Top Procurement Reports to Help You Get Ahead in 2019

January 15, 2019By Juliet LouwBlog
With 2019 already in full swing, and the already rapidly changing business landscape, it’s important to stay on top of new trends for procurement. Understanding the innovations and challenges of are important to strategically prepare for a successful 2019. We have rounded up a list of top procurement reports to arm you with the resources [...]

Top Procurement Events to Attend in 2019

December 18, 2018By Mari StromBlog

As a result of a highly competitive and volatile marketplace, the focus for procurement continues to be around driving cost savings, increasing profits, and mitigating risk. Yet, procurement teams need to find innovative ways to accomplish these tasks beyond their outdated processes, and limited tools and resources. Procurement is already experiencing an explosion towards digital … Read More

New Years Resolutions – Democratize Your Data

December 11, 2018By Niki ParekhBlog
January 1st is right around the corner.  Does your finance or procurement team have a plan to drive a highly visible, strategic initiative in 2019 that results in a consistent “seat at the table?”  Don’t worry if you don’t. Having spoken to many procurement leaders at mid-market and large companies around the world, driving truly [...]

3 Reasons Why AI in Procurement is a Game-changer

November 1, 2018By Mari StromBlog

Wasted time. Missing invoices. Late payments. Finding out you were charged how much for what? Procurement is a necessary and immense part of any business. Managing, monitoring, and crunching numbers from that part of your business probably takes a lot of time and effort. In fact, organizing and cleansing your spend, purchase, and supplier data … Read More

Bring More Spend Under Contract with AI

October 24, 2018By Mari StromBlog

 AI in Procurement can give enterprises real-time visibility into supplier spend to quickly identify missing contracts to reduce spend, negotiate better terms, and improve compliance. Procurement organizations use a set of criteria to determine if the spend with a supplier should be governed by a contract. Every organization defines that threshold differently, yet only a … Read More

Finding New Opportunities to Aggregate Supplier Demand with AI

October 18, 2018By Mari StromBlog

Enterprise companies can leverage AI in Procurement to quickly connect their spend and contract data to surface opportunities for demand aggregation. With increasing labor rates and the rising cost of fuel, freight and raw materials, finding opportunities to reduce spend is becoming more difficult by the day. Aggregating the spend for each supplier under one … Read More

Using AI to Turbo-Charge Supplier Negotiations

October 10, 2018By Mari StromBlog

When it comes to re-negotiating your supplier contracts, timing, and the right data, is everything.  This is where using AI in Procurement comes in handy. With AI, Enterprises can quickly gain the information they need to avoid unwanted renewals and strengthen their negotiating position to get the best deals. For a suspense novel or a … Read More

Six Time-Wasters in Procurement

June 18, 2018By Niki ParekhBlog

Could your team use another hand or a few extra hours in the day? It’s easy to feel understaffed in procurement, but maybe more help isn’t the answer: the Hackett Group found that world class procurement departments have 27% fewer employees. Using Time More Wisely Smaller teams and better results? Perhaps they’ve managed to escape … Read More