by Olivier | Jan 23, 2023 | e-Procurement solution, Source-to-Pay
In this blog, we will explore the most efficient way to determine the ROI of a Procure-to-Pay solution. In the first part of this blog, we will look at the steps to calculate an exhaustive TCO. In the second part, we will look at the potential savings associated with...
by Olivier | Jan 16, 2023 | Spend analytics
“Who ordered this? We don’t have the budget for it!” I knew our IT budget would be tight this year, so this last $50K upgrade invoice is really throwing my budget totally out of whack. During our last quarter meeting, one of my Project Managers (PM) mentioned this...
by Olivier | Jan 9, 2023 | Contract Management
The current economic downturn has transformed a number of industries from sellers’ to buyers’ markets. Corrugated is the poster child. Now is the time to lock in favorable pricing. But be wise as you contract. Those who are short-sighted may suffer the consequences as...
by Olivier | Jan 2, 2023 | Contract Management
I went through the Aberdeen research library last week and found an older study on Contract Management in the Mid-Market which had some interesting findings. At the high level, Aberdeen states: Mid-sized companies tend to lag in terms of technology adoption; with...
by Olivier | Dec 26, 2022 | Contract Management
This month, I received my copy of Contract Management Magazine and noticed an article written by a couple colleagues I know in Washington DC – Raj Sharma and Jim McIntosh. They are also pretty well known in procurement circles from the Freemarkets background and their...
by Olivier | Dec 12, 2022 | e-Sourcing solution
It never ceases to amaze me that during harsher economic times, organizations choose to reduce/cancel budgets for procurement projects. It is understandable for those functions that are more client-facing, where revenues are challenged, but why the procurement budget?...
