whirlpool more than doubled the value that they got from their suppliers.
GE had another interesting approach to innovation. In a sense they valued ideas brought in from outside the company , more than internally developed ideas. The thinking was that if an idea was successful elsewhere, someone had kicked the tires and worked out the bugs.
TONY -- SRM needs to be a well coordinated process that has a long term focus. While cost savings may be the initial focus, more evolved SRM relationships move on to improving quality and cycle times, product innovation and even revenue generation, the holy grail.
Pre-planning for the event is critical. Both companies need to be prepared to share information about their goals, challenges, capabilities and key areas of focus. An agenda should be jointly developed and the appropriate resources from both parties should be scheduled to participate in the meetings. It is critical to involve key decision makers in order to get the right focus and resourcing for the ideas and projects that come out the meetings. This often results in the supplier winning business or recognizing new areas of investment for the future.
And most important, is to be clear about what will be done, quantifying the value of the ideas, committing the resources and then executing and tracking the progress.
So - source to pay or source to settle or upstream and downstream procurement...call it what you want. I think we would all agree that this is an ideal view of how it works.
Understand what/where you’re spending, enable a sourcing approach to address as much of this as possible, develop agreements, contracts with preferred suppliers and achieve savings. Try to figure out the accounting of those savings and hopefully invest some of these into areas of need.
On the downstream process...this ideally is where the savings are captured, transactions are digital and process is automated. Spend is optimized and compliance to contracts generates the savings. Great user experience makes procurement a partner rather than a roadblock.
Ideally - there is also collaboration throughout this process with the many many stakeholders involved from buyers, employees to procurement, suppliers, accounts payable, IT, finance.
Lastly, a big part of the process or at least very closely aligned with the process is supplier management.
The reality is this… it is a disconnected process and siloed information in many cases.
With spend analysis - often it is incomplete
Sourcing can be a very lengthy process, achieving a long term contract and terms...only to have often a high percentage of maverick spend.
And also for procurement - where has all the innovation gone...this is certainly something that has not been a traditional focus of procurement - but it should be.
And then you have a disconnected downstream process which itself can be siloed.
One of the oldest challenges in procurement really comes down to being able to influence more spend. As an example...take a company which has $1B in indirect spend….this is an example used by hackett. According to them…
And traditionally procurement solutions will tend to focus on this….maybe some of this...but have no way of addressing this.
Visibility is a huge problem in the process - as we just saw with the example many companies have spend happening in several parts of the business and procurement/sourcing are not in the loop on these types of purchases - we often fall back on a manual processes which causes the data to live within a few people’s inboxes.
To help drive visibility it’s critical to embrace collaboration. You want to bring the team together to have a constant flow of information. If we look at other parts of the business - marketing, sales, finance, HR, and others use tools and systems to get everybody on the same page and bring visibility to the enterprise.
Additionally, another big challenge we often hear about is a focus on business outcomes. Today it’s all about having access to data on-demand. If getting that information is extremely time consuming to the team or the information isn’t all in one spot - it can quickly impact business outcome and hurt the level of trust you’re building with the business partner.
Purpose driven impact is a phrase that we’ve started to hear in several companies. The idea is simply to focus on the business’ strategic initiatives and making sure those teams have access to real-time data so they can see what’s happening with their projects in a collaborative environment.
SCOUT
SCOUT
SCOUT
SCOUT
Lets face it - when comes to eprocurement, the technologies that most are used to is old and outdated. It is not easy to use and typically has very low adoption. Focus solutions that remove barriers and make buying a simple process and a collaborative process...as you can see on the right here. Collaboration is at the heart of successful relationships with suppliers and stakeholders, and we make it easy for buyers, suppliers, and employees to collaborate. When you have all of the constituents on one system, you can ask questions, exchange ideas, or resolve disputes throughout a process
Also, there are solutions that can help in targetting non-contracted spend...e.g., tradeshift can do this by using a virtual card.
And the last mile of the the source to pay process. This is really where you want to be efficient but also effective and collaboration in the invoicing process also is key to faster cycle times, resolving disputes, accurate supplier information. Of course this should be done in an digital format and fully compliant wherever you do business.