November DetermiNews: A review of the month in source to pay and contract management

Determinews Blog Masthead

If you search online for “agility and adaptability,” (or, like in our last blog, ask Alexa), chances are the links shown will be a menu of education, supply chain and leadership topics. Which works perfectly to summarize what we covered this month: Agility is the ability and willingness to learn from experience and apply that to perform successfully in new situations; Adaptability is to embrace change. We strive for both every day, and help our customers do the same.

McKinsey had a report recently that showed, conclusively, that companies which aren’t at least partially on the way to digital transformation are already at a serious disadvantage. Our customers know this, which is why last quarter 100% of them onboarded the Determine Cloud Platform (DCP).

DCP is designed to be modular, which means agility is built in: customers can start with one or two solutions, and simply add on more as needed. The data is integrated, the workflows are unified, the user experience is seamless. Just as critical, it’s self-service configurable – need to change the way you work? Go ahead.

Which is also the upshot of a survey by French procurement publication Decision-Achats. Configurability came up consistently as something customers really want to to be able to do themselves. Especially as more and more millennials are populating companies (and taking over management).

A good case in point, and example, is our customer Monoprix. As one of the biggest retailers in France, their need for agile procurement is based on having 600 retail locations, not all of which are selling the same product lines. They turned to us for the flexibility and agility our eCatalog capabilities provided them in working with their suppliers.

Speaking of, getting strategic with supplier relationships was the topic of our webinar with PayStream Advisors, which was based on their 2017 Supplier Management Report. By providing consummate Supplier Information Management and Supplier Performance Management agility, we’re working to turn the pain points, challenges and needs facing companies in different industry verticals into opportunities.

As always, please feel free to contact me with any comments and suggestions of content you’d like to see at scb@determine.com

 us on LinkedIn for all of our latest updates!


Many thanks! Giving Thanks

100% of our new customers chose the Determine Cloud Platform last quarter, which gives us a whole lot to be thankful for. Read On >>

Monoprix Storefront Attention Shoppers

Most people don’t think about how what they buy gets bought by stores. That’s good – we help Monoprix make it a seamless experience. Read On >>

PayStream Webinar: Strategic Supplier RelationshipsTake Responsibility

Watch and learn how to manage your supplier relationships to better manage third-party risk. Watch Now >>

Hands On

Kelly Barner makes the case for why Procurement needs to stay involved in contract management even after the contracts are signed. Read On >>

PayStream-Strategic-Supplier-Relationships-ReportRelationship Building

Good supplier relationships are the keys to building business, and access to accurate information is key to achieving strategic supplier management. Read & Download >>

Perfect Union

Bethpage Federal Credit Union, the largest credit union in the Northeast region and in New York State, has selected Determine for its best-in-class Procure-to-Pay functionality. Read On >>

Results Matter

Accelerating new customer wins and expanding adoption of the Determine Cloud Platform builds increased business momentum for Determine. Read On >>

All Aboard

Determine accelerated performance to a new level by achieving 100% new customer growth in the second quarter on the Determine Cloud Platform. Read On >>

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