Posted by Bruce Logan, Value Consultant, JAGGAER in Source-to-Pay on May 26, 2020
As a 25-year veteran in procurement and a value consultant here at JAGGAER, Bruce Logan is well versed in strategies for reducing spend and maintaining liquidity. That’s why he recently hosted a webinar called Money in Hand: How to Adapt Promptly and Conserve Your Cash. We want to share some of the questions that he […]
Read More
In five to ten years, procurement in many of the world’s leading companies will be “truly digital”. They will have succeeded in transforming their procurement organizations to leverage artificial intelligence-based technologies to achieve autonomous procurement. But what does this mean? How will we get there? And where are we now? Autonomous Procurement: The Reality versus [...]
Read More
Posted by Chris Masterson in Procurement Resources / Source-to-Pay on May 5, 2020
On Thursday, JAGGAER’s SVP of Strategic Operations Kristian O’Meara sat down with our COO/CFO Vic Chynoweth and Discover Global Network’s Head of Finance Bill Franklin to discuss how CFOs can be most effective in responding to the global COVID-19 crisis. The conversation ranged from communicating priorities to maintaining cash and collaborating with the procurement function […]
Read More
Posted by Amenallah Reghimi, VP of Product Management, Cognitive Intelligence, Category Management and Analytics in Autonomous Procurement / Source-to-Pay on April 30, 2020
With hot new buzzwords coming and going year after year, it’s hard to blame any procurement professionals who are becoming disillusioned. One of the latest, “autonomous procurement,” has been the focus of writings by industry experts both enthusiastic and less optimistic. But many purchasing team members, including leadership, still lack clarity on what exactly the term means. Understanding the definition of autonomous procurement – […]
Read More
Posted by Amenallah Reghimi, Vice President of Product Management, JAGGAER in Source-to-Pay on March 24, 2020
It’s OK, we understand. Here we are throwing another buzzword at you. But bear with us because it is not really the words that matter, but the thinking and the technology behind the words. And most importantly, what augmented analytics can do for you. Read up on How Augmented Analytics Will Transform Your Organization: A […]
Read More
Posted by Ed Walker in Procurement Resources / Source-to-Pay on October 29, 2019
Deloitte’s 2019 Global CPO Survey identifies the key challenges that procurement professionals are struggling to tackle. The biggest risk factors, according to the survey, are the economic downturn and deflation (cited by 42% of respondents), internal complexity due to M&A activity, organizational silos, non-standard processes (39%), managing complexity within mega-suppliers (37%), trade war (33%), managing […]
Read More
Posted by Chelsea Davis in Source-to-Pay on October 28, 2019
You identified a compliance problem within your procurement process. You came up with a plan. You created PowerPoints and ROI spreadsheets worthy of an award. Your boss loved it. Now all you have to do is get everyone else on board. With a plan that makes such obvious sense, it should be a piece of […]
Read More
Posted by Chelsea Davies in Autonomous Procurement / Source-to-Pay on September 23, 2019
A Gartner report published in September 2018, entitled “The Impact of Artificial Intelligence on Procurement Software Applications” set out the reasons why many procurement leaders are hesitant about investing in artificial intelligence (AI) solutions. The headline reason can be summarized in one word: hype. Based on the Gartner research and our own extensive survey findings, […]
Read More
Posted by Chelsea Davis, Marketing Manager in Autonomous Procurement / Source-to-Pay on July 25, 2019
Procurement is central to the profitability of organizations in all industry sectors. Given the value that procurement delivers, you would think that the function is ripe for digital transformation. But the reality is rather different. Why is this? Our 2019 Digital Procurement Survey, Digital Transformation in Procurement: How Close Are We? provides some answers. We […]
Read More
Posted by Andrada Sabo, Content Marketing Manager, Xoomworks Procurement Consultancy in Source-to-Pay on May 14, 2019
Source-to-Pay software or, simply put, S2P is an integrated suite of applications developed to take care of and manage each and every process within the procurement function. A typical S2P solution can effectively manage purchasing activities that range from spend analysis, e-auctions, purchase requisitions, sourcing events, invoice and payment processing and vendor relations. A well implemented S2P solution can [...]
Read More
