Published By: SAP Concur
Published Date: Aug 07, 2019
"Spend Management is the planning, process, and system of managing business dollars to positively affect the production of products and services. Spend management usualy includes processes relating to procurement, supply chain management, and outsourcing. Optimal spend management relies on the ability to understand and control company spend through automation tools and analytics.
Steps to Strategic Spend Management
All CFOs are concerned with how their company is spending its money. However, this is of particular concern for CFOs of small to mid-size businesses who need to manage their cash flow effectively to survive.
To survive and maintain a competitive advantage, companies need to be strategic in their spend management and identify ways to invest wisely to meet current demands and fuel growth for the future. Expense and invoice management can no longer be viewed as simply a cost center.
Download this white paper to explore five initiatives that can help guide your company towa
Published By: SAP SME
Published Date: May 09, 2017
As informações descritas abaixo são úteis para compreender o conteúdo deste white paper de proposta de valor. Elas fornecem detalhes sobre o objetivo e o escopo do artigo. As principais definições também são dadas para as seções selecionadas do artigo a fim de fornecer esclarecimentos adicionais.
Procurement fraud affects nearly one-third of organizations, and it is often perpetrated by the most trusted, longtime employees, the ones you’d least suspect. Learn from three white-collar crime specialists about common flavors of procurement fraud, striking examples from recent headlines, four fundamental ways to get better at detecting and preventing fraud, and how to take procurement integrity to the next level.
Traditional procurement fraud detection methods – manual searches; spreadsheets; and simple slice, dice, filtering and reporting from silo systems – are not keeping pace. Whatever tools and processes are in place now, there’s always the opportunity to evolve to a higher level for more accurate detection – more high-value alerts and fewer
Published By: Staples
Published Date: Jun 01, 2017
Watch this on-demand webinar to hear senior research director Patrick Connaughton from the Hackett Group review the latest research on supplier segmentation and stratification strategies. You’ll also get practical advice on implementing these best practices at your organization.
Published By: Staples
Published Date: Jan 05, 2018
As many procurement directors know, supplier stratification has both a strategic element and a tactical element. Watch this on demand webinar to learn how to design and implement a supplier segmentation strategy that aligns with the C-suite’s goals as well as the procurement organization’s roadmap.
Published By: SunGard
Published Date: Aug 13, 2012
Today's IT organizations are faced with the daunting task of optimizing all aspects of their departments, including people, processes and technology. Optimizing and streamlining server utilization through virtualization represents one particularly exciting example. We found that one of the most popular usage models for virtualization is to drive down server procurements in development, test and production environments. When this model is followed, future server purchases are avoided; instead, new workloads are established on existing systems.
Published By: Tenable
Published Date: Mar 08, 2018
Which questions have you overlooked and why do the answers matter?
According to Gartner, “OT SRM (security and risk management) leaders must ask the right questions during the technology procurement process to achieve long-term success in their security investments.” Further, Gartner states, “Translating IT security practices and copying IT security technology will not result in a secure operational technology (OT) environment.”
By reading “7 Questions SRM Leaders Aren't Asking OT Security Providers,” you’ll learn which questions to ask, why they matter, and be armed with follow-up guidance to make smarter decisions. Questions covered include:
- Does the Solution Provide Asset Discovery to Enable Operational Continuity and System Integrity?
- Does the Solution Detect and Alert on Known Common Vulnerabilities and Exposures?
- Does Your Solution Provide IT Support in Addition to OT?
- Does Your Solution Support Secure IT/OT Alignment?
Threats and vulnerabilities originally targeti
Virtualized IT infrastructures can simplify management and facilitate business continuity while helping minimize power consumption and procurement costs. Virtualization also helps organizations automate disaster recovery plans. Dell EqualLogic PS Series arrays and VMware® Site Recovery Manager (SRM) software provide integrated, cost-effective, automated site recovery and testing for enterprise data centers.
Published By: Workday
Published Date: Sep 14, 2018
This guide from GovLoop offers nine IT priorities that can help state and local governments stay on the cutting edge. Read the guide to learn how the latest trends in recruitment, procurement, and cloud computing technology can help you increase efficiency and reduce costs.
What is the current state of cloud adoption for Financial Applications?
Financial applications have been slower to move to the cloud compared to other domains such as human capital management and procurement. However this is changing, Gartner predicts that within 4 years, 47% of total expenditure on financial management applications will be on cloud applications. That will be up from 30% in 2015.
We have included four reasons why we see this tipping point happening right now.
If the go-go 1990s, with its fast money and flush credit seeking rapid and steep returns, created the demand for "renaissance" Chief Financial Officers ("CFO"), who could manage (and market) both the strategic and financial operations of the enterprise, the more sobering decade that followed led directly to the creation and subsequent rise of the Chief Procurement Officer ("CPO"), who could reduce costs, build internal relationships, and develop strategic suppliers efficiently and effectively.
In today's highly-competitive markets, more and more procurement and sourcing professionals are looking to streamline processes and drive superior performance. In the quest for higher savings, more spend under management and increased compliance, sourcing executives must turn to their own repository of spend data to effectively identify opportunities for savings and gain a deeper understanding of their corporate spend.
The global recession is taking no prisoners. Neither industry, nor region, nor company-size has provided shelter from its impact. Within the enterprise, few business functions have been unaffected. Yet, as this business downturn continues, the Chief Procurement Officer's ("CPO") agenda and the CEO's agenda have started to converge.
The strategic sourcing group has faced myriad challenges over the last two decades, including a fluctuating economy and increased expectations to bolster the enterprise bottom-line. However, the last few years have brought about a new, complex challenge: continue to drive procurement performance while finding fresh cost savings within other areas of corporate spending.
In the past decade, procurement and finance executives have become generally aware of the potential impact of supplier insolvencies, supply disruptions, commodity pricing volatility and the impact that these-not to mention a range of other dangers lurking within their supply chain can have on their business.
Spend analysis has gradually become the top process in the procurement executive's toolbox, placing itself in the top tier of functionalities alongside e-sourcing, e-procurement and strategic sourcing solutions.
Spend Matters research has long considered Hackett Group metrics to be the gold standard of P2P benchmarking. As part of the collaboration for the research for this report, Hackett agreed to share with Spend Matters some of the findings from its latest P2P benchmarks.
Spend Matters has long argued that spend visibility and contract management have always been two sides of the same coin. Companies can leverage an integrated spend analysis, contract management and P2P solution set to institute real-time controls to validate a number of possible spend variables.
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