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Spend Matters Future 5 2024 – Introducing Halo Ai

Spend Matters

Following months of debate based on extensive knowledge of the many procurement technologies they have demoed, analyzed and benchmarked, they arrive at a list of five young providers that they believe are innovative and exciting, have a rapidly rising presence in the market, can grow sustainably and which every CPO should have on their radar.

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Why are liquid networks in procurement important to understand?

Procurement Insights

February 2025 – Liquid networksdynamic, decentralized, and highly adaptable systemsare reshaping procurement and ProcureTech by enhancing supplier collaboration, innovation, and agility. Supply chain risk management is proactive and data-driven. Procurement workflows are automated using AI & smart contracts.

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The top capabilities of AP Automation/Invoice-to-Pay solutions

Spend Matters

Top performing vendors have achieved a “Network Effect” type of collaboration where suppliers can manage all their buyers in the same portal and even behave as buyers themselves receiving invoices from their suppliers. Expert analysts deeply vet solution capabilities prior to ranking inclusion.

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Unlock the Power of Invoice-to-Pay

ivalua

Now selected suppliers can upload a PDF invoice in the free portal, check all the content is correct, append that missing PO or tag the buyer, before matching the invoice to the receipt or order. Without this, organizations cannot be agile and without analytical data, continuous change is impossible.

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Release Your AP Team with Invoice-to-Pay

ivalua

The solution is to follow the top performers and focus on supplier enablement, smart matching and introduce the agile methodology of continuous improvement. If at any stage buyer interaction is required, this is provided via a low touch email or mobile friendly interface. Invoice-to-Pay from Ivalua.

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The Hitchhiker’s Guide to Digital Procurement!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! SpendMatters Supply Chain Dive Supply Chain Digital Art of Procurement (Podcast). Procurious Procurement Leaders Chartered Institute for Procurement & Supply (CIPS).

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests. Conduct supply chain audits and due diligence on high-risk categories. Buyer/Purchasing Agent - Executes purchase orders and transactions. Dual sourcing and supply chain digitization can help.