Spend Matters

OCTOBER 31, 2024

Spend Matters honors a vast array of procurement solution providers each year by selecting them for our ‘50 to Know,’ ‘50 to Watch,’ ‘Future 5’ and ‘Hall of Fame’ celebration lists. They can invite the suppliers and internal stakeholders to collaborate on the identified opportunities in real time.

Real-time Visibility 120

Real-time Visibility Supply Chain Efficiency Buyers Supply Chain Optimization 120

Spend Matters

JANUARY 23, 2024

In no order of preference, other than by the date they arrived in our inbox, today let’s hear from Aylin Basom, CEO of Supplier.io , provider of supplier management solutions and one of Spend Matters 50 Procurement Providers to Know. This collaboration is streamlining efforts and amplifying impact.

Procurement solutions 110

Procurement solutions Procurement Procurement strategies Suppliers 110

Spend Matters

JANUARY 4, 2024

For example, with a robust configuration, GenAI could be used in supplier relationship management to analyze supplier documents like ESG disclosures and contracts, generating queries and recommended resolutions to issues spotted via performance evaluations.

Procurement solutions 114

Procurement solutions Procurement Agile and Lean Supply Chain Supplier relationship management 114

Spend Matters

MARCH 11, 2024

It provides customers with a platform that connects buyers with qualified suppliers and offers a range of capabilities (in-app and as services) such as category management, demand management, e-sourcing, auctions, supplier management and contract management. It is exactly the kind of challenge that VORTAL addresses.

Procurement solutions 117

Procurement solutions Sourcing Procurement Market analysis 117

Spend Matters

DECEMBER 15, 2023

Businesses will be prompted to forge new relationships with suppliers that align with their values, terminate relationships with suppliers falling short of new ESG benchmarks and prioritize renegotiating existing contracts with trusted suppliers to embed these new ESG commitments.

Procurement solutions 111

Procurement solutions Procurement Agile and Lean Supply Chain Contract 111

Spend Matters

JANUARY 3, 2024

The most significant AI use cases will be those that are focused within specific verticals or functional areas, such as procurement. Applying AI to make supplier discovery more efficient and successful or gain immediate, deep insight on issues within a company’s existing supply base will really drive businesses to be more successful.

Procurement solutions 117

Procurement solutions Procurement Procurement team Budget 117

Spend Matters

JANUARY 5, 2024

Employing advanced SCRM solutions Through automated risk assessments and compliance incident management, companies can monitor their supply chain for potential ESG violations. They can invite suppliers to complete Scope 3 assessments in a supplier portal, then upload the results to risk profiles.

Procurement solutions 111

Procurement solutions Supply Chain Efficiency Procurement Raw materials 111

Spend Matters

JANUARY 11, 2024

Companies must evaluate a growing number of active risk types more thoroughly and frequently than previously in order to gain a real view of the risks a supplier poses to the organization. To date, procurement teams haven’t been equipped to do that.

Procurement solutions 102

Procurement solutions Procurement Risk management Procurement team 102

Spend Matters

DECEMBER 22, 2023

We’re working with customers on GenAI event creation, sourcing of upcoming renewals, policy adherence, autonomous negotiations, contract renewals, RFP scoring and supplier engagement. A GenAI solution that would delight the business user while collecting sourcing requirements, especially when lacking strong P2P compliance.

Procurement solutions 110

Procurement solutions supply chain budgeting Procurement Budget 110

Spend Matters

DECEMBER 13, 2023

They also recognize the need to take action along with their suppliers, with their customers and even with their competitors to build momentum and drive decarbonization. The future is collaborative, and companies must engage with their suppliers for a collective, data-driven approach to shaping a more sustainable world.

Procurement solutions 113

Procurement solutions Supply Chain Efficiency Procurement supply chain software solutions 113

Spend Matters

DECEMBER 21, 2023

In sourcing, the AI can rapidly analyze supplier options based on pricing, quality, sustainability and other factors to identify optimal partners, while also predicting performance to mitigate risk. AI-powered source-to-pay is the future At GEP, we leverage proprietary AI algorithms to streamline all procurement processes.

Procurement solutions 110

Procurement solutions Procurement e2e Real-time Visibility 110

Spend Matters

JANUARY 19, 2024

CFOs and CPOs can really start the ball rolling here by encouraging their suppliers to adopt more sustainable practices — using intelligent digital technology to identify and engage with suppliers committed to such principles. All in all, that’s an outstanding story for procurement leaders to tell as they head into 2024!

Procurement solutions 114

Procurement solutions Procurement Sourcing Innovation 114

Spend Matters

JANUARY 8, 2024

This is where AI can come into its own, allowing procurement to establish full price transparency and scrutinize vendor requests to determine whether price increases were overly inflated. Index-linked clauses with key suppliers can also be used to ensure fairness and balanced exposure for all parties.

Procurement solutions 101

Procurement solutions Supply Chain Optimization Procurement Supply Chain Efficiency 101

Jaggaer

MARCH 7, 2025

Advanced technologies such as AI, automation, and predictive analytics are playing a pivotal role in optimizing procurement processes, enhancing transparency, and driving efficiency. But what does the future hold for public procurement, and how can technology fine-tune the process to perfection?

Supply Chain Efficiency 52

Supply Chain Efficiency Real-time Visibility Procurement Supply Chain Optimization 52

Spend Matters

JANUARY 18, 2024

In procurement, this means moving beyond chatbots to high-value uses of AI that provide hyper-personalized intake and onboarding experiences for procurement professionals, requestors and suppliers. For granular analysis and comparisons of procurement technology solutions, subscribe to Spend Matters Insider.

Procurement solutions 114

Procurement solutions Procurement Innovation Procurement team 114

Spend Matters

JANUARY 30, 2024

Today let’s hear from the last of the submissions for this year: Ruth Orenstein, Senior Director of Product Management at Tipalti , a provider of supplier management solutions and one of Spend Matters 50 Procurement Providers to Know.

Procurement solutions 107

Procurement solutions Procurement Spend management Collaboration 107

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 Insights

FEBRUARY 21, 2025

A Metaprise (Meta + Enterprise) is a networked enterprise ecosystem where multiple organizations, suppliers, and partners are seamlessly interconnected through a digital procurement infrastructure. Interoperability: Supports multi-enterprise collaboration , ensuring different procurement platforms work together as one.

Supply Chain Optimization 75

Supply Chain Optimization Contract management Networking Contract 75

ivalua

MARCH 13, 2019

This involves the perspectives of immediate stakeholders, agency leads and the general public, but it also includes the perspectives of suppliers participating in solicitations or seeking opportunities to work with the government. Too many contract officers struggle to work with Procurement solutions that have poor user interfaces (UIs).

Suppliers 100

Suppliers Contract Bidding Procurement 100

Spend Matters

JANUARY 16, 2024

As costs continue to spiral upwards and supply chain disruptions become the new norm, procurement leaders must grapple with the dual responsibility of achieving cost savings while considering broader strategic initiatives, such as risk management, sustainability and nurturing vital supplier relationships.

Procurement solutions 103

Procurement solutions Procurement Spend management Supply Chain Optimization 103

Procurement Software

MARCH 16, 2025

Digital procurement tools centralise procurement data in one app – or maybe several apps that all talk to one another – ensuring accuracy and real-time updates. This makes it easier to track spending patterns, supplier performance, ESG data, and contract compliance. Ultimately, its worth the investment though.

Procurement 52

Procurement Real-time Visibility Supply Chain Efficiency Purchase orders 52

Spend Matters

OCTOBER 18, 2023

This year, our analysts identified three solution providers that have proven their potential to be considered best-in-class, one of which is SIM (supplier information management) and SDM (supplier discovery management) specialist Scoutbee. Our discovery solution was incredibly impactful and effective during Covid.

Procurement solutions 114

Procurement solutions Procurement Suppliers Management 114

Spend Matters

NOVEMBER 7, 2024

Spend Matters honors a vast array of procurement solution providers each year by selecting them for our ‘50 to Know,’ ‘50 to Watch,’ ‘Future 5’ and ‘Hall of Fame’ celebration lists. Halo Ai is further positioned to extend its feature-set relating to the current Supplier Portal and Secure Document Repository.”

Supply Chain Efficiency 111

Supply Chain Efficiency Risk management Real-time Visibility Ethics 111

ivalua

MARCH 16, 2020

In order to establish a unified and consistent source-to-pay process throughout the entire Group, Körber was looking for a fully integrated e-procurement solution. “ We are sure that with Ivalua, Körber will become even more cost-effective and focused on value creation through closer relationships with suppliers.

Agile and Lean Supply Chain 49

Agile and Lean Supply Chain Procurement Supply Chain Efficiency Chief Procurement Officer 49

Procurement Insights

FEBRUARY 18, 2025

In ProcureTech , the phrase “Cant build a house on a cracked foundation” means you cannot successfully implement AI-driven procurement solutions (or digital transformation) if the underlying procurement processes, data, and strategy are flawed. Key Applications in ProcureTech 1.

Procurement team 52

Procurement team Procurement solutions Contract management Quality 52

Spend Matters

MARCH 18, 2025

Freely access Spend Matters TechMatch to directly assess and compare the capabilities of digital procurement solutions. Use Spend Matters comprehensive free vendor directory for more information on procurement tech, services and vendors. Data is refreshed every 6 months. Still have questions and want to talk to a real person?

Procurement 91

Procurement Sourcing Contract Risk 91

Procurement Tactics

JUNE 19, 2023

Management consulting firm Oliver Whyman reports that incumbent companies are currently being overshadowed by a total of 356 procurement startups that offer procurement solutions. One of the main reasons for this is that these businesses are digitalizing procurement solutions.

Procurement 201

Procurement supply chain software solutions Procurement strategies Collaboration 201

Procurement Tactics

JULY 21, 2022

A procurement portal is an e-procurement solution or tool that allows you to make your purchasing processes online. A procurement portal is a combination of internal procurement software and a vendor portal. . It is also known in the industry as a supplier portal. . Benefits of Procurement Portal.

Procurement 147

Procurement Procurement solutions Bidding Competitive bidding 147

Spend Matters

OCTOBER 24, 2023

“Onventis Buyer represents a powerful solution that streamlines and automates the entire procurement journey, from the initial sourcing to the final payment to spend analysis. This system also fosters seamless collaboration with suppliers within our extensive network.

Procurement solutions 111

Procurement solutions Supply Chain Efficiency supply chain software solutions Procurement 111

Spend Matters

DECEMBER 14, 2023

For granular analysis and comparisons of procurement technology solutions, subscribe to Spend Matters Insider. The post New Year Insights for the procurement solutions and services marketplace 2024: The Smart Cube appeared first on Spend Matters.

Procurement solutions 102

Procurement solutions Procurement Procurement team Change management 102

Jaggaer

JANUARY 15, 2025

Sustainability Goals Global ESG standards are prompting Indian companies to focus on ethical sourcing, supplier transparency, and reduced carbon footprints. Our team of local experts, including six specialised technical consultants, has supported tailored solutions across diverse industries and geographical regions.

Supply Chain Efficiency 52

Supply Chain Efficiency Agile and Lean Supply Chain Procurement Ethics 52

Jaggaer

MARCH 24, 2025

Impact on Procurement: Gen AI leverages vast datasets to generate actionable insights, helping procurement teams predict future trends, such as market shifts, supplier performance, and demand fluctuations.

Procurement 52

Procurement Supply Chain Optimization Real-time Visibility supply chain budgeting 52

Procurement Insights

MARCH 16, 2025

How Procurement Professionals Use or Interact with Model Context Protocol (MCP) Procurement professionals interact with AI models that utilize Model Context Protocol (MCP) in various ways, especially within digital procurement platforms, supplier management systems, and spend analytics tools.

Supply Chain Optimization 52

Supply Chain Optimization supply chain budgeting Supply Chain Efficiency Bidding 52

Spend Matters

DECEMBER 27, 2023

This advancement will enhance the capabilities of procurement organizations, e.g., allowing for even more nuanced and context-aware negotiations, better decision-making and more personalized interactions with suppliers. For granular analysis and comparisons of procurement technology solutions, subscribe to Spend Matters Insider.

Procurement solutions 64

Procurement solutions Procurement Negotiation Procurement strategies 64

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. Also, an eprocurement solution provides you with clean spend data, which is the basis for a sound spend analysis and eventually relevant category management. 100% of electronic POs.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Spend Matters

AUGUST 15, 2022

Ensuring that an organization knows the suppliers it works with, has all required information on suppliers, and is up-to-date, is critical. Decisions about working (or not) with a supplier can be both straightforward and complex because not all suppliers require the same screening and attention. Read more. ).

Suppliers 75

Suppliers Spend management Buyers Procurement solutions 75

Procurement Tactics

JANUARY 5, 2023

A PunchOut catalog is an integrated e-procurement system that allows suppliers to promote goods and services to buyers through the supplier’s own procurement application or hosted e-procurement system. . Ultimate Supplier Plotting Checklist 2023. Ultimate Supplier Plotting Checklist 2023.

Buyers 179

Buyers Purchasing Suppliers Procurement 179