Richard Waugh, VP of Corporate Development at Zycus, presented on applying artificial intelligence for predictive procurement. Zycus offers a comprehensive source-to-pay suite that uses machine learning to clean master data, guide users through key decisions, and digitize the entire procurement process. AI can help classify spending data, guide requisitioning and sourcing, and automate repetitive tasks through robotic process automation. Benchmarking shows best-in-class companies realize significant savings through higher spend under management, faster contracting cycles, and lower transaction costs.
2018 key issues study for procurement leadersZycus
Despite an optimistic business outlook in 2018, procurement leaders are still wary about a range of risks with the potential to reduce margins, from access to critical talent to managing cyber-risk.
As per The Hackett Group annual Key Issues Study, procurement leaders indicate they are focused on deepening collaboration with suppliers to meet growth expectations and manage risk.
The development of a Best-in-Class P2P program takes, among other things, sponsorship, effort, collaboration, vision, expertise, and supporting technology infrastructure. Superior program design also remains a critical element in the speed and level of P2P excellence and financial agility that is ultimately achieved.
Hey Nineteen: Procurement’s Playbook for 2019Zycus
This video is a recording of the webcast “Hey Nineteen: Procurement’s Playbook for 2019“ that was hosted by Zycus in association with The Hackett Group and SIG. The webcast features a presentation by Christopher Sawchuk, The Hackett Group on the findings of the recent Hackett study “Procurement Key Issues 2019” and a case study presentation by Brittany Muirhead, Brookdale Senior Living on the application of “Assisted Sourcing” as a part of their digital transformation journey. The webcast also features insights from Richard Waugh, Zycus on application of technologies like AI, RPA in procurement for greater compliance, visibility and savings.
The Power of Partnering: Driving Source-to-Pay Success with Zycus Partner Con...Zycus
As a market-leading provider of Source-to-Pay (S2P) technology, Zycus Partner Connect Program is designed to create the winning formula that enables clients to implement successful Digital Transformation strategies for Source-to-Pay processes. The winning formula achieves superior client results, e.g. 1+1=3, by combining Zycus’ State-of-Art S2P software platform with Expert Partner Implementation Consulting resources. This webinar will provide potential Zycus partners with insights to:
• Zycus S2P software capabilities and key differentiators
• Client cases studies and partner success stories
• Zycus Partner Connect engagement model and support resources
• Next steps towards exploring the potential of aligning with Zycus for mutual success
The desire to become ‘trusted advisor’ to internal clients has become recognized as one of the keys to improving procurement performance and recognition within the organization. A recent survey has confirmed that, after cost reduction, improving procurement’s engagement with stakeholders is the most important priority for CPOs.
How can you increase stakeholders’ readiness to work collaboratively with procurement? How to engage stakeholder ‘clients’ – from ‘securing access’ to ‘making a good withdrawal’?
Have similar questions in your mind?
Procurement ai is artificial intelligence real in procurementZycus
Though the reality of AI in procurement is still debatable, one can’t deny the fact that human skills/human learning is a vital part of the AI puzzle. So what skills will one require to become a vital and relevant factor in AI-driven procurement practice?
This video is a recording of the webcast “Hey Nineteen: Procurement’s Playbook for 2019“ that was hosted by Zycus in association with The Hackett Group and SIG. The webcast features a presentation by Christopher Sawchuk, The Hackett Group on the findings of the recent Hackett study “Procurement Key Issues 2019” and a case study presentation by Brittany Muirhead, Brookdale Senior Living on the application of “Assisted Sourcing” as a part of their digital transformation journey. The webcast also features insights from Richard Waugh, Zycus on the application of technologies like AI, RPA in procurement for greater compliance, visibility, and savings.
Digital Reinvention: Understanding Procurement’s Importance In The Emerging D...Zycus
The impact of technological breakthroughs in the emerging digital age is significant not only for procurement but for the enterprise as a whole. The reason for this is that 70% of digital innovations in industry “are delivered through the supply chain.”
Despite the important role that an organization’s supply chain plays in digital success, a McKinsey study found that of the companies that participated in their survey, only 2 percent report that the supply chain is part of their “forward-looking digital strategies.”
This 2 percent revelation raises two very important questions:
1. Why despite its recognized importance to organizations regarding the realization of their digital objectives is procurement not even on the radar screen?
2. What can procurement professionals do to elevate its presence and influence in the emerging digital world?
Join Procurement Insights’ Jon Hansen to answer these as well as other important questions regarding procurement’s digital reinvention along with the guest panel of industry thought leaders, Colin Cram & Rob Handfield who will talk about what must take place for you and your organization to digitally reinvent your future success.
2018 key issues study for procurement leadersZycus
Despite an optimistic business outlook in 2018, procurement leaders are still wary about a range of risks with the potential to reduce margins, from access to critical talent to managing cyber-risk.
As per The Hackett Group annual Key Issues Study, procurement leaders indicate they are focused on deepening collaboration with suppliers to meet growth expectations and manage risk.
The development of a Best-in-Class P2P program takes, among other things, sponsorship, effort, collaboration, vision, expertise, and supporting technology infrastructure. Superior program design also remains a critical element in the speed and level of P2P excellence and financial agility that is ultimately achieved.
Hey Nineteen: Procurement’s Playbook for 2019Zycus
This video is a recording of the webcast “Hey Nineteen: Procurement’s Playbook for 2019“ that was hosted by Zycus in association with The Hackett Group and SIG. The webcast features a presentation by Christopher Sawchuk, The Hackett Group on the findings of the recent Hackett study “Procurement Key Issues 2019” and a case study presentation by Brittany Muirhead, Brookdale Senior Living on the application of “Assisted Sourcing” as a part of their digital transformation journey. The webcast also features insights from Richard Waugh, Zycus on application of technologies like AI, RPA in procurement for greater compliance, visibility and savings.
The Power of Partnering: Driving Source-to-Pay Success with Zycus Partner Con...Zycus
As a market-leading provider of Source-to-Pay (S2P) technology, Zycus Partner Connect Program is designed to create the winning formula that enables clients to implement successful Digital Transformation strategies for Source-to-Pay processes. The winning formula achieves superior client results, e.g. 1+1=3, by combining Zycus’ State-of-Art S2P software platform with Expert Partner Implementation Consulting resources. This webinar will provide potential Zycus partners with insights to:
• Zycus S2P software capabilities and key differentiators
• Client cases studies and partner success stories
• Zycus Partner Connect engagement model and support resources
• Next steps towards exploring the potential of aligning with Zycus for mutual success
The desire to become ‘trusted advisor’ to internal clients has become recognized as one of the keys to improving procurement performance and recognition within the organization. A recent survey has confirmed that, after cost reduction, improving procurement’s engagement with stakeholders is the most important priority for CPOs.
How can you increase stakeholders’ readiness to work collaboratively with procurement? How to engage stakeholder ‘clients’ – from ‘securing access’ to ‘making a good withdrawal’?
Have similar questions in your mind?
Procurement ai is artificial intelligence real in procurementZycus
Though the reality of AI in procurement is still debatable, one can’t deny the fact that human skills/human learning is a vital part of the AI puzzle. So what skills will one require to become a vital and relevant factor in AI-driven procurement practice?
This video is a recording of the webcast “Hey Nineteen: Procurement’s Playbook for 2019“ that was hosted by Zycus in association with The Hackett Group and SIG. The webcast features a presentation by Christopher Sawchuk, The Hackett Group on the findings of the recent Hackett study “Procurement Key Issues 2019” and a case study presentation by Brittany Muirhead, Brookdale Senior Living on the application of “Assisted Sourcing” as a part of their digital transformation journey. The webcast also features insights from Richard Waugh, Zycus on the application of technologies like AI, RPA in procurement for greater compliance, visibility, and savings.
Digital Reinvention: Understanding Procurement’s Importance In The Emerging D...Zycus
The impact of technological breakthroughs in the emerging digital age is significant not only for procurement but for the enterprise as a whole. The reason for this is that 70% of digital innovations in industry “are delivered through the supply chain.”
Despite the important role that an organization’s supply chain plays in digital success, a McKinsey study found that of the companies that participated in their survey, only 2 percent report that the supply chain is part of their “forward-looking digital strategies.”
This 2 percent revelation raises two very important questions:
1. Why despite its recognized importance to organizations regarding the realization of their digital objectives is procurement not even on the radar screen?
2. What can procurement professionals do to elevate its presence and influence in the emerging digital world?
Join Procurement Insights’ Jon Hansen to answer these as well as other important questions regarding procurement’s digital reinvention along with the guest panel of industry thought leaders, Colin Cram & Rob Handfield who will talk about what must take place for you and your organization to digitally reinvent your future success.
What Source-to-Pay Leaders Need to Know About Robotic Process Automation Zycus
Need more insights?
An On-Demand Webinar on the topic "What Source-to-Pay Leaders Need to Know About Robotic Process Automation?" can be accessed here: http://zyc.us/2Cf9ZNl
According to a Wall Street Journal survey of CPO's in 2017, the "deployment of automation and robotics within their function will steadily increase". Specifically, 50% of respondents said their procurement teams "make some use of these technologies" today, but expect usage to rise to 93% by 2025." Driving this transformation to a more streamlined procurement process utilizing innovations such as Robotic Process Automation or RPA is the need to free up humans from mundane and repetitive tasks so that we can focus on more strategic endeavors.
In this presentation, Procurement Insights' Jon Hansen will focus on answering the following three critical questions regarding the advent of RPA:
What is Robotic Process Automation?
How will RPA be used in the procurement process?
How will procurement benefit from RPA?
The pledge of Robotics Process Automation in the S2P Space
Impact on the Purchase to Pay process
This presentation will address key P2P trends within the overall Procurement landscape. Whether it is the buzz around robotic technology, digital transformation or IoT, understanding trends in P2P becomes more valuable when seen in a business context.
• Trends reinventing Procure-to-Pay in 2018
• Best practices defining vendor management, savings maximization, procurement and invoicing automation, catalog management and technological integrations
• How procurement leaders should interpret these trends in their business contexts
• How to plan and take action ahead of a procurement transformation
2018 Key Issues Study
Need more insights on this topic? An On-Demand Webinar on the topic "2018 Key Issues Study" can be accessed here: http://zyc.us/2FalvaE
About the presentation:
Despite an optimistic business outlook in 2018, procurement leaders are still wary about a range of risks with the potential to reduce margins, from access to critical talent to managing cyber-risk.
As per The Hackett Group annual Key Issues Study, procurement leaders indicate they are focused on deepening collaboration with suppliers to meet growth expectations and manage risk.
This presentation will cover the findings from The Hackett Group’s 2018 procurement key issues survey. You can:
1. Understand the reason for efficiency and productivity gap in the department and how to mitigate it
2. Learn how can procurement transform its operations to achieve a higher level of quality and responsiveness
3. Know about the latest technology adoption trends and strategic initiatives specific to building a digital transformation framework.
Beyond trends: The top 10 transformational realities redefining procurementZycus
In this on-demand webinar, hosted by Zycus and EBG Network, is an international panel of industry experts. The webinar features a presentation by Jon Hansen of Procurement Insights’, who discusses with the panel, about the top ten procurement trends for 2019 before zeroing in on the three specific areas that will have the greatest impact on procurement professionals right now and for the foreseeable future.
Need more insights? An On-Demand Webinar on the topic “Branding Procurement” can be accessed here: http://zyc.us/2GmSwSA
Branding Procurement
As someone who has been in the supply world for more years than I would care to admit, the old Rodney Dangerfield lament about getting no respect was second only to the "we want a seat at the table" refrain.
While the profession as a whole had made some advancements beyond the days when CFOs considered our enterprise contributions to be either minimal or non-existent, it is still safe to say that we procurement professionals have not properly branded ourselves and the value we bring to our organizations.
"Some executives used to think of procurement as the place you send staff away in order to never see them again." - Leading Procurement Strategy, Carlos Mena, Remko van Hoek, Martin Christopher
In this presentation, (sponsored by Zycus), have a look at where procurement as a profession was, where are they today, and what they have to do to realize their full potential in the future.
3 part framework for procurement talent transformationZycus
There is nothing new about the idea that procurement is standing on the verge of a talent catastrophe. Processes and technology are evolving at an accelerating rate, distributed buyers are more capable of independence every day, and non-traditional work models (i.e. the gig economy) mean that executive teams have an impressive range of resources at their fingertips – quickly and cost-effectively.
Love Your Sourcing Strategy by Letting it Go
Access this presentation where our expert speakers will guide you on how you can responsibly put sourcing into the hands of distributed buyers and empower them to select their suppliers and scale procurement’s impact.
Learn to:
1. To identify the most common fears procurement experiences in the wake of decentralized buying
2. To understand the root cause of those fears so they can be overcome
3. To articulate the advantages (for procurement and the enterprise) of effectively managed distributed buying
Raising the Bar in Procurement Through DigitizationZycus
As businesses across virtually every industry face pressure to remain on the cutting edge of technology to maintain competitive advantage, the role of today’s CPO is about going beyond the numbers.
View this presentation on "Raising the Bar in Procurement Through Digitalization" and learn how the procurement digitalization is driving significant improvements. Including:
1. Pointers for creating a digitalization roadmap
2. Success in digitizing business relationships with suppliers
3. A huge leap forward in procurement efficiency and control.
4. A dramatic improved invisibility and controls to identify savings and reduce the risk of fraud.
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.
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.
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.
E-Invoicing and AP automation come equipped with innumerable benefits and help save you money & increase efficiency.. But before taking the important step towards going paperless, there are countless factors to consider around areas likes top management’s approval, the best-fit solution provider, supplier adoption, the likely ROIs, training etc.
To successfully answer all these questions and ensure that an efficient change management strategy is in place, it is vital to know what stage of the E-Invoicing Maturity Curve your organization falls in. This presentation by Richard Waugh (VP Corporate Development, Zycus) will help you unearth answers to all the above questions along with providing insights into:
1. Current & future invoice-to-payment landscape
2. Improvements gained through automation
3. Stages of e-invoicing maturity and associated attributes
4. Characteristics of the best-in-class AP Organizations
5. Next steps to start AP automation transformation
WhiteBoard to Dashboard: Steps to implementing compliant and risk-free procur...Zycus
In this presentation, Procurement Insights' Jon Hansen and a panel of industry experts examine the challenges of implementing a risk management and compliance initiative, and how procurement professionals can collaboratively develop a sound and proactive go-to strategy for their organization.
As the saying goes, “If you're not the lead dog, the view never changes”. For Zycus which has once again been positioned as a “Leader” in the newly published Gartner Magic Quadrant for Strategic Sourcing Suite Vendors for 2018 – just as was the case for the previous three iterations in 2017, 2015, and 2013.
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
Addressing the Digital Transformation Mandate: A Middle Market Procurement Pe...Zycus
Need more insights? An On-Demand Webinar on the topic
"Addressing the Digital Transformation Mandate: A Middle Market Procurement Perspective" can be accessed here: http://zyc.us/2FJWCGx
Addressing the Digital Transformation Mandate: A Middle Market Procurement Perspective
Everywhere you turn today, there is discourse around the topic of digital transformation. But for many, there is no exact definition for what this means, how to execute it and its potential impacts. This is especially true for the middle market companies that may be more constrained in the resources they can dedicate to digital transformation initiatives. While pundits like to talk about the future, most are still scrambling to adapt and transform their businesses for meeting this new global mandate.
To shed some light on procurement’s digital transformation, Zycus will be joined by the Hackett Group for a discussion grounded on research based insights to help middle market companies get a better handle on the concerns and trends that differentiate them from larger organizations. Topics to be covered during this presentation include -
- Defining what digital transformation can mean for procurement
- Priorities noted by middle market organizations looking for transformation
- The value digital transformation can provide
- 5 Pillars for taking on the digital transformation mandate
Need more insights? An On-Demand Webinar on the topic “Branding Procurement” can be accessed here: http://zyc.us/2GmSwSA
Branding Procurement
As someone who has been in the supply world for more years than I would care to admit, the old Rodney Dangerfield lament about getting no respect was second only to the "we want a seat at the table" refrain.
While the profession as a whole had made some advancements beyond the days when CFOs considered our enterprise contributions to be either minimal or non-existent, it is still safe to say that we procurement professionals have not properly branded ourselves and the value we bring to our organizations.
"Some executives used to think of procurement as the place you send staff away in order to never see them again." - Leading Procurement Strategy, Carlos Mena, Remko van Hoek, Martin Christopher
In this presentation, (sponsored by Zycus), have a look at where procurement as a profession was, where are they today, and what they have to do to realize their full potential in the future.
What Source-to-Pay Leaders Need to Know About Robotic Process Automation Zycus
Need more insights?
An On-Demand Webinar on the topic "What Source-to-Pay Leaders Need to Know About Robotic Process Automation?" can be accessed here: http://zyc.us/2Cf9ZNl
According to a Wall Street Journal survey of CPO's in 2017, the "deployment of automation and robotics within their function will steadily increase". Specifically, 50% of respondents said their procurement teams "make some use of these technologies" today, but expect usage to rise to 93% by 2025." Driving this transformation to a more streamlined procurement process utilizing innovations such as Robotic Process Automation or RPA is the need to free up humans from mundane and repetitive tasks so that we can focus on more strategic endeavors.
In this presentation, Procurement Insights' Jon Hansen will focus on answering the following three critical questions regarding the advent of RPA:
What is Robotic Process Automation?
How will RPA be used in the procurement process?
How will procurement benefit from RPA?
The pledge of Robotics Process Automation in the S2P Space
Impact on the Purchase to Pay process
This presentation will address key P2P trends within the overall Procurement landscape. Whether it is the buzz around robotic technology, digital transformation or IoT, understanding trends in P2P becomes more valuable when seen in a business context.
• Trends reinventing Procure-to-Pay in 2018
• Best practices defining vendor management, savings maximization, procurement and invoicing automation, catalog management and technological integrations
• How procurement leaders should interpret these trends in their business contexts
• How to plan and take action ahead of a procurement transformation
2018 Key Issues Study
Need more insights on this topic? An On-Demand Webinar on the topic "2018 Key Issues Study" can be accessed here: http://zyc.us/2FalvaE
About the presentation:
Despite an optimistic business outlook in 2018, procurement leaders are still wary about a range of risks with the potential to reduce margins, from access to critical talent to managing cyber-risk.
As per The Hackett Group annual Key Issues Study, procurement leaders indicate they are focused on deepening collaboration with suppliers to meet growth expectations and manage risk.
This presentation will cover the findings from The Hackett Group’s 2018 procurement key issues survey. You can:
1. Understand the reason for efficiency and productivity gap in the department and how to mitigate it
2. Learn how can procurement transform its operations to achieve a higher level of quality and responsiveness
3. Know about the latest technology adoption trends and strategic initiatives specific to building a digital transformation framework.
Beyond trends: The top 10 transformational realities redefining procurementZycus
In this on-demand webinar, hosted by Zycus and EBG Network, is an international panel of industry experts. The webinar features a presentation by Jon Hansen of Procurement Insights’, who discusses with the panel, about the top ten procurement trends for 2019 before zeroing in on the three specific areas that will have the greatest impact on procurement professionals right now and for the foreseeable future.
Need more insights? An On-Demand Webinar on the topic “Branding Procurement” can be accessed here: http://zyc.us/2GmSwSA
Branding Procurement
As someone who has been in the supply world for more years than I would care to admit, the old Rodney Dangerfield lament about getting no respect was second only to the "we want a seat at the table" refrain.
While the profession as a whole had made some advancements beyond the days when CFOs considered our enterprise contributions to be either minimal or non-existent, it is still safe to say that we procurement professionals have not properly branded ourselves and the value we bring to our organizations.
"Some executives used to think of procurement as the place you send staff away in order to never see them again." - Leading Procurement Strategy, Carlos Mena, Remko van Hoek, Martin Christopher
In this presentation, (sponsored by Zycus), have a look at where procurement as a profession was, where are they today, and what they have to do to realize their full potential in the future.
3 part framework for procurement talent transformationZycus
There is nothing new about the idea that procurement is standing on the verge of a talent catastrophe. Processes and technology are evolving at an accelerating rate, distributed buyers are more capable of independence every day, and non-traditional work models (i.e. the gig economy) mean that executive teams have an impressive range of resources at their fingertips – quickly and cost-effectively.
Love Your Sourcing Strategy by Letting it Go
Access this presentation where our expert speakers will guide you on how you can responsibly put sourcing into the hands of distributed buyers and empower them to select their suppliers and scale procurement’s impact.
Learn to:
1. To identify the most common fears procurement experiences in the wake of decentralized buying
2. To understand the root cause of those fears so they can be overcome
3. To articulate the advantages (for procurement and the enterprise) of effectively managed distributed buying
Raising the Bar in Procurement Through DigitizationZycus
As businesses across virtually every industry face pressure to remain on the cutting edge of technology to maintain competitive advantage, the role of today’s CPO is about going beyond the numbers.
View this presentation on "Raising the Bar in Procurement Through Digitalization" and learn how the procurement digitalization is driving significant improvements. Including:
1. Pointers for creating a digitalization roadmap
2. Success in digitizing business relationships with suppliers
3. A huge leap forward in procurement efficiency and control.
4. A dramatic improved invisibility and controls to identify savings and reduce the risk of fraud.
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.
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.
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.
E-Invoicing and AP automation come equipped with innumerable benefits and help save you money & increase efficiency.. But before taking the important step towards going paperless, there are countless factors to consider around areas likes top management’s approval, the best-fit solution provider, supplier adoption, the likely ROIs, training etc.
To successfully answer all these questions and ensure that an efficient change management strategy is in place, it is vital to know what stage of the E-Invoicing Maturity Curve your organization falls in. This presentation by Richard Waugh (VP Corporate Development, Zycus) will help you unearth answers to all the above questions along with providing insights into:
1. Current & future invoice-to-payment landscape
2. Improvements gained through automation
3. Stages of e-invoicing maturity and associated attributes
4. Characteristics of the best-in-class AP Organizations
5. Next steps to start AP automation transformation
WhiteBoard to Dashboard: Steps to implementing compliant and risk-free procur...Zycus
In this presentation, Procurement Insights' Jon Hansen and a panel of industry experts examine the challenges of implementing a risk management and compliance initiative, and how procurement professionals can collaboratively develop a sound and proactive go-to strategy for their organization.
As the saying goes, “If you're not the lead dog, the view never changes”. For Zycus which has once again been positioned as a “Leader” in the newly published Gartner Magic Quadrant for Strategic Sourcing Suite Vendors for 2018 – just as was the case for the previous three iterations in 2017, 2015, and 2013.
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
Addressing the Digital Transformation Mandate: A Middle Market Procurement Pe...Zycus
Need more insights? An On-Demand Webinar on the topic
"Addressing the Digital Transformation Mandate: A Middle Market Procurement Perspective" can be accessed here: http://zyc.us/2FJWCGx
Addressing the Digital Transformation Mandate: A Middle Market Procurement Perspective
Everywhere you turn today, there is discourse around the topic of digital transformation. But for many, there is no exact definition for what this means, how to execute it and its potential impacts. This is especially true for the middle market companies that may be more constrained in the resources they can dedicate to digital transformation initiatives. While pundits like to talk about the future, most are still scrambling to adapt and transform their businesses for meeting this new global mandate.
To shed some light on procurement’s digital transformation, Zycus will be joined by the Hackett Group for a discussion grounded on research based insights to help middle market companies get a better handle on the concerns and trends that differentiate them from larger organizations. Topics to be covered during this presentation include -
- Defining what digital transformation can mean for procurement
- Priorities noted by middle market organizations looking for transformation
- The value digital transformation can provide
- 5 Pillars for taking on the digital transformation mandate
Need more insights? An On-Demand Webinar on the topic “Branding Procurement” can be accessed here: http://zyc.us/2GmSwSA
Branding Procurement
As someone who has been in the supply world for more years than I would care to admit, the old Rodney Dangerfield lament about getting no respect was second only to the "we want a seat at the table" refrain.
While the profession as a whole had made some advancements beyond the days when CFOs considered our enterprise contributions to be either minimal or non-existent, it is still safe to say that we procurement professionals have not properly branded ourselves and the value we bring to our organizations.
"Some executives used to think of procurement as the place you send staff away in order to never see them again." - Leading Procurement Strategy, Carlos Mena, Remko van Hoek, Martin Christopher
In this presentation, (sponsored by Zycus), have a look at where procurement as a profession was, where are they today, and what they have to do to realize their full potential in the future.
Getting Internet of Things (IoT) Ready for ProcurementZycus
Need more insights? An On-Demand Webinar on the topic "Getting internet of things (IoT) ready for procurement"
can be accessed here: http://zyc.us/2negypM
Getting Internet of Things (IoT) Ready for Procurement
Whenever there is a discussion regarding the Internet of Things (IoT), the "transformation of digital workspaces and the creation of intelligent spaces" is one of the key phrases used to describe the impact. Everything from smart cities to self-registering hotels and intelligent agricultural water consumption management, we are indeed entering an era of unparalleled technological advancement.
But against this backdrop of Star Wars-like tech wizardry what is the impact of IoT on the procurement world, and more specifically, procurement professionals?
With Gartner predicting that more than 50% of new business processes will incorporate some form of IoT by 2020, this is an essential question for which we need answers today.
In this presentation, our panelists will examine the areas of practical impact that IoT will have on how our supply chains will work, and what you will need to do to become IoT ready.
The relationship and communication between the CPO and CFO in any organization is critically important. In this 'must-see' presentation we review the activities of the Procure- to-Pay Process and the value that has been generated by ISS Group for the QAD community utilizing the ISSG iPurchase™ (PO Requisitions utilizing a highly Advanced Approval Workflow Engine), and iVoucher™ (AP Automation) Solutions that transform and digitize those activities, controlling Maverick spend, instilling Policies and Compliance and streamlining the entire AP department.
Success Measurement: Measuring the Value and Performance of Your Source-to-Pa...SAP Ariba
Research consistently shows that companies with defined source-to-pay strategies (including robust value and performance management) not only consistently outperform their peers in the industry, but also—and perhaps more importantly—drive recognized value within their organization. Come spend 75 minutes with us to gain insights into how to establish a value framework and options for measuring your strategy. We’ll delve into how to maintain executive sponsorship, metrics that matter—by solution, and discuss the SAP Ariba free benchmark program available to all customers, which provides actionable data for your program.
Cognitive Procurement Masterclass with IBM - SID 51774SAP Ariba
Understand how SAP Ariba solutions enabled by IBM Watson are shaping the future of cognitive procurement. In this session, we go deep into cognitive procurement use cases and share how you can unlock value in your business. Learn how your organization can transform from seeking process standardization and simplification to building automation and intelligence in its source-to-settle platform. Find out how you can achieve greater efficiency and savings and better risk management.
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.
Driving Continuous Improvement & Value in Your Spend Management Initiative | ...SAP Ariba
A wise man once said Spend Management is a journey not a destination. Achieving sustained year-on-year benefits in your spend management initiative calls for a balancing act across multiple fronts – analytics, sourcing, contracts, suppliers and operational procurement. Your company may have achieved some early returns in sourcing savings or procurement compliance. But how do you keep the momentum going?
In this session, we will explore how a truly integrated source-to-settle process offers a tremendous ROI, with spend analysis driving effective sourcing, well-managed suppliers, and contracts compliantly purchased off of. You’ll learn how a successful journey begins with the vision and a solid business case, and continues through effective deployment of technology and the necessary process change management.
The Holistic Benefit of a Networked Ecosystem – The Real-World ProofSAP Ariba
When multiple businesses in the same ecosystem come together to create greater efficiencies, everyone wins. In this enlightening session we will look at how billions of dollars of business can be optimized in the most unexpected of fashions. We will hear of real-world results such as:
• The effects of impacting $4 Billion in annual spend
• Keys to reducing invoice processing costs 40%
• Secrets to managing over 6 Million invoices per year
For those looking to understand the keys of a scalable ecosystem, this session will proved guidance and insights from several real-world success stories.
Collaborating to Achieve Seamless Source to Pay in 2017Tradeshift
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
Integrated Direct Procurement Made Easier with SAP and SAP Ariba SolutionsSAP Ariba
Many organizations continue to look for ways to improve direct materials procurement. Transforming direct procurement requires new capabilities for supply chain visibility, real-time collaboration, and advance sourcing. Join Deloitte for a discussion on how to deliver those capabilities through an integrated approach that leverages SAP Ariba solutions and other SAP offerings.
What Your Spend Data Is Telling You and Why It’s Worth ListeningSAP Ariba
Data is the "new oil." Spend data can unlock hidden opportunities to maximize savings, improve compliance, and mitigate supply chain risks. Without proper visibility into spend, suppliers, or market information, sourcing and procurement decisions can run counter to business objectives. Comprehensive visibility is the stepping stone to effective spend management. This session shares customer success stories and best practice insights to help you get the most from spend analytics initiatives.
What Your Spend Data Is Telling You and Why It’s Worth ListeningSAP Ariba
Data is the "new oil." Spend data can unlock hidden opportunities to maximize savings, improve compliance, and mitigate supply chain risks. Without proper visibility into spend, suppliers, or market information, sourcing and procurement decisions can run counter to business objectives. Comprehensive visibility is the stepping stone to effective spend management. This session shares customer success stories and best practice insights to help you get the most from spend analytics initiatives.
As the IT footprint expands in the organization, CIOs budgets keep growing, some having multi-billion annual budgets in the case of large organizations.
CXOs require CIOs to provide cost transparency, control, as well as cost optimization and efficiency. We offer a unique combination of consulting service and an application to enhance your visibility on IT costs and ease communication.
The Brexit Effect: Understanding Brexit and It’s Impact on ProcurementZycus
Need more insights? An On-Demand Webinar on the topic "The Brexit Effect: Understanding Brexit and It’s Impact on Procurement" can be accessed here: http://zyc.us/2IneHZh
The Brexit Effect: Understanding Brexit And Its Impact On Procurement:
When the UK submitted its Article 50 letter to the European Commission, a lot of events were set in motion that can’t be stopped now unless there is a significant agreement between the two governments.
Procurement law will not disappear upon Brexit but might just get more interesting.
This deck will help you to understand:
Impact of Brexit on supplier risk assessment and management
Influence of trade tariffs on cost
Increasing demand for procurement talent
Importance of rebuilding the supply networks
As #procurement transformation is building up with technologies like #BlockChain and #RPA, the role of a #CPO is undergoing a transformation as well. Here's how we see it:
top nidhi software solution freedownloadvrstrong314
This presentation emphasizes the importance of data security and legal compliance for Nidhi companies in India. It highlights how online Nidhi software solutions, like Vector Nidhi Software, offer advanced features tailored to these needs. Key aspects include encryption, access controls, and audit trails to ensure data security. The software complies with regulatory guidelines from the MCA and RBI and adheres to Nidhi Rules, 2014. With customizable, user-friendly interfaces and real-time features, these Nidhi software solutions enhance efficiency, support growth, and provide exceptional member services. The presentation concludes with contact information for further inquiries.
Paketo Buildpacks : la meilleure façon de construire des images OCI? DevopsDa...Anthony Dahanne
Les Buildpacks existent depuis plus de 10 ans ! D’abord, ils étaient utilisés pour détecter et construire une application avant de la déployer sur certains PaaS. Ensuite, nous avons pu créer des images Docker (OCI) avec leur dernière génération, les Cloud Native Buildpacks (CNCF en incubation). Sont-ils une bonne alternative au Dockerfile ? Que sont les buildpacks Paketo ? Quelles communautés les soutiennent et comment ?
Venez le découvrir lors de cette session ignite
Prosigns: Transforming Business with Tailored Technology SolutionsProsigns
Unlocking Business Potential: Tailored Technology Solutions by Prosigns
Discover how Prosigns, a leading technology solutions provider, partners with businesses to drive innovation and success. Our presentation showcases our comprehensive range of services, including custom software development, web and mobile app development, AI & ML solutions, blockchain integration, DevOps services, and Microsoft Dynamics 365 support.
Custom Software Development: Prosigns specializes in creating bespoke software solutions that cater to your unique business needs. Our team of experts works closely with you to understand your requirements and deliver tailor-made software that enhances efficiency and drives growth.
Web and Mobile App Development: From responsive websites to intuitive mobile applications, Prosigns develops cutting-edge solutions that engage users and deliver seamless experiences across devices.
AI & ML Solutions: Harnessing the power of Artificial Intelligence and Machine Learning, Prosigns provides smart solutions that automate processes, provide valuable insights, and drive informed decision-making.
Blockchain Integration: Prosigns offers comprehensive blockchain solutions, including development, integration, and consulting services, enabling businesses to leverage blockchain technology for enhanced security, transparency, and efficiency.
DevOps Services: Prosigns' DevOps services streamline development and operations processes, ensuring faster and more reliable software delivery through automation and continuous integration.
Microsoft Dynamics 365 Support: Prosigns provides comprehensive support and maintenance services for Microsoft Dynamics 365, ensuring your system is always up-to-date, secure, and running smoothly.
Learn how our collaborative approach and dedication to excellence help businesses achieve their goals and stay ahead in today's digital landscape. From concept to deployment, Prosigns is your trusted partner for transforming ideas into reality and unlocking the full potential of your business.
Join us on a journey of innovation and growth. Let's partner for success with Prosigns.
Large Language Models and the End of ProgrammingMatt Welsh
Talk by Matt Welsh at Craft Conference 2024 on the impact that Large Language Models will have on the future of software development. In this talk, I discuss the ways in which LLMs will impact the software industry, from replacing human software developers with AI, to replacing conventional software with models that perform reasoning, computation, and problem-solving.
TROUBLESHOOTING 9 TYPES OF OUTOFMEMORYERRORTier1 app
Even though at surface level ‘java.lang.OutOfMemoryError’ appears as one single error; underlyingly there are 9 types of OutOfMemoryError. Each type of OutOfMemoryError has different causes, diagnosis approaches and solutions. This session equips you with the knowledge, tools, and techniques needed to troubleshoot and conquer OutOfMemoryError in all its forms, ensuring smoother, more efficient Java applications.
Exploring Innovations in Data Repository Solutions - Insights from the U.S. G...Globus
The U.S. Geological Survey (USGS) has made substantial investments in meeting evolving scientific, technical, and policy driven demands on storing, managing, and delivering data. As these demands continue to grow in complexity and scale, the USGS must continue to explore innovative solutions to improve its management, curation, sharing, delivering, and preservation approaches for large-scale research data. Supporting these needs, the USGS has partnered with the University of Chicago-Globus to research and develop advanced repository components and workflows leveraging its current investment in Globus. The primary outcome of this partnership includes the development of a prototype enterprise repository, driven by USGS Data Release requirements, through exploration and implementation of the entire suite of the Globus platform offerings, including Globus Flow, Globus Auth, Globus Transfer, and Globus Search. This presentation will provide insights into this research partnership, introduce the unique requirements and challenges being addressed and provide relevant project progress.
Software Engineering, Software Consulting, Tech Lead.
Spring Boot, Spring Cloud, Spring Core, Spring JDBC, Spring Security,
Spring Transaction, Spring MVC,
Log4j, REST/SOAP WEB-SERVICES.
Check out the webinar slides to learn more about how XfilesPro transforms Salesforce document management by leveraging its world-class applications. For more details, please connect with sales@xfilespro.com
If you want to watch the on-demand webinar, please click here: https://www.xfilespro.com/webinars/salesforce-document-management-2-0-smarter-faster-better/
Quarkus Hidden and Forbidden ExtensionsMax Andersen
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Come join this talk to see some tips and tricks for using Quarkus and some of the lesser known features, extensions and development techniques.
Accelerate Enterprise Software Engineering with PlatformlessWSO2
Key takeaways:
Challenges of building platforms and the benefits of platformless.
Key principles of platformless, including API-first, cloud-native middleware, platform engineering, and developer experience.
How Choreo enables the platformless experience.
How key concepts like application architecture, domain-driven design, zero trust, and cell-based architecture are inherently a part of Choreo.
Demo of an end-to-end app built and deployed on Choreo.
Modern design is crucial in today's digital environment, and this is especially true for SharePoint intranets. The design of these digital hubs is critical to user engagement and productivity enhancement. They are the cornerstone of internal collaboration and interaction within enterprises.
Designing for Privacy in Amazon Web ServicesKrzysztofKkol1
Data privacy is one of the most critical issues that businesses face. This presentation shares insights on the principles and best practices for ensuring the resilience and security of your workload.
Drawing on a real-life project from the HR industry, the various challenges will be demonstrated: data protection, self-healing, business continuity, security, and transparency of data processing. This systematized approach allowed to create a secure AWS cloud infrastructure that not only met strict compliance rules but also exceeded the client's expectations.
Enhancing Research Orchestration Capabilities at ORNL.pdfGlobus
Cross-facility research orchestration comes with ever-changing constraints regarding the availability and suitability of various compute and data resources. In short, a flexible data and processing fabric is needed to enable the dynamic redirection of data and compute tasks throughout the lifecycle of an experiment. In this talk, we illustrate how we easily leveraged Globus services to instrument the ACE research testbed at the Oak Ridge Leadership Computing Facility with flexible data and task orchestration capabilities.
Multiple Your Crypto Portfolio with the Innovative Features of Advanced Crypt...Hivelance Technology
Cryptocurrency trading bots are computer programs designed to automate buying, selling, and managing cryptocurrency transactions. These bots utilize advanced algorithms and machine learning techniques to analyze market data, identify trading opportunities, and execute trades on behalf of their users. By automating the decision-making process, crypto trading bots can react to market changes faster than human traders
Hivelance, a leading provider of cryptocurrency trading bot development services, stands out as the premier choice for crypto traders and developers. Hivelance boasts a team of seasoned cryptocurrency experts and software engineers who deeply understand the crypto market and the latest trends in automated trading, Hivelance leverages the latest technologies and tools in the industry, including advanced AI and machine learning algorithms, to create highly efficient and adaptable crypto trading bots
In software engineering, the right architecture is essential for robust, scalable platforms. Wix has undergone a pivotal shift from event sourcing to a CRUD-based model for its microservices. This talk will chart the course of this pivotal journey.
Event sourcing, which records state changes as immutable events, provided robust auditing and "time travel" debugging for Wix Stores' microservices. Despite its benefits, the complexity it introduced in state management slowed development. Wix responded by adopting a simpler, unified CRUD model. This talk will explore the challenges of event sourcing and the advantages of Wix's new "CRUD on steroids" approach, which streamlines API integration and domain event management while preserving data integrity and system resilience.
Participants will gain valuable insights into Wix's strategies for ensuring atomicity in database updates and event production, as well as caching, materialization, and performance optimization techniques within a distributed system.
Join us to discover how Wix has mastered the art of balancing simplicity and extensibility, and learn how the re-adoption of the modest CRUD has turbocharged their development velocity, resilience, and scalability in a high-growth environment.
A Comprehensive Look at Generative AI in Retail App Testing.pdfkalichargn70th171
Traditional software testing methods are being challenged in retail, where customer expectations and technological advancements continually shape the landscape. Enter generative AI—a transformative subset of artificial intelligence technologies poised to revolutionize software testing.
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Worried about document security while sharing them in Salesforce? Fret no more! Here are the top-notch security standards XfilesPro upholds to ensure strong security for your Salesforce documents while sharing with internal or external people.
To learn more, read the blog: https://www.xfilespro.com/how-does-xfilespro-make-document-sharing-secure-and-seamless-in-salesforce/
Innovating Inference - Remote Triggering of Large Language Models on HPC Clus...Globus
Large Language Models (LLMs) are currently the center of attention in the tech world, particularly for their potential to advance research. In this presentation, we'll explore a straightforward and effective method for quickly initiating inference runs on supercomputers using the vLLM tool with Globus Compute, specifically on the Polaris system at ALCF. We'll begin by briefly discussing the popularity and applications of LLMs in various fields. Following this, we will introduce the vLLM tool, and explain how it integrates with Globus Compute to efficiently manage LLM operations on Polaris. Attendees will learn the practical aspects of setting up and remotely triggering LLMs from local machines, focusing on ease of use and efficiency. This talk is ideal for researchers and practitioners looking to leverage the power of LLMs in their work, offering a clear guide to harnessing supercomputing resources for quick and effective LLM inference.
First Steps with Globus Compute Multi-User EndpointsGlobus
In this presentation we will share our experiences around getting started with the Globus Compute multi-user endpoint. Working with the Pharmacology group at the University of Auckland, we have previously written an application using Globus Compute that can offload computationally expensive steps in the researcher's workflows, which they wish to manage from their familiar Windows environments, onto the NeSI (New Zealand eScience Infrastructure) cluster. Some of the challenges we have encountered were that each researcher had to set up and manage their own single-user globus compute endpoint and that the workloads had varying resource requirements (CPUs, memory and wall time) between different runs. We hope that the multi-user endpoint will help to address these challenges and share an update on our progress here.
2. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay
Today’s Presenter – Richard Waugh, VP Corporate Development, Zycus
Extensive background in B2B e-commerce
Helped Launch GE's TPN, first on-line
Marketplace for Sourcing & Procurement
Industry Analyst in Supply Management
market for the Aberdeen Group
Co-Founder of B2eMarkets
First SaaS Sourcing Suite providers
3. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay
About Zycus – Comprehensive Source-to-Pay Suite
Recognized by Leading Analysts
4. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay
Machine Teaching – Apply AI for Predictive Procurement
01
Train your machines to clean
Master Data at the source by
leveraging AI to properly categorize
and classify transactional and
supplier-related data the first time,
and to learn more from the
exercise every time
02
Let AI Guide your users through
key decision-making processes for
better outcomes, a better user
experience, and better data
03
Digitize the entire Source-to-Pay
Process including “pockets of paper”:
• Incoming Request Management
• Tail Spend not under management
by Procurement
• Performance and Savings
Management tracking and reporting
04
Leverage RPA to automate
repetitive tasks – flawlessly
5. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay
Applying AI to Procurement Starts with Spend
“Vendors such as Zycus, SpendHQ and Coupa Spend360 are already
using machine learning to improve spend classification. The next step in
this area is to explore the predictive spend analytics that can further
improve the planning and prioritization of strategic sourcing activities.”
Source : Gartner : “Start Preparing Now for the Impact of AI on Procurement”
Train your machines to clean Master Data
at the source by leveraging AI to properly
categorize and classify transactional and
supplier-related data the first time, and to
learn more from the exercise every time
10. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay
AI suggests relevant categories
based on user’s natural language
search term and organizational
buying patterns
AI steers users to approved suppliers
and Buy/Pay channel for the category
AI Invokes category-specific
workflows, map to GL account and
default bill to/ship to based on user
profile
GUIDED BUYING
Key
Finding
AI-Enabled Guided Buying – Key to Better UX and Better Data
Let AI Guide your users
through key decision-
making processes for
better outcomes, a better
user experience, and better
data
11. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay
Key
Finding
AI-Enabled Guided Sourcing & Contracting – Better Decisions
“SmartAssist” Suggestions:
• Which Suppliers to Shortlist for Sourcing
• What Type of Negotiation Yields Best Results
• When Do I Need to Start Contract Process
• Which Clauses Need to Be Included
Let AI Guide your users through
key decision-making processes
for better outcomes, a better
user experience, and better data
12. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay
Digitize the Entire Source-to-Pay
Process including “pockets of
paper”
Sourcing
Spend
Analytics Contracts
Supplier
Management
eProcurement
Supplier
Performance
eInvoicing
Strategic
Operational
Request
Management
Digitized Source-to-Pay…Connected Dots, No Pockets of Paper
Financial Savings
Management
Non-Procurement
Managed Tail
Spend
14. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay
Benchmarking Digital Transformation
Requisition
Purchase
Order
Release
to Blanket
Order
PO
Change
Order
Invoice
Receipt
Payment
Full Automation – Digital Transformation Target
95–98%
Top
Performer
Peer
Source: Hackett Group P2P Performance Study 2017
% Electronic Transactions (Fully Automated Approval Workflow/Order Dispatch)
81%
79%
100%
66%
85%
100%
63%
28%
62%
28%33%
80%
15. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay
Best Practices for S2P Transformation Sequencing
Spend analysis E-Sourcing SBM
Map external spend
Negotiate Strategic
Agreements
Manage compliance
Manage Supplier
Relationships
Key Success Factors
• Identify and use data
from relevant
transaction systems
• Deduplicate and classify
• Assign ownership of
Key Success Factors
• Promote a culture of
control and
responsibility
• Involve stakeholders in
category plans, work
Key Success Factors
• Build a pipeline of cost
reduction opportunities
• Create a center of
excellence
• Make use of e-sourcing
mandatory
Key Success Factors
• Segment supplier base to
rightsize management
• Deploy solutions that
support supplier
collaboration
Source: Gartner “Best Practices for Sequencing Procurement Solution Investments”
17. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay
Best-in-Class Advantage – Source-to-Cash Cycle Time
Best-in-Class Achieve Higher NPV of
Savings Realized 42% Faster
Best-in-
Class
Industry
Average
45 Days Sourcing Cycle
75 Days
11 Days Contracting Cycle
22 Days
1 Days Order Cycle
2 Days
3 Days Invoice Cycle
5 Days60 Days
104 Days
RFX
Award
Contract
Order
Invoice
Pay
18. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay
Customer-Centric Procurement Teams Focus on User Experience
19. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay
Procurement Request Management Solutions
Reject inappropriate requests
eSourcing
Contract
Management
Project/
Savings
Management
Supplier
Management/
P2P
ProcurementApproverRequester
Sends
requests
Approves
requests
Manages and
Processes
Requests
Create Contract
Create Sourcing Event
Onboard a Supplier
Pre-purchase Request
Supplier Performance improvement
PO Amendment
Contract Amendment
Task Assignment
Initiating a Project
Price or terms change request by
Supplier
Configurable Flexiform
Configurable Approval Workflow
Conditional Logic / Rules
Calculated Fields
Delegation
Comprehensive Reporting
Process Use Cases
Features
20. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay
Automated request management and tracking triages procurement’s
work queue – empowers and engages end-users
Sophisticated, conditional approval workflows (>175 conditions, 4-5
approvals per form)
Conditional logic integrates IT security reviews with on-boarding
requests
Supports multiple request use cases, e.g. negotiate contract, run
sourcing project, on-board supplier, capital appropriation project
approval
Seamless process flow from request to execution – e.g. approved
request initiates activity in target module
Also supports non-procurement (Hotel, Facilities, HR, IT) requests
Extending
Beyond
Procurement
Users
Integrating
Business
Processes
Customer-
Centric
iRequest - Porsche
Customer-Centric Case Study: Request Management
21. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay
• Focus Sourcing FTEs
• Collaborate Globally
• Standardize Process
• Self-Service Sourcing
• Ensure Compliance
• Standardize Process
Customer-Centric Doesn’t Mean All Customers are Equal
22. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay
Standardized, Self-Service Tail Spend Sourcing
Tactical, Spot Buys – 3 Bids & Buy
Create and Invite New Suppliers on the Fly
Create RFQ Inquiry on Single Screen
23. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay
Financial Savings Management Challenges/Solutions
Challenges
• Most organizations tracking with spreadsheets/home-
grown tools
• Existing tools lack Finance collaboration and approval
workflow
• No standard definition of savings calculation and allocation
methods exists, and lifecycle tracking visibility is missing
Solution
Align:
• Import baseline spend from
Spend Analytics
• Establish Finance-approved
spend baseline and savings
calculation formulae on
common, enterprise platform
Validate:
• Employ workflow to obtain
validation from stakeholders
• Map savings projects to
stakeholders and approvers
Analyze:
• Segregate savings by type,
e.g. cost reduction vs.
avoidance, and accounting
period
• Identify savings by
project/sourcing strategy
• Map savings impact to P&L,
Balance Sheet, Cash Flow
Source: Gartner/Rutgers Survey
24. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay
Case Study: Financial Savings Management
600+
Savings Projects Initiated
$40-50M
Annual Incremental Savings Realized To Date
000’s of Users
40 Power Users Create Savings Projects and Collaborate with
000’s of Stakeholders (600 Financial Analysts Alone)
25% Productivity Gain
Category Managers Save 2 Hours per Day from Data Gathering
Tasks
Single Version of Savings Truth
Standardized calculation/allocation formulae
Full audit trail and version control
Secure user access by BU/Div/Dept/Cat
Fx conversion and multi-lingual UI
Flexible/multiple savings types/definitions
Approval workflow sign-off by budget owner and Finance
Dashboard analytics and Financial Statement impact reporting:
P&L/Budget/Balance Sheet,/Cash Flow
Savings Tracking for Non-Procurement
Platform applied to non-procurement savings projects (e.g. Reorg, ERP
Consolidation, M&A), Budgeting/S&OP, Cash Flow Forecasting
iSave - Qualcomm