This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In today’s business landscape, effective digital procurement strategies are vital for organizations to optimize spend, enhance operational efficiency and address risk while maintaining an ideal user experience. One area of significant potential that is often overlooked is tail spendmanagement.
Ivalua SpendManagement Insights [ivory-search] Get Ready for Success! People: Engaging Stakeholders and Nurturing Change Engaging stakeholders early in the implementation process is crucial for gaining their support and supporting the changemanagement process. Download Today!
The post From Blocks to Bites: A Cheese-Inspired Approach to ChangeManagement appeared first on Art of Procurement. Bear with me for a moment… Close your eyes and imagine someone handing you a large block of your favorite.
Redwood City, CA, July 12, 2022 – Manufacturers are working to accelerate digitization initiatives to manage supply chain disruptions in 2022 and beyond, according to an original survey commissioned by Ivalua , a leading global spendmanagement cloud provider. The margin of error for this study is +/- 6.4% About Ivalua.
NYC, NY – January 23, 2019 – Ivalua, a leading provider of global SpendManagement Cloud solutions, and Axbility Consulting announced today that they have signed a partnership agreement welcoming Axbility Consulting to the Ivalua Alliance Partner Program. www.axys-consultants.com.
ERPs will usually have some hidden functionality you can exploit, and you can make the most of the likes of ChatGPT and Excel for doing the basics of spendmanagement, and then theres use of macros and plugins for what tech you do have. Secondly, dont underestimate the importance of changemanagement. Its ongoing.
However, although Utz Brands enjoys a long and successful history, Ron understood that he had to be prudent and efficient with the dollars available to invest in technology because he did not have the budget that larger competitors have to spend.
Templegate Technologies , is a alliance partner for award winning Cloud Software Solution in Procurement Automation & SpendManagement. Founded by an Team of IT professionals who have spent decades in Technology companies like SAP, Oracle and Infor working in the area of Supply Chain Management.
Challenges in Implementation : Despite the resources available, challenges such as stakeholder alignment, lack of proper changemanagement, and complex procurement environments can hinder success. How successful are KKR ProcureTech companies when it comes to solution implementations? Are Coupa and Ivalua competitors?
Food service leader digitizes procurement to drive efficiency, transparency and effective supplier management as it accelerates global expansion. Jollibee Foods Corporation (JFC) is a chain of fast food restaurants with a worldwide store network of more than 5,000 stores.
Categories: Accounts Payable , P2P , Payments , Procurement Systems & Architecture , SpendManagement , Technology Tags: PRO Medius began life in 2001 in Sweden as an AP automation solution; in 2006 it opened offices in Norway, Denmark and the Netherlands; in 2008 in Poland.
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. This resistance can slow the implementation process and lead to errors if not managed effectively. What's PLANERGY? Download PDF Whats your goal today?
The results reveal some dramatic shakeups from legacy player rankings, suggesting the winds of change are blowing in terms of market leader positioning for enterprise spendmanagement technology. Vendors are investing heavily in these technologies to provide smarter spendmanagement solutions.
So I think Spend Matters exploring Intake/Orchestration on behalf of practitioners is a good thing. Practitioners, including CPOs, often default to historical definitions and approaches to procurement — think PO creation, payments, expense and spendmanagement. Fundamentally, however, how business gets done is changing.
Mid-market businesses, on the other hand, could invest in this software and easily see a quick return if they have the right changemanagement and procurement talent in place. It offers features such as purchase order management, inventory tracking, budgeting, and approval workflows.
Effective training and changemanagement are critical for the successful adoption of a procurement management software. To handle any opposition and guarantee a seamless transition, changemanagement techniques should be put into practice.
JAGGAER characterizes the steps in this process as SpendManagement, Category Management, Sourcing , and Contracts. Clear governance, stakeholder buy-in, and a focus on changemanagement will be instrumental in achieving the transition and it is vital to be aware of the difficulties. So, lets be blunt.
Greater willingness to share details helps suppliers plan their own supply chains and leverage existing SpendManagement systems. Lastly, acknowledge that your organization is probably not as good as it thinks when it comes to managing supply risk. Manage Risk, Create a Competitive Advantage.
Overcoming this skepticism and proving the value of a new idea takes persistence and a whole lot of energy, especially in organizations with a change-resistant culture. Risk-taking Intrapreneurs are willing to challenge the status quo. They are comfortable with uncertainty and willing to take calculated risks to achieve their goals.
But indirect spend can be brought under control in two steps: First, get visibility of indirect spend by implementing a centralized procurement system and launching a changemanagement initiative to ensure every stakeholder is using it. Second, give Una a call.
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficientlyby automating purchasing and invoice processing. Changemanagement strategies, such as creating pilot programs or appointing tech-savvy change ambassadors, can further ease the transition.
It will ease out the processes of analyzing spend, managing relationships with customers/vendors and suppliers, automating source-to-pay (S2P) workflows, and fostering internal collaboration. Adopting e-procurement solutions: Investment in adoption and implementation of next-generation technologies is crucial for sailing through 2023.
Business Process Integration: Aligning category management with existing workflows requires careful planning. Develop a clear roadmap for integration and implement changemanagement strategies to ensure smooth adoption across departments. Organizational Alignment: Building a culture of collaboration across departments is key.
We achieved recognition both internally and externally for our sourcing and procurement accomplishments in the spendmanagement area. S&OP, sourcing maturity, logistics and network optimization, organizational development, and changemanagement are very common areas for our clients. My tenure at AMD was amazing.
In this episode of the Procuretech Podcast, host James Meads is joined once more by Ward Karson, Chief Operating Officer of Raindrop – an enterprise spendmanagement suite based in California. Today they discuss the pros and cons of tackling supplier risk management from within an S2P Suite. How to get in touch with Ward.
Sunbelt selected the world-class spendmanagement solution provider Coupa Software, choosing to implement the full suite of Coupa products to satisfy a variety of use cases across procurement, invoice automation, inventory, risk management and sourcing.
there are several challenges involved with outsourcing: Transition and changemanagement: Transitioning from an internal procurement team to an outsourced provider requires careful planning, knowledge transfer, and changemanagement to ensure a smooth transition.
Stay ahead of any changemanagement and training that may need to happen and make room for continuous improvement. ChangeManagement Navigate the organizational changes that may result from strategic sourcing implementation, ensuring smooth transitions and minimal disruption.
But indirect spend can be brought under control in two steps: First, get visibility of indirect spend by implementing a centralized procurement system and launching a changemanagement initiative to ensure every stakeholder is using it. Second, give Una a call.
If you’re a CPO or a senior procurement leader, there are some basic metrics we can look at to determine how mature your indirect spendmanagement is. That will definitely require a much more user friendly interface and a solid changemanagement strategy. What is your total vendor count ?
Modern SpendManagement and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. Communicate Clearly A key element of any successful changemanagement plan is communication. What's Planergy? Download PDF What’s your goal today?
Spendmanagement and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added. “Optimizing cost, in the order of a 20-25% reduction on the current situation, is therefore a must in order to survive.
Long implementation period This is primarily due to the need for preparation and an effective changemanagement strategy. Without a proper changemanagement processes such as training, ongoing communication and operational support, your stakeholders may sabotage the new concept. Simplicity is key here.
The result is an acutely streamlined tech stack free of process or capability gaps, reduced risk, better use of employee time, and accelerated (and accurate) changemanagement. Procurement can help the business identify and exploit new opportunities and avoid unnecessary risks and wasteful spending.
Additionally, the sheer volume of transactions that large businesses dealt with on a daily basis made manual Spend Analysis highly time-consuming and inefficient. With the introduction of IT, however, the landscape of Spend Analysis began to change dramatically.
This is primarily due to the need for preparation and an effective changemanagement strategy. Without a proper changemanagement processes such as training, ongoing communication and operational support, your stakeholders may sabotage the new concept. Simplicity is key here. Long implementation period (H4).
SMEs are unlikely to see a decent ROI on contract management software, unless it’s a lower-priced software with relatively basic contract repository functionality. Mid-market businesses, on the other hand, could invest in this software and easily see a quick return if they have the right changemanagement and procurement talent in place.
Mid-market businesses, on the other hand, could invest in this software and easily see a quick return if they have the right changemanagement and procurement talent in place. SMEs are unlikely to see an ROI on procurement software unless it’s a lower-priced software with relatively basic functionality.
Case Study 2: Nitor Partners – Diesel Fuel In another case study, Nitor Partners drove over $3MM in savings by leveraging a cross-category strategic sourcing strategy and creating multi-year agreements to manage future cost risk exposure and build long-term supplier relationships.
They are also increasingly integrating with other business systems and technologies, creating a holistic and integrated approach to spendmanagement. How Spend Analysis Technology Works Modern spend analysis technology works in a seamless, integrated manner to deliver actionable procurement insights.
We organize all of the trending information in your field so you don't have to. Join 69,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content