Procure to Pay: Best practices in six key points

Salon Solutions is always an exciting event, and a great chance to hear the latest buzz and get a feel for what’s going on in our industry. As Senior Solutions Strategist for Determine in France, I am pleased to say that this three-day show in Paris was hugely successful in terms of attracting attendees to our booth and engaging them on a personal level. What’s more, speaking at various events was a chance to share our vision and technology around Procure-to-Pay … More

Concentric Supplier Risk Management

Today, executives in all functions and lines of business are driven to create shareholder value. Nothing can destroy the perceived value of an investment faster than negative press, which can do irreparable damage to a brand. In some cases, the cause of the criticism may not even be due to a company’s own actions, but rather those of their suppliers (or suppliers’ suppliers). When a supply chain extends across the globe, procurement may have to extend the scope of their … More

Big Data, predictive analytics and prescriptive analytics will drive future enterprise performance.

What value does the Determine Cloud Platform add? How can its Big Data offering assist buyers? And what advantages are offered by the predictive and prescriptive analytics developed by Determine? In mid-September, I was interviewed about recent and forthcoming developments of Determine’s Cloud Platform Source-to-Pay and Contract Management solutions, which cover the entire finance procurement process. The original interview appeared in the French procurement magazine, Décision-Achats. What fundamentally distinguishes you from your competitors? What would you say is the main … More

November Determinews: Giving thanks as we look back and accelerate forward.

As we head for another calendar turn, I’d like to thank you, our customers, for being the driving force behind making our solutions ever better as we fully implement our Cloud Platform. The best is yet to come – stay tuned as our global team sets the bar even higher in the year ahead. Get a taste in the following resources. As always, please feel free to contact me with any comments atteam.success@determine.com. Determine Cloud Platform on cloud 9 Our … More

A platform approach for improving the link between supplier & contract management

When we look at software, we often tend to think of the use case in isolation – or as a horizontal if you will. Think back to when you first started using MS Office. Word was for creating documents, of course; PowerPoint for presentations; Excel for spreadsheets; Outlook for emails and calendars. But today, the interactions of all of these business-related activities has blurred the lines of functionality based on intent and use. Creating document templates with PowerPoint or using … More

16.9 release blog – Dashboards here, dashboards there, dashboards everywhere: But it’s about usability, visibility and control.

While dashboards are nothing new to the world of enterprise software, they are becoming a window for core interaction and a unique differentiator for enterprise cloud applications. UI/UX Design has come front and center for enterprise applications in the post-ERP era. Today the advantages of the platform are no longer linked to complex screens that promise the world, but need to be fine-tuned by a software engineer to be fully utilized. VS. The analogy I like to use is this: … More

Investing in Corporate Governance to Ensure Compliance

Governance and compliance are terms that are often used interchangeably to describe the “law and order” part of procurement’s responsibilities. That being said, they are not quite the same thing. Governance captures the rules in place regarding purchasing and spend management, while compliance is the adherence to (and/or enforcement of) those rules. In a perfect world, governance is what you do and compliance is what you get in return. Historically, most organizations have predominantly focused on compliance. This may be due … More

e-Procurement Open Lab Conference: “Discovering the e-Procurement of tomorrow.”

At the Salon Solutions trade show in Paris on September 21, I shared with attendees Determine’s vision for the future of Procurement Information Systems. What follows is a summary of my key points. Procurement Solutions and Organizations, after some twenty years of development, are now reaching maturity. Even though implementation levels are different from one continent to another, it is still possible to consider what the future might hold. Procurement Solutions will bring three main areas of innovation to Procurement … More

Increasing Visibility to Build Understanding

Procurement needs to be familiar with their company’s spend and purchasing habits on a very detailed level. This requires a combination of spend analysis, contract reviews and stakeholder interviews. What they must remember, however, is that procurement does not just need to increase visibility for the sake of their own understanding, but rather to increase the understanding of all decision makers in the organization. This might include helping the CFO see past savings to appreciate the value of process improvements, … More

IACCM San Diego – Contract Management digitization continues its transformation

Observations from the IACCM Americas conference A recent Liberty Mutual commercial highlights a woman talking about a typical car insurance contract being 22 pages long, and that most people don’t read it except lawyers because no one really understands it; to the average person it reads “blah blah blah blah blah”. Hitting a nerve even in the world of commercial contracts, it is evident that contract management today needs to get beyond the traditional legalese of typical contracts designed by … More

BPM and Procure-to-Pay: The engines driving the digitalization of the Procurement—Finance relationship

At the Salon Solutions trade show in Paris on September 21, a Round Table event was held on the topic of BPM (Business Process Management). I was invited along with a number of other experts to present my views on the topic of “How to deploy BPM: a powerful engine driving enterprise digitalization.” Here are some of my thoughts from that discussion: Optimizing processes to improve business performance may not be a new idea in and of itself, but BPM … More

October Determinews: Scaring up the latest in supplier management.

Just because Halloween is around the corner, kids shouldn’t get all the good stuff. So, we’re handing out the latest in supplier management best practices this month. From risk to spend management to process improvement, our goal is to continue helping you take your procurement organization even further through supplier optimization. If you like what you read, don’t hesitate to share this to your colleagues. Event Recap: France September is always a busy month in France, but this year was … More

Enable Your Organization: Processes, Systems, and “Boundaryless Companies” in the Technological Age (Series 2 of 2)

This article was first published in the ACC Docket, August 2016. In Part 1, we covered the idea of technology as both the catalyst for – and result of – “boundaryless” organizations, and why legal needs to embrace expertise in these integrated systems. In Part 2, we look at how people are also becoming silo-less through the power of self-service. Employees without boundaries: Going self-service. To go back to Jack Welch, he elaborated on “boundaryless companies” and described them as … More

The future of procurement—powerful and seamless—now served on a platform.

Featured Resource: Procurement, platforms and the future. In the beginning, there were point solutions. Solved a lot of spreadsheet headaches (data misentry, anyone?), but had their own challenges. Enter the solution suite — digitized processes, integrated modules, standardization — and end-to-end automation. Perfect. Almost. As procurement organizations continue to move up the maturity curve, shortcomings in the solution suite model become increasingly apparent. The ability to extract and leverage all data across an enterprise is how procurement will find new … More

Enable Your Organization: Processes, Systems, and “Boundaryless Companies” in the Technological Age (Series 1 of 2)

Source This article was first published in the ACC Docket, August 2016. This two-part blog series explores the concept of the “boundaryless” enterprise, and the role that legal plays in this seamless world. In Part 1, we’ll get into how technology is essential for legal teams in not only managing all that interconnectedness, but the risks and potential that come with it. Good business processes and systems breed successful businesses. As corporate counsel, we must be more than simply attuned … More