Spend Matters

ICYMI: A procurement professional’s guide to risk events and mitigation strategies — FMCG: As part of our theme this quarter on Procurement’s role and value in #supplychainriskmanagement, we are speaking with practitioners in the field to understand their perceptions of risk — clearly different industries perceive types of risk in different ways. We want to know what are their main concerns, how they intend to […] The post A procurement professional’s guide to risk events and mitigation strategies — FMCG appeared first on Spend Matters.

ICYMI: Risk management solution providers and what their customers really want – Exiger: As part of our Q4 research into supplier risk, third-party and supply-chain risk management (TPRM/SCRM) and the solutions that support it, we have not only conducted analyst- and market-led research in the shape of analyses, advisory, definitions and webinars, but taken the pulse of the practitioners who use that technology and who deal with risk […] The post Risk management solution providers and what their customers really want – Exiger appeared first on Spend Matters.

@SpendMatters released a new article! How spend analytics solutions support risk management Dive in here: https://ow.ly/kvqE105PUQ5

?? Digital Procurement Transformation: Share Your Insights! ?? Adopting digital procurement tech is about more than just tools—it’s about creating value and overcoming challenges. We’re gathering feedback from procurement leaders on their S2P journey. Key questions: ?? What motivated your digital shift? ?? How’s your S2P tech performing? ?? What challenges did you face? Your input will help others navigate the transformation. ?? Take our 15-minute survey by Dec 6th: https://lnkd.in/gDzUFhsa #DigitalProcurement #ProcurementTech #S2P #ProcurementLeaders #Survey

How #spendanalytics solutions support risk management: #Spendanalytics vendors do what their name implies: they derive insights from spend data. However, that is not all they are capable of doing. Many spend analytics vendors apply that analytical expertise elsewhere, such as contracts, carbon emissions or supplier performance. This results in analytical data not just for those areas but also dashboards and opportunities that use hybrid data (spend + another factor) to help determine KPIs and enterprise goals. This piece covers how risk data specifically comes into play for traditional spend analytics vendors. The post How spend analytics solutions support risk management appeared first on Spend Matters.

ICYMI: smartKYC: Vendor Analysis — Supplier risk solution, overview, competitors, user considerations, analyst summary: This Spend Matters Vendor Analysis gives an overview of smartKYC, a risk (supplier due diligence) solution built to ensure that organizations stay on top of reputational and compliance risks. With the increasing number of regulations in recent years that require companies to perform due diligence in their supply chains, e.g., the German Supply Chain Act, California Supply Chain Act, and EU's Corporate Sustainability Due Diligence Directive (CS3D), companies are faced with multiple challenges. One is to collect and analyze information to ensure their partners are not engaged in malicious activities that would create compliance and reputation risks. smartKYC is a solution that helps address such challenges. The vendor started in the banking industry, which has had similar regulations for many years and requires financial institutions to scrutinize their customers (Know Your Customer). As supply chain-related regulations started to appear, the company extended its value proposition and potential market to companies wanting to benefit from KYC-like capabilities for their third parties (KY3P, Know Your Third Parties), including suppliers. This Vendor Analysis provides an overview of smartKYC, a look at the competitive landscape, user considerations and an analyst summary. Here’s why smartKYC matters: To the market — smartKYC increases an organization’s productivity and compliance by ensuring they never miss emerging risks or events related to their supply chain To potential buyers — smartKYC can either serve as a standalone solution to watch specific companies or integrate with other procurement solutions to provide in-depth and real-time insights about the companies with which they work. The post smartKYC: Vendor Analysis — Supplier risk solution, overview, competitors, user considerations, analyst summary appeared first on Spend Matters.

@SpendMatters released a new article! SpendHQ: Vendor Analysis (Part 1) — Spend analytics solution overview, company background, platform and services overview, modules and application overview, roadmap and vision Dive in here: https://ow.ly/95Wt105PP66

@SpendMatters released a new article! SpendHQ: Vendor Analysis (Part 2) — Spend analytics product-level strengths and opportunities, voice of the customer, competitors and market analysis, user considerations, analyst commentary and summary Dive in here: https://ow.ly/R6zt105PP65

SpendHQ: Vendor Analysis (Part 1) — #Spendanalytics solution overview, company background, platform and services overview, modules and application overview, roadmap and vision: In this Spend Matters Vendor Analysis we provide an overview of SpendHQ and its solution for #spendanalytics and procurement performance management. Part 1 of this vendor analysis provides a detailed overview of each module and includes an analyst summary. In part 2 of this series, we will provide more details on the strengths and opportunities of the solution, review the competitive landscape and provide selection considerations. Spend analytics is crucial for procurement teams as it provides valuable insights into the organization's spending patterns, supplier performance and potential cost-saving opportunities. Additionally, spend analytics enables procurement teams to track compliance with procurement policies, identify potential risks and ensure that resources are allocated efficiently. Overall, spend analytics plays a vital role in helping procurement teams drive strategic sourcing initiatives, enhance supplier relationships and ultimately contribute to the organization's bottom line. SpendHQ is well positioned to accomplish all of the above, as it is able not simply to track spend data but actually create and track savings plans (opportunities/projects) based on that spend data. Additionally, it can model and marry a variety of data alongside the spend, from contracts to risk. This Vendor Analysis also explores: The concept behind SpendHQ and the pain points it addresses The platform, application and supporting services that SpendHQ delivers Verified customer reference analysis of how the solution is actually working in the field Competitive market analysis within SpendHQ’s addressed market segments and its top competitors Overall analyst assessment of SpendHQ and its solution to meet market needs Here’s why we think that SpendHQ matters: To the market — SpendHQ brings not only expert spend analytics but also performance tracking and project management to the S2P market. To potential buyers — SpendHQ has over a decade of experience in spend analytics and procurement performance management and brings a breadth of analytics not only in spend but in related areas such as contracts, risk and carbon emissions. The post SpendHQ: Vendor Analysis (Part 1) — Spend analytics solution overview, company background, platform and services overview, modules and application overview, roadmap and vision appeared first on Spend Matters.

SpendHQ: Vendor Analysis (Part 2) — #Spendanalytics product-level strengths and opportunities, voice of the customer, competitors and market analysis, user considerations, analyst commentary and summary: Part 2 of this Spend Matters Vendor Analysis focuses on the strengths and opportunities of SpendHQ’s #spendanalytics solution. We will also look at the voice of the customer and the elements to consider when looking at SpendHQ as a potential solution provider. Part 1 of the series provided a history and overview of SpendHQ’s spend analytics solution as well as the solution’s roadmap/vision. The post SpendHQ: Vendor Analysis (Part 2) — Spend analytics product-level strengths and opportunities, voice of the customer, competitors and market analysis, user considerations, analyst commentary and summary appeared first on Spend Matters.