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Source-to-Settle  // Posts tagged as "Source-to-Settle"

Looking Back, Around, and Ahead on Procurement Technology Adoption

We recently published my twelfth annual CPO-themed report, CPO Rising 2017: Tools of the Trade. Today’s article is part of an ongoing series focused on the report’s key findings. You can get the report here (registration required). In procurement as in other facets of business, it is important to consider the organizational mindset for action...

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Technology Round-Up – June 29, 2017

CPO Rising’s Technology Round-Up returns today with another assortment of complex spend management technology news and updates from the past month to share with our community. If you are a sourcing, procurement, or spend management solution provider and you have news to share with us, please drop us a note at editor at cporising dot com....

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SAP Ariba Partners with IBM Emptoris to Bring Cognitive Procurement to the Masses

This morning at SAP’s annual SAPPHIRE NOW conference, SAP Ariba President, Alex Atzberger announced that his company will partner with IBM Emptoris to bring cognitive procurement to the Ariba Network of more than 2.5 million users.  Ardent Partners connected with Alex and Mike O’Leary, Director, Procurement Solutions and Supply Chain Insights, IBM Watson Customer Engagement, prior to the announcement to...

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Genpact: A Procurement BPO Provider Swims Upstream

Genpact (Ticker: G), the business process outsourcing (“BPO”) firm, has a long history as a procurement outsourcing provider. Today’s article highlights my recent conversation with Jonathan Kirby, the SVP and Practice Leader of Genpact’s Source-to-Pay (“S2P”) services. Industry veterans may recognize the name since Jon is a former CPO bringing to bear 25 years of procurement and IT experience — notably as the Chief Procurement...

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Technology Round-Up – August 25, 2016

Determine Announces Financial Results for Q1 2017 On August 10, Determine, Inc. (NASDAQ: DTRM), the Indiana-based provider of contract management and source-to-settle solutions for the cloud, announced financial results for the first quarter of Fiscal Year 2017. Although GAAP-based revenues and recurring revenues increased slightly from Q4 2016, annual recurring revenues fell slightly year-over-year, which Determine President and CEO,...

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Going Swifter, Higher, Stronger in 2016

The Rio 2016 Olympics are still going full throttle through this Sunday and I’ve been doing my best to watch as much as I can (how about those American swimmers from Maryland!!). This year, approximately 11,550 athletes representing teams from 205 countries plus two independent teams  (Independent Olympic Team and the Refugee Olympic Team) traveled to Brazil to compete in...

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Bravo’s New P2P Advantage: BravoSolution Acquires Puridiom (Instant Analysis)

On Monday, BravoSolution, a supply management solution provider that offers a suite of strategic sourcing solutions, announced that it had acquired Puridiom, a small, but longstanding solution suite provider specializing in procure-to-pay (“P2P”), in a transaction that closed on August 1. Financial terms of the transaction were not announced. The deal advances Bravo’s ongoing reach into the...

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Technology Round-Up – August 5, 2016

Basware Refreshes Verian eProcurement Solution Suite On August 2, Basware, the Finland-based provider of e-invoicing and purchase-to-pay solutions, announced the summer release of Verian’s eProcurement solution suite following its acquisition of the company earlier this year (click here to read about the acquisition and here to read about its initial deployment). The refreshed eProcurement solution suite features enhanced automation workflows,...

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CPO Rising 2016: How the Best-in-Class Leverage eSourcing for Superior Performance

Editor’s Note: Today and for the next few weeks, we will feature a series of articles based in large part on Ardent Partners’ flagship research report, CPO Rising 2016: The Art and Science of Procurement (click to download). This benchmark report, sponsored by SAP Ariba, is based on the experiences of 331 Chief Procurement Officers...

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How Source-to-Settle Solutions Manage (and Leverage) Big Data – Contract Management

In the digital age, organizations as a whole and procurement departments in particular swim in data. It is everywhere, spread across an alphabet soup of internal and external systems – some connected, some not; some refined, some not; some structured, some not. It wasn’t always this way. Twenty-five years ago, the procurement function was manual,...

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