One irony that historians note is that turkey was most likely not eaten on the first Thanksgiving. But tradition is what it is, and turkey is on the menu today. With that being said, there is a lot of turkey to be had this year.Continue reading >>
While I'm certainly not one for unbridled patriotism, I've always had a soft spot for the motto "e pluribus unum." It could be that it takes me back to my days of high school Latin but that does not fully account for the sentimental impact of the words.
The translation, like most from Latin, allows for a bit of nuanced interpretation. The range of translations typically include "One out of many" or "One from many," and the one favored in the States, "Out of many, one."Continue reading >>
Strategic sourcing suites are widely used by many in procurement today. Recent research from Gartner notes that majorities of large U.S. and Western European-based companies have invested in one, and rarely buy an e-sourcing application by itself anymore.
As a technology, eSourcing has been around for over a decade. But to enhance functionality beyond RFx and reverse auctions, most purchases of strategic sourcing today also include integrated spend analysis, contract lifecycle management and/or supply management solutions.Continue reading >>
In this blog, we will explore the most efficient way to Determine™ the ROI of a Procure-to-Pay (P2P) solution. In the first part of this blog, we'll look at the steps to calculate an exhaustive total cost of ownership (TCO). In the second part, we will look at the potential savings associated with P2P.
In his last article, Xavier Olivera - editor at SpendMatters.com, enlightens us on the importance to calculate a holistic TCO. The article lays out a number of questions to drive us toward the principles of gathering an exhaustive total cost of ownership. Here is a summary of his thoughts...Continue reading >>
Many procurement professionals deploy eProcurement tools for the RFx functionality. They’re often thinking about streamlining their sourcing process, standardizing response formats to facilitate rapid analysis and improve record keeping.Continue reading >>
Last week, Determine hosted a webinar on how General Counsel's role has evolved beyond legal responsibilities. Research shows that businesses have an increased focus on contract management and many factors are contributing to this trend. Macroeconomic indicators such as increased M&A, stricter regulatory environments and increased supply chain risk factors are pushing businesses to amplify their reliance on strategic relationships, and focus on ways to avoid or mitigate the impact of contractual disputes.Continue reading >>
To understand the trend in technology and how Determine is addressing it is by looking at this from the persona of the company. Organizations want to be smarter by being able to collaborate in new ways using a common platform approach. Taking this concept as part of adopting solutions is something Forrester Research has looked at around the concept of a smart process applications.Continue reading >>
'The evidence has been accumulating since the mid-1960’s that electronic invoicing, or e-invoicing, has been saving its users considerable time and money. Respondents to a 2012 global e-invoicing study by The Institute of Financial Operations found that 56% of businesses using e-invoicing spent considerably less money processing invoices than those businesses using manual systems. So why isn’t every business using e-invoices today? For some businesses it’s simply a matter of inertia. For other businesses however, there’s a lingering concern that e-invoicing systems are too complex for their suppliers.Continue reading >>
With the release of the new name, Determine demonstrates that our unity is not just marketing. The strength of the Determine platform is based on experience and forward thinking design. In fact our differentiators could be thought of as two pillars, where the first pillar is depth of our capability based on experience in design.Continue reading >>
Today, we’re very excited to unveil not just a new brand identity and a name, but a brand-new company. Determine, Inc.™ is the result of years of work and planning by many people sharing a singular view about how to best position ourselves and shape the company for the future. Now we’re ready for it, and I couldn’t be more proud.
As CEO of Determine, this transformation is one of the defining moments of my career. It has long been a goal to combine the forces of leading contract management, supplier management and procurement companies for our customers. In essence, we want to rewrite the rules of engagement for them through our emerging disruptive technologies.Continue reading >>