Category Archives: Technology / SaaS

Finance CFO Introduction (Series 1 of 5)

When you’re a CFO – no matter what company you happen to work for – it’s hard not to take a straight line finance perspective. As the CFO of Determine, I’m constantly faced with the challenge of balancing the requirements of finance and accounting with the needs of procurement and legal. After all, they are our customers too. I followed the recent series of blog posts by Kelly Barner that Determine ran on procurement maturity. It is interesting how clear your own viewpoint becomes … More

ePayments: an idea that continues to evolve

In the context of payment, the concept of “the check” was conceived by Dutch traders in the early 1500s. The check became a way of banking through clearing houses and a safer alternative to keeping money at home. Today, 500 years later, check payments continue as an accepted form of monetary transactions. However, the idea of making payments “digitally” continues to intrigue and influence the goals of accounts payable organizations. The sheer scale of transactions has created a need for alternatives … More

Determine is Bringing Innovation Through Experience & Modernity – Series 3

To understand the trend in technology and how Determine is addressing it is by looking at this from the persona of the company. Organizations want to be smarter by being able to collaborate in new ways using a common platform approach. Taking this concept as part of adopting solutions is something Forrester Research has looked at around the concept of a smart process applications. According to Forrester, what defines a smart process application is the ability to: Import or embed … More

The Strategy Behind Bringing Procurement and Contracting Closer Together

Today, contracts can no longer be filed away, retrieved only to resolve disputes later. They need to become more dynamic and play an active role with other business processes to realize their full potential. Why? Because the business landscape has been growing more complex for years now, with contracts at the center of every deal to ensure all parties deliver what’s promised. On both the buy – and sell-sides, businesses face increasingly complicated regulatory demands. Intricate supply chains may escalate … More

Selectica Showcases Integrated Sourcing Solutions at ISM2015 Conference

I’m really looking forward to attending ISM2015 next week in Phoenix—the premier supply management conference of the year. It’s a great opportunity to learn from some of the brightest minds in the industry, and to network with over 3,000 supply chain and procurement professionals from across the globe. It looks to be their biggest event ever, so you don’t want to miss it! There is certainly an impressive lineup of featured speakers. Robert Gates, the former Secretary of Defense, will … More

What’s up at Selectica? The perfect marriage between CLM and procurement.

It’s no secret that industry analysts note enterprises worldwide are fraught with low adoption of legacy procurement software. As a result, one of the main problems Chief Procurement Officers (CPOs) face is the lack of visibility and control of transactions. Procurement needs technology vendors with vision who can deliver the ability to combat rogue buying and improve spend management and contract lifecycle management (CLM) with more functionalities. CPOs today want products and solutions with source-to-pay features that are easy to … More

Answers to your questions about Selectica’s acquisition of b-pack

Selectica has just announced the acquisition of b-pack, an industry leader in Purchase to Pay. Since the merger of Selectica and IASTA a year ago, it’s been our goal to provide customers with tailored end-to-end upstream and downstream supply management solutions integrated with enterprise-wide contract lifecycle management. With b-pack, it’s all now possible. We know this is an important step toward efficiency for global enterprises weary of managing multiple vendors in disconnected pieces.   As Chief Sales Officer responsible for … More

Enterprise technology – A future written by millennials?

In viewing the release of our newest sourcing platform during a demo, I tried to discern all the pieces that I saw as unique or compelling. Looking past core features in the sourcing platform, such as RFx, auction and award management capabilities, I saw aspects of the new platform that are clearly distinguishable. Things like a slick and simple UI, collaborative reporting, in-app messaging and other social media, including capabilities for networking, made me think of the evolution of technology … More

re:build 2014 – Process is Documented Culture

“Process is documented culture.” This quote was discussed by Michael Lopp (engineering leader at companies such as Borland, Netscape, and Apple) at re:build 2014, a technology conference I attended in Indianapolis. While I took away a lot of great information, Lopp’s discussion particularly resonated with me. The best processes really do grow organically over time as a result of culture, and when implemented correctly they imply a fluid and effective approach for an entire team. This is ultimately what everyone … More

3 Reasons to Choose BoB vs ERP

By design, ERP solutions were intended to cover the ground of multiple applications on a single platform. But while great in theory, ERP solutions don’t always work effectively using only “one” platform. In fact, organizations are often pressured or forced to think using an ERP suite is the only option. However, choosing a Best-of-Breed (BoB) solution somewhat negates this approach and in some cases simply makes sense for an organization to adopt this single platform approach. While one size does … More

5 Common (and Dangerous) Misconceptions about Sourcing

With the constant changes and innovations occurring in today’s world, sourcing is often a bit of a moving target. And often other departments and stakeholders are confused about (or unaware of) the definition and value of strategic sourcing. What’s the strategic sourcing process look like? Who is responsible and accountable for sourcing events? What technology is used, and how can other departments benefit from this technology? These are just a few of the questions that drive the misconceptions about strategic … More

Your Top 10 Questions About Supplier Risk & Big Data

Are you suffering from information overload? If so, you aren’t alone! We live in a word full of too much information and data being thrown at us- both personally and professionally. In fact, Gartner predicts that enterprise data will grow 650 percent in the next five years. And IDC argues that world’s information now doubles every year and half. Talk about an explosion of data! Trying to get a handle on this information and knowing the best ways to create … More

4 Procurement Predictions for 2014: Part 2

Welcome back! Just joining in? In Part 1 I discussed two trends that we should look for in Procurement in 2014. Today, I’ll share the final two trends: 3-Increased consolidation of procurement and supplier data analytics –Analytics will continue to drive improvements in the ability to take action in business, probably more than any other technology medium for procurement and business at large. Due to the “Big Data” phenomenon, Analytic / BI platforms will increasingly need to accommodate third party … More

Moving Beyond Cost Reduction to Cost Avoidance: Part 2

Welcome back! Just joining in? Check out Part 1. In order to better understand the trend towards cost avoidance, consider traditional cost containment questions in sourcing which may include: What is the historical price of what we are buying? What discounts / savings can we get from buying now? What is our existing contractual relationship with that supplier? However, when addressing cost avoidance, the questions become much more complex. A cost avoidance mentality drums up sourcing questions such as: What … More

3 Steps to Improve Savings Recognition within Your Organization

How can savings recognition improve and have an impact on your procurement organization? Iasta Director of Sales & Marketing Enablement, Constantine Limberakis, participated as a speaker in our recent Webinar titled, “Strengthening Procurement’s Impact: How to Capture the Bigger Picture of Savings”. Constantine discussed three steps to improve savings recognition within the organization: 1-Establish consistent savings definitions and types: The lack of consistency in the definition of savings has caused misinterpretations between Procurement and Finance. As discussed in Iasta whitepaper, … More