ProcureTech SIGNALS 2022 Issue #44
Welcome to this week's ProcureTech SIGNALS LinkedIn newsletter!
Over 50% of respondents in small and large sized corporations shared that using multiple systems can be challenging to manage payments.
Corpay 's Global Payments survey report uncovers payment?challenges and trends professionals are facing, as digital solutions pave the way for organisations.
"Look at where technology is being used within procurement organisations and it's often in areas of low-value, high-volume activity."?Jo Meehan, Professor of Responsible Procurement at University of Liverpool Management School.
JAGGAER 's whitepaper looks at how technologies like automation are?encouraging procurement to think differently. What potential could it unveil for companies?
It's?less than 3 weeks?until we announce the?2022 ProcureTech100?at our virtual event. Get your FREE ticket! We look forward to seeing you at?3pm GMT?on?22 November!
30% plan to invest in AP automation, payables and API solutions
Corpay 's Global Payments survey report uncovers payment challenges and trends professionals are facing.
Multiple cross functional payment systems, security/fraud and accurate, real-time data are the primary challenges for all organisations. Based on responses from more than 230 individuals across finance, the survey highlights that digital solutions are paving the way for organisations and their employees - which technologies are payables teams investing in?
Automation's 20-year journey - now it's time for procurement to think differently
Shifting from digitalisation of low-value, high volume to creating intelligent, strategic digital capabilities.
Starting with people and organisational change elicits a digital imperative for procurement. JAGGAER 's whitepaper focuses on how technology is fuelling procurement's growth, transforming tactical tasks into strategic and progressive capabilities.
News
The news that matters this week...
?? Sustainability startup? Retraced raises €6.5m seed funding?to expand its presence and automation platform
??? Beeline acquires workforce solution provider Utmost ?to complement its own technology and provide clients with enriched?value
???Cheap tech funding is no more! More discipline highlights the reveal winners raising cash
??? Dr. Elouise Epstein ????? 's?updated digital procurement spidergram?- can you spot your solution??
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?? Enterprise software platform ORO Labs ?raises $25m Series A funding?to reimagine procurement
Experiences
The must-attend digital and procurement experiences...
???The power of procurement ecosystems Archlet ,? Per Angusta, a SpendHQ company ?and? TealBook ?8 November
???Optimal '22 Arkestro ?8-9 November, Las Vegas
???Notion Live Notion Capital ?9 November, Copenhagen
???Celosphere Celonis ?9-10 November, Munich
???ENVISION London 2022 Onit ?15 November
???Slush 2022 Slush ?17-18 November, Helsinki
???ProcureTech100 PIONEERS 2022 ProcureTech, An ORO Labs Company ?22 November
???IoT Tech Expo Global TechEx Events ?1-2 December, Olympia, London
Podcast
Check out the featured podcast...
?? Rich Sains , Founder of strategic planning and insights platform Acada , joins HICX to discuss how Procurement continues to provide value for companies, where more investment could improve its potential even more.?Listen here???
If you enjoyed this newsletter, then please share with your peers and friends, more collaboration and conversation = more inspired action!
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As usual, we'd also love to hear your wisdom, feedback and suggestions on any 'hot'??? digital procurement topics or events you'd like to hear more about or to share.
The?ProcureTech?Team