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Procurement Financials
http://www.spendmatterspro.com/pro/2013/05/17/financial-services-vendor-risk-management/
BB&T Punts on Ariba, Scores Touchdown with Hiperos to Tackle Compliance Headache This case study analysis is based on commentary presented by BB&T and Hiperos at the Sourcing Interests Group (SIG) spring summit in 2013. BB&T (NYSE: BBT) is a large regional bank, predominantly active in the US southeast and Texas – over 31,000 full-time [...]
http://www.spendmatterspro.com/pro/2013/04/29/p2p-and-network-buying-tips/
I’ve purchased a few cars in my life from dealers (mostly used, mind you). I’ve also bought software – for my organization and many others. From these experiences, I’ve learned that in highly competitive markets where information transparency is also somewhat opaque (think used cars and supplier/business networks), there’s often greater opportunity for sales over-promises [...]
http://www.spendmatterspro.com/pro/2013/04/26/when-ap-meets-common-sense-discounting-and-payment-terms-part-2/
Part 1 of this analysis featured observations on the intersection of sourcing and supplier management with A/P, payment terms, and discounting strategies based on the personal observations and experience of a Spend Matters staffer. Today, in Part 2, we conclude with a list of recommendations to take when communicating A/P and discounting policies to suppliers [...]
http://www.spendmatterspro.com/pro/2013/04/23/when-ap-meets-common-sense-discounting-and-payment-terms-part-1/
Editor’s note: this is a two-part series. Part 1 features observations and insights from Spend Matters’ Thomas Kase focused on AP, payment terms, strategic sourcing and discounting strategies. Part 2 provides recommendations for procurement and AP organizations around communicating payment strategies and policies to suppliers and the general public. When I first came across “payment [...]
http://www.spendmatterspro.com/pro/2013/04/12/network-fees-and-innovation-are-you-considering-supplier-opinions/
The Spend Matters team has observed that in technology and supplier connectivity/network selection, the majority of procurement and AP organizations lack empathy (and total cost understanding) about the impact about their decisions on working with suppliers. In fact, many on the “buy-side” don’t even consider empathy and understanding with their supply base – they make [...]
http://www.spendmatterspro.com/pro/2013/03/18/when-procurement-met-finance-hollywood-ending-or-costly-divorce/
I recently led a webinar titled When Procurement Met Finance: How to Achieve the Hollywood Ending. Our premise was straightforward in principle, though tricky in execution: what activities can procurement (including CPOs, COE leaders, source-to-pay technology leads, category managers and others) and finance (CFO, controllers, AP, treasury, etc.) do to work together to achieve the [...]
http://www.spendmatterspro.com/pro/2013/02/19/another-field-on-the-supplier-information-management-dashboard/
Last week, the UK Government announced that public sector buyers should start taking into account the track record of potential suppliers in terms of tax avoidance when they make supplier selection decisions. That is perhaps not quite as dramatic as it first sounds. There has been the ability under EU procurement regulations for many years [...]
http://www.spendmatterspro.com/pro/2013/02/07/basware-out-of-the-sauna-into-the-p2p-fire-part-2/
Please click here for the first installment in this series as well as our initial coverage on Spend Matters UK/Europe. In continuing on with our market, financial and competitive analysis of Basware, we come to our summary competitive position analysis. Please note this section (and the rest of this series) does not do justice to [...]
http://www.spendmatterspro.com/pro/2013/02/05/basware-out-of-the-sauna-into-the-p2p-fire-part-1/
The first part of this research brief appeared on Spend Matters UK/Europe. We feature PRO analysis following this introduction. We’re in the heart of company results season now and one of the big players in our market announced their 2012 figures recently. Basware, the P2P and e-invoicing firm came in with results that – in [...]
http://www.spendmatterspro.com/pro/2013/01/25/an-opportune-time-for-collaboration-procurement-and-accounts-payable-part-1/
Historically, procurement and accounts payable have been slightly awkward bedfellows in many companies. They’ve been loosely coupled through the front end (e.g., vendor on-boarding, registration process) and the back-end (e.g., approvals, dispute management, discounting, payment, invoice auditing) in both online and offline worlds for various aspects of supplier engagement and management. Yet in the past [...]
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