Spend Matters

JULY 14, 2022

RPMG’s 2022 Virtual Card Report forecasts that virtual card payments will grow at a CAGR of 23% through 2024. However, even if a buyer decides to pay their suppliers early, they are unable to because of operational shortcomings. However, despite tremendous growth, overall acceptance of virtual cards by suppliers remains stubbornly low.

Buyers 97

Buyers Suppliers Purchasing Management 97

Spend Matters

OCTOBER 24, 2024

Spend Matters is delighted to announce the 2024 roster for our ‘Future 5’ list. Why we chose COVALYZE We numbered COVALYZE among the Future 5 for 2024 because it can save category managers and buyers significant time and money, as it takes away many of the manual processes historically required of these roles.

Raw materials 111

Raw materials Category management Buyers Price 111

Spend Matters

OCTOBER 21, 2024

During the week of September 23, I represented Spend Matters at the Amazon Business Reshape 2024 event in Dallas, Texas. This integration allows buyers to start purchasing on Amazon Business and punch into SAP Ariba for checkout, improving compliance and reducing rogue spend.

Purchasing 111

Purchasing Inventory Supply Chain Optimization Buyers 111

ivalua

MARCH 27, 2023

E-invoicing Mandate | France 2024 Ivalua Spend Management Insights [ivory-search] Wake Up AP, Before it’s Too Late! It’s already hit most Latin American countries, India, China and Italy, but the next big wave hits France in 2024. E-invoicing Mandate | France 2024 appeared first on Ivalua.

Procurement strategies 130

Procurement strategies Agile and Lean Supply Chain Real-time Visibility Networking 130

Spend Matters

MARCH 25, 2025

10,000+ professional services products (as of November 2024). Expanding vendor collaboration: AWS Partner Connections will strengthen partnerships between software vendors and enterprise buyers. More than 20,000 public listings across 70 categories. 4,000+ data products available through AWS Data Exchange.

Procurement solutions 96

Procurement solutions Procurement Purchase orders Data 96

Spend Matters

OCTOBER 24, 2024

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. To potential buyers — COVALYZE can save category managers and buyers significant time and money, as it takes away many of the manual processes historically required of these roles.

e2e 119

e2e Data interpretation Buyers Data 119

Spend Matters

OCTOBER 17, 2024

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. To potential buyers — ivoflow offers a focus on actionable insights and cost savings initiatives rather than just static spend analysis.

Buyers 110

Buyers Real-time Visibility Sustainability Data 110

Spend Matters

OCTOBER 17, 2024

Spend Matters is delighted to announce the 2024 roster for our ‘Future 5’ list. Why we chose ivoflow We numbered ivoflow among the Future 5 for 2024 because it offers a focus on actionable insights and cost savings initiatives rather than just static spend analysis.

Category management 113

Category management Sourcing Data Bill of materials 113

Spend Matters

OCTOBER 10, 2024

We believe these companies deserve greater visibility, especially in a market which is increasingly consolidating and diluting buyer choices. To potential buyers — BlueBean offers control over procurement processes, automating accounting tasks and eliminating the need for traditional expense management.

Buyers 112

Buyers Purchase orders Procurement Innovation 112

Spend Matters

DECEMBER 15, 2023

Shaping the next generation of procurement professionals In 2024, as emerging technologies continue to redefine the workplace and professional landscape, and industries embrace AI, procurement departments will rethink their strategies to source top talent, retrain existing employees and attract the next generation of procurement professionals.

Procurement solutions 111

Procurement solutions Procurement Agile and Lean Supply Chain Contract 111

Spend Matters

NOVEMBER 13, 2024

In the Takata airbag case, as of January 2024 over 100 million airbag inflators worldwide have been recalled by more than 20 car makers, seriously damaging the reputation of several car manufacturers, not to mention the ultimate price paid by some drivers. These directives force buyers to understand the risks and take appropriate action.

Risk 111

Risk Supply Chain Efficiency Supply chain Suppliers 111

Procurement Insights

APRIL 8, 2025

Handling Multi-Stakeholder Complexity Factor Agent-Based Model (Metaprise) Equation-Based Intake & Orchestration Interoperability Agents represent suppliers, buyers, and logistics providers, collaborating across ecosystems. buyers, suppliers) with individual rules and interactions, modeling emergent behaviors in complex systems.

Supply Chain Optimization 69

Supply Chain Optimization Supply Chain Efficiency Procurement Agile and Lean Supply Chain 69

Spend Matters

FEBRUARY 26, 2025

Its ability to match suppliers with buyers in the public sector and address complex governmental structures and processes has played a key role in its ongoing success. Recent successes include: In 2024, 321 new government procurement teams were onboarded.

Procurement 116

Procurement Bidding Contract management Data 116

Spend Matters

SEPTEMBER 19, 2024

Today Spend Matters is delighted to announce the release of its Fall 2024 SolutionMap and TechMatch SM procurement technology rankings, which include 93 procurement technology vendors. See our Risk Management in-depth guide. If you still have questions, we have a friendly client services team, please reach out.

Risk management 122

Risk management Procurement Risk Contract 122

Spend Matters

JULY 10, 2024

Intake manage and orchestration During the second quarter of 2024, the Spend Matters team gave special attention to ‘ Intake and Orchestration Solutions ‘ The major highlights are described below. In this roundup of Q1, we review the Vendor Analyses and other Insider content that the team produced in the previous quarter.

Procurement 114

Procurement Management Contract Sourcing 114

TYA Suite

NOVEMBER 15, 2024

In 2024, blockchain technology is expected to transform various industries, and procurement is no exception. Each participant in the procurement process—whether they are suppliers, buyers, or logistics providers—has access to this shared ledger. Instead, a network of computers, known as nodes, collaborates to maintain the blockchain.

Supply Chain Efficiency 40

Supply Chain Efficiency Procurement Real-time Visibility supply chain software solutions 40

Procurement Insights

DECEMBER 3, 2024

C-suite executives are navigating a complex landscape of challenges in 2024. Collaborative efforts between buyers and suppliers, along with better tools, education, and incentives, can help overcome these barriers and foster a more sustainable supply chain. .”

Chief Procurement Officer 58

Chief Procurement Officer Supply Chain Efficiency Influencing Supply chain resilience 58

Procurement Insights

APRIL 9, 2025

Supplier Focus: Ramps supplier management is buyer-centric (e.g., Ramps 2025 roadmap (post-$150M raise, Reuters 2024) is also speculative, though AI and acquisitions are hinted. 7.65B valuation post-2024 funding), is recent compared to established ProcureTech players like Coupa (founded 2006) or GEP (1999). manufacturing).

Agile and Lean Supply Chain 59

Agile and Lean Supply Chain Spend management e2e Leadership 59

Spend Matters

JANUARY 22, 2024

Supplier collaboration becomes the cornerstone of corporate sustainability strategies In 2024, the landscape of corporate responsibility is undergoing a seismic shift, pivoting towards a holistic approach that places immense emphasis on environmental, social and governance (ESG) factors.

Procurement solutions 97

Procurement solutions Procurement Supply Chain Efficiency Sustainability 97

Procurement Leaders

JUNE 20, 2023

The maturity of individual categories can also be a function of buyer capabilities and stakeholders’ appreciation of procurement’s value. Even if a category is gifted by the most forward-thinking buyer at the tiller, if the business ignores their skill and avoids the process, then progress is unlikely to be made.

Procurement team 147

Procurement team Procurement Influencing Buyers 147

Procurement Insights

MARCH 22, 2025

The above said, here is an excerpt from the August 9th, 2024 post: Are we at the beginning of a procurement industry braindrain? A 2024 Procurement Insights article suggests up to 25% of ProcureTech AI providers might not survive 2025 due to market pressures, implying some overextend by accepting shaky clients.

Risk 52

Risk Procurement Quality Influencing 52

Procurement Insights

APRIL 3, 2025

Like any ecosystem, it has both positive and critical aspects , depending on your perspective whether you’re a startup, enterprise buyer, vendor, or procurement leader. Enterprise Buyer Friction Some procurement teams view DPW as too startup-centric or “innovation for innovations sake.” Positive Aspects of DPW 1.

Innovation 52

Innovation Real-time Visibility Sustainability Collaboration 52

Spend Matters

APRIL 24, 2024

For example, in March 2024, the EU Member States approved the updated text of the Corporate Sustainability Due Diligence Directive (CSDDD). To potential buyers — A regulatory landscape that is constantly evolving makes it difficult for organizations without a solution like Daato to understand requirements and ensure compliance.

supply chain software solutions 117

supply chain software solutions Sustainability Supply chain Buyers 117

Arkestro

MARCH 27, 2024

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

Buyers 52

Buyers supply chain budgeting Supply Chain Efficiency Procurement 52

Arkestro

APRIL 2, 2024

Resources / Analyst Reports / Procurement 2024: BIG Trends and Predictions Procurement 2024: BIG Trends and Predictions Download Now Let's Talk By the end of 2024, new AI innovations will begin to significantly change all facets of supply management technology. But in 2024, the role has never been more important.

Procurement 52

Procurement Chief Procurement Officer Procurement team Buyers 52

Procurement Insights

FEBRUARY 1, 2025

This is one of the factors that fuel the buyer refrain that they can usually beat the centrally negotiated contract pricing with a single phone call to a local supplier. 2024) “Current AI scaling laws are show diminishing returns, forcing AI labs to change course.” 2024) 30 What About An AI Savings Event Horizon?

Change management 52

Change management Negotiation Purchasing Strategy 52

Procurement Insights

MARCH 6, 2025

For example, a competitor like Watershed might shine in analyst scores but falter in user satisfaction, helping buyers weigh practical fit. Buyers might overlook Provider X if its not a Leader, even if it excels in supply chain LCA. Why Its Good: Combines hard data with real-world feedback, offering a balanced view.

Sourcing 52

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

Jaggaer

DECEMBER 12, 2024

Improved Bill of Materials (BOM) costing with role-based buyer views and new API capabilities. Key updates in Procure to Pay (P2P) include an early adopter “Guide Me” Wizard providing infrequent buyers an easy step-by-step, structured guided buying experience ensuring compliance with every purchase. Version 24.3 Version 24.3

Supply Chain Optimization 52

Supply Chain Optimization Bill of materials Supply Chain Efficiency Contract 52

Jaggaer

NOVEMBER 14, 2024

According to The Hackett Group’s 2024 CPO Agenda , cost reduction remains the top priority for Chief Procurement Officers (CPOs). Platforms like JAGGAER One bring together enterprise buyers, suppliers, and partners on a single, cloud-based solution. Here are some key insights from the e-book.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Chief Procurement Officer Supply Chain Optimization 52

Procurement Insights

OCTOBER 27, 2023

My post yesterday on User Adoption and the Rise of the AI Chatbots sparked some interesting discussions on LinkedIn – especially regarding the impact on procurement jobs and buyer adoption or resistance. ” However, an effective talent upgrade cannot happen without buyer cooperation, leading to the question I am asking today. .”

Contract 75

Contract Procurement Buyers Purchasing 75

Jaggaer

MARCH 20, 2025

College enrollment, which peaked in 20102011 and fell sharply during the pandemic, rebounded with the fall 2024 intake. in fall 2024 compared to the year before, representing an increase of about 130,000 students, according to a final tally from the National Student Clearinghouse Research Center. Budget Shortfalls First, the good news.

supply chain budgeting 52

supply chain budgeting Procurement Budget Supply Chain Efficiency 52

Spend Matters

OCTOBER 23, 2024

For example, the World Economic Forum’s (WEF) 2024 report states that “interstate armed conflict (#5) is a new entrant to the top 10 risk rankings this year. This can change the balance of power in the marketplace where the alternative and unaffected suppliers have more power to negotiate to the detriment of some buyers.

Risk 111

Risk Buyers Supply chain Suppliers 111

ivalua

SEPTEMBER 2, 2019

Viparis has chosen Ivalua and CKS to equip its Procurement department with a software suite that meets the challenges of an exceptional deadline for the 2024 Olympic Games in Paris and will help sustain the Group’s growth. We were convinced by the quality and the extensive functional scope of the Ivalua solution.

e2e 133

e2e Procurement Purchase orders Project management 133

Spend Matters

DECEMBER 29, 2023

AI adoption in procurement sparks urgent need for fraud prevention in 2024 Artificial intelligence is rising in popularity — not just with procurement and finance teams to drive value, but with fraudsters and bad actors. Access Spend Matters dedicated ‘ Artificial Intelligence in Procurement ’ page for more AI insights.

Procurement solutions 56

Procurement solutions Procurement Procurement team Buyers 56

Procurement Insights

FEBRUARY 23, 2025

1999 to 2024 – Will the procurement workforce expand or contract in2024? In this test case, the public sector organization realized a year-over-year 23% cost of goods savings for seven consecutive years while simultaneously reducing the number of buyers required to manage the contract to 3 from an original 23.

Chief Procurement Officer 52

Chief Procurement Officer supply chain software solutions Procurement Contract 52

Jaggaer

MAY 16, 2024

p>Across industries, 2024 trends in AP payments are expected to significantly impact how financial transactions operate. Explore the top 10 AP Payment Trends To Know in 2024, and thrive during this once-in-a-generation technological evolution. Explore all the latest AP Payments trends now.

Strategic planning 52

Strategic planning Negotiation Risk Buyers 52

Procurement Leaders

APRIL 15, 2024

Many observers see it as a form of protectionism, as one potential consequence is that large buyers of carbon-intensive materials will have even more reason to look to local suppliers and, as a result, build more local supply chains.

Supply 130

Supply Sustainability Supply chain Demand 130