The Determine
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A Corcentric Company.

September 26, 2019

September DetermiNews: Monthly Review of S2P & CLM

September DetermiNews: Monthly Review of S2P & CLM

From the CFO perspective: A look back at September resources.

DetermiNews this month was all about looking at source-to-pay, procure-to-pay, sourcing and contract management from the unique vantage point of the CFO. Finance is integral to every area of an organization, and that gives the CFO and financial teams a birds-eye view of everything going on at all times. No wonder the role is changing, with an increasing share of responsibility, added reporting structures and influence.

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September 12, 2019

Stop Playing Whack-a-Rogue With Your Indirect Spend

Stop Playing Whack-a-Rogue With Your Indirect Spend

Three strategies for controlling indirect spend to boost working capital.

A recent whitepaper from Corcentric and CFO.com, The Impact of Indirect Spend on Working Capital, delved into the bottom-line consequences of uncontrolled company spend — what Corcentric terms dark purchasing, and is alternately called rogue, maverick and tail spend. The most startling fact, besides the enormous cost, is just how unprepared most companies are to deal with it on a strategic level. You need an enterprise approach, instead of just whacking those rogues when – and if – they pop up.

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September 3, 2019

August DetermiNews: A Review of the Month in Source-to-Pay & CLM

August DetermiNews: A Review of the Month in Source-to-Pay & CLM

Putting S2P, CLM, procurement, sourcing and spend into perspective.

Another Labor Day, another DetermiNews. Which means, while you’re gearing up to drive your organization’s goals in the months ahead, take a look back at the month gone by for ways to help you do that. A common theme across resources in August is how source-to-pay – S2P – and contract management are dynamic processes that are designed to both help organizations meet their current challenges, but also empower them to reevaluate how much more they can achieve. Consider this your back-to-school reading assignment.

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August 20, 2019

The Challenges of Managing Contracts on a Global Scale, Part 2 of 2

The Challenges of Managing Contracts on a Global Scale, Part 2 of 2

What Should the Right Contract Management Solution Look Like…and Do?

In part one of this two-part blog series, we explored some of the challenges and strategies around a global contract management solution implementation. From the required melding of global-local considerations to the absolute need for contract visibility and data transparency, having the “right” contract lifecycle management technology (CLM) means having the advanced capabilities to meet a wide range of enterprise, performance and user objectives. Here’s how to make it so.

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August 15, 2019

The Challenges of Managing Contracts on a Global Scale, Part 1 of 2

The Challenges of Managing Contracts on a Global Scale, Part 1 of 2

Choosing the Right Contract Management Solution to Keep from Spinning Out of Orbit

In the spirit of the anniversary of the first moon landing 50 years ago, if a typical contract management solution implementation is “one small step” toward improving a company’s efficiency, then a global deployment is “one giant leap.”

In this two-part blog series, we’ll explore the mission control elements that are critical to ensuring that leap doesn’t end up lost in space.

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August 1, 2019

July DetermiNews: A Review of the Month in Source-to-Pay and Contract Management

July DetermiNews: A Review of the Month in Source-to-Pay and Contract Management

The heat was on in July, so we focused on helping you keep your cool when it comes to procurement technology with our P2P Starter Kit. Regardless of where your organization is on the procurement maturity curve, or what your comfort level regarding procurement solutions, our toolkit is designed to make sure you have the basics down, the facts in hand and everyone’s expectations properly managed. So you’re cool with this, right?

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June 27, 2019

June DetermiNews: A Review of the Month in Source-to-Pay and Contract Management

June DetermiNews: A Review of the Month in Source-to-Pay and Contract Management

You’ve heard the phrase “back to basics” countless times. And it’s an incredibly misleading message: That basics somehow equates with “regressing.” Nothing could be further from the truth. Honing your basic skills and knowledge is about improving, moving forward, excelling. Ask any top musician, athlete or craftsperson — basics make you better.

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May 7, 2019

Getting more from your suppliers starts with you

Getting more from your suppliers starts with you

How supplier management is impacting organizations more than ever.

Organizations are starting to adopt a new attitude when it comes to their suppliers – treat them like customers. This seems basic, but the truth is, supplier management is evolving fast; it is critical not only to catch up but to get ahead of the curve.

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March 7, 2019

Three Ways Silos Hurt Your Business.

Three Ways Silos Hurt Your Business.

“What we have here is failure to communicate.”

Movie lines become legendary, and ingrained in our cultural makeup for many reasons. In the example above, it’s because it represents an all-too-common life experience and because what it describes is so pervasive. The same is true in source-to-pay organizations, where silos are as much about communication failure as anything else.

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