The Determine
Blog
A Corcentric Company.

July 25, 2019

P2P Booby Traps and Security Theater.

P2P Booby Traps and Security Theater.

Still in the dark about cloud P2P myths?

Last week Kelly Barner took us for our first ride in the Determine Myth Machine, solving some of the mysteries and misconceptions that continue to swirl around cloud P2P. As she explained in that post:

  • Yes, your data will be secure in the cloud.
  • No, fast access to your data won’t be compromised in the cloud.

But the P2P booby traps and myths don’t end there, do they?

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July 23, 2019

Corcentric: Five Key Takeaways From Matt Clark

Corcentric: Five Key Takeaways From Matt Clark

“You must be able to combine a platform,
expertise and services.”

— Matt Clark, President and COO, Corcentric

The full version of this article appeared in La Lettre des Achats, a leading French procurement industry publication, written by François-Charles Rebeix and Guillaume Trécan. The original piece goes into some detail about where Corcentric has been, its recent acquisitions and the company’s vision for the future.

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June 18, 2019

Value Generator: Getting Contract Workflow in Gear

Value Generator: Getting Contract Workflow in Gear

Give your organization a clear, consistent process for optimizing contract management.

According to the IACCM (International Association of Contract & Commercial Management), two-thirds of participants at their conference a few years ago admitted that their companies lack a clear, consistent workflow for contracting. Some had no formal definition, while others had wide variations between countries or operating units. Since contracts are the most fundamental part of doing business, not having your workflow in high gear means your organization is going to sputter and stall.

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June 13, 2019

Closing the Loop: 4 Best Practices for Budget Management

Closing the Loop: 4 Best Practices for Budget Management

Empower managers with process improvements.

Depending on where you sit in a company, budgets are either essential guardrails for organizational efficiency, an inescapable fact of life, a necessary evil, or just evil. Overhead cost control, compliance, data quality — they are on every organization’s budget management agenda, yet few have the processes and solutions in place to achieve them. Here are four best practices to get closer to that goal.

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June 6, 2019

Refocus: Why strategic sourcing needs to be more supplier centric.

Refocus: Why strategic sourcing needs to be more supplier centric.

Evolving beyond savings.

Last month we concentrated a lot on looking at the ways (and why’s) procurement teams can and should be more supplier oriented. Not surprisingly, that supplier-centrism also applies to your strategic sourcing processes. That requires a holistic focus to integrate analytics, contracts and supplier information, and the technology to make it work.

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January 24, 2019

The Impact of Supplier Management on Spend

The Impact of Supplier Management on Spend

Linking the Dynamics of Supplier Relationships with P2P.

In an environment of increased regulations and demand for compliance, organizations are placing their suppliers under increasing scrutiny. Yet, managing supplier information is often near impossible given the the inability of organizations to easily tie supplier information to procure to pay (not to mention contracts and enterprise data as a whole).

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January 10, 2019

E-Invoicing: Replacing errors (and costs) with accuracy.

E-Invoicing: Replacing errors (and costs) with accuracy.

The evidence has been accumulating for decades that electronic invoicing, or e-invoicing, saves users considerable time and money. Respondents to a global 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 it today?

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December 27, 2018

DetermiNews: The Best of 2018 in Source-to-Pay and Contract Management

DetermiNews: The Best of 2018 in Source-to-Pay and Contract Management

Happy Holidays and Best Wishes for 2019!

Top leaders all have one thing in common: they have very eclectic tastes when it comes to what they read and what they’re interested in. Which pretty much describes all of you, based on the wide-ranging entries on our list of Top 10 Resources for 2018 in source-to-pay and contract management as defined by you.

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December 20, 2018

Think like a CLM consultant to improve compliance, reduce risk, and increase profit.

Think like a CLM consultant to improve compliance, reduce risk, and increase profit.

How to think about contract management in an era of rising regulation and compliance enforcement.

As explored in Part One of this series, a shifting regulatory and global business environment are compelling organizations to implement a much more robust strategy and technology approach to contract management (or contract lifecycle management – CLM). Part Two looks at how changing your perspective on the topic can make all the difference in how you approach it, and how you think about the outcome. Consider the role of the consultant in business. It’s their perspective — as much as experience and expertise — that bring value to a business. By adopting some of that ability to see things differently as it relates to contract management, you begin to see all the way it can create value.

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December 18, 2018

Rising Regulation and Compliance Enforcement = Increasing Need for Contract Management

Rising Regulation and Compliance Enforcement = Increasing Need for Contract Management

Whatever your industry, rules and regulations are constantly shifting playing field. They come and go, sometimes unnoticed. Staying on top of the changes means having the most agile contract management approach possible — a fact that’s clearly on the rise. Survey after survey from various analyst firms and consultancies show that contract compliance and management is a growing area of concern. Just as important, if not as urgent, is the fact that good contract governance is also good for business.

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