5 Easy Procurement Negotiation & Savings Tactics in a Downturn

May 26, 2020By Jordan JansenArtificial Intelligence, COVID-19, Procurement, Recession, Tips

Executive Insights Companies are aggressively looking for tactics to reduce costs and unlock savings on all their indirect and direct purchases and to more effectively manage their cash flow in procurement.  Declining market demand and over-capacity is driving finished product manufacturers to put price pressure on their suppliers. They too must then re-negotiate contracts with … Read More

Stunning New Insights that Unlock Proven Cash Flow Savings

April 29, 2020By Brian WhiteArtificial Intelligence, COVID-19, Procurement, Recession, Tips

Managing cash flow, finding savings, and enforcing new spend policies are top of mind for most CFOs right now. With no end in sight to the coronavirus crisis (yet), procurement teams must prepare now for a recession. Their big challenge is to determine what should be prioritized to maximize results. Suplari is reacting quickly to customer requests to deliver fully automated insights from a customers existing ERP and financial data that identify opportunities to conserve cash, avoid large payments, negotiate better terms, and enforce new policies.

How Procurement Must Lead Through the Coronavirus Recession

April 21, 2020By Jordan JansenBlog, COVID-19, Procurement, Recession

Procurement leaders must urgently spearhead a campaign to help their businesses endure the coronavirus recession and lay a solid foundation that maximizes future business opportunities. This article outlines how procurement teams can formulate effective Cash Management, Supplier Management, Risk Management, and Spend Management Strategies that help mitigate the effects of this (or any future) crisis. … Read More

5 Steps CFOs Can Take Right Now to Get Ahead of a Coronavirus Recession

March 18, 2020By Niki ParekhBlog, COVID-19

As global demand continues to drop for many goods and services, fears of a worldwide slowdown and a “coronavirus recession” loom large over corporate leaders. Chief Financial Officers (CFO’s) are scrambling to do sensitivity analyses to understand their profit outlooks and cash needs. Procurement and sourcing teams can play a significant role in reducing supplier spend and improving cash flow by using spend analysis to leverage data in the ERP, contract management, and procure-to-pay systems

Recession Warning Signs Are Flashing Red

August 19, 2019By Niki ParekhBlog, COVID-19

Procurement & finance teams and anyone with a 401k witnessed the extreme volatility of the stock market during the week of August 12th.  The financial markets are predicting a near term recession. The US-China Trade War is causing a global slowdown.  It is hitting Asia and Europe first. The US economy seems very strong right … Read More