Spend Matters

2 weeks ago | spendmatters.com | Felix Behr

We continue our Procurement Transformation Guide with a look at implementing an e-procurement transformation. Procurement has moved beyond a transactional function. It is now a strategic enabler of operational efficiency, cost savings and supplier innovation. Yet, many organizations struggle to modernize procurement processes, not due to a lack of technology, but because they fail to align workflows, stakeholder collaboration and automation effectively.

2 weeks ago | spendmatters.com | Felix Behr

We continue our Procurement Transformation Guide with a look at implementing an accounts payable (AP) digital transformation. AP has come a long way from being just a back-office function. What was once a transactional, paper-heavy process has evolved into a strategic enabler of financial efficiency, cash flow optimization and supplier relationships.

2 weeks ago | spendmatters.com | Bertrand Maltaverne

Procurement has long sought a strategic seat at the table. Today, it has earned it — but at a cost. As the bi-annual Deloitte CPO Survey makes clear, expectations have never been higher. The modern procurement leader must manage risk, drive ESG, deliver cost savings and enable innovation — often without additional headcount or budget. Against this backdrop, a new model is emerging: procurement as Orchestrator of Value. This was the focus of a webinar that took place on March 26.

3 weeks ago | spendmatters.com | Felix Behr

The contract markup (also known as contract redlining) market has been in an unpredictable situation in recent years. These providers, which solely focus on automated or semi-automated contract markup, often sell to procurement and legal departments and promise greatly expedited contract review times. We have covered many of these providers: <a href=BlackBoiler, LegalSifter, LexCheck, DocJuris, Lexion (acquired by Docusign), etc.

3 weeks ago | spendmatters.com | Bertrand Maltaverne

Digital transformation in procurement is no longer a question of ‘if’ but ‘how.’ Organizations invest heavily in (smart) workflow automation, analytics and AI-powered solutions to drive efficiency, enhance supplier relationships, improve decision-making and more. However, many procurement teams struggle with a critical challenge: how to quantify the return on investment (ROI) of these digital initiatives. For years, procurement success was largely measured in cost savings.