Category Archives: Featured Posts

Featured Posts

Empower procurement managers with a complete P2P system.

Cost reduction and cost control: It's The Holy Grail of every financial manager at every for-profit company. It's also the goal of every non-profit organization seeking to stay within the boundaries of their allocated budget. The entire cost-containment process is made much easier with the right architecture and tools in place for driving enterprise-wide compliance to agreed budgets. Controlling costs In these difficult economic times, it is more important than ever before to exert appropriate, cost oversight and control–at each … More

P is for Procurement… except when it isn’t.

The Finance team manages the finances of the enterprise. Marketing people market services and solutions to the purchaser (or customer). Human resources manages… well humans. Given those examples, you would think that Procurement handled procurement. In an ironic twist, this is becoming less and less true—especially as technology evolves and blurs the line between Procurement as an entity and procurement as a process. It used to be that every company had buyers; they were the people managing contracts and placing … More

Getting to Insight (Part 4 of 5)

This is the fourth in a five-part series discussing the obstacles and potential paths forward to achieve visibility – essential to any Procurement organization. The article was initiated based upon the following Ardent paper – HERE. In the first, second and third installment overall Spend and Savings were discussed. Let’s examine the third key area or leading indicator of procurement success: Risk. Risk For the past couple of years, I have been talking to prospects and customers about the topic … More

Still in the dark ages?

It’s time to face the music; your outdated processes and technologies are killing your business. Successful businesses of the future must adopt and embrace change. For years now, as an analyst or consultant and a managing operator, I have been a catalyst for change within organizations. Today, cloud computing and certainly mobile and big data are changing the future of business. But more than that, the digital revolution has led to a wave of connected technologies and a culture of … More

Improving the Speed, Accuracy, and Cost of your Procure-to-Pay Spend-Management System

One of the trends we’re seeing at Selectica is the ever increasing rate of companies–even small ones–abandoning their manual, paper-based procurement systems for the proven efficiencies and documented cost advantages of cloud-based, SaaS (software as a service) procure-to-pay, spend-management systems. The reasons for this migration are both numerous and compelling. The tipping point for transitioning to an automated spend-management system usually comes when the veritable “flood” of paper invoices, delivery receipts, and PO’s begins overwhelming the accounts payable team. Symptoms … More