The Determine
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A Corcentric Company.

December 5, 2019

Automate to Accelerate: 4 Ways P2P Can Drive Business

Automate to Accelerate: 4 Ways P2P Can Drive Business

Empowering growth through P2P automation.

When it comes to organizational change — and the many aspects of transformation — P2P is in a great position to take the driver’s seat through automation, or at least ride shotgun as finance takes the wheel. What follows are four strategies from a Corcentric webinar and IOFM white paper for procurement teams to focus on.

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November 26, 2019

November DetermiNews: Monthly Review of S2P & CLM

November DetermiNews: Monthly Review of S2P & CLM

Preparing for Business Growth: A look back at a month of resources.

The end of 2019 is all about gearing up for 2020, so our November (and December) resources are all dedicated to helping you prepare for business growth as you’ll read in this DetermiNews. Process automation across procurement and payables was a focus this month, for the simple reason that it makes a major contribution to efficiency, compliance and bottom-line impact. Not a bad way to start the year. Continue Reading

November 21, 2019

How Automation Overcomes the Biggest Challenges in Payables

How Automation Overcomes the Biggest Challenges in Payables

Takeaways from the Levvel Research 2019 Payables Insight Report.

Inefficiency. It’s unnecessarily slow — a time waster that saps morale, dilutes resources and is really expensive. But if you’re using a sluggish, cumbersome, error-prone manual process for your payables instead of automation, you already all that, right? Continue Reading

October 29, 2019

October DetermiNews: Monthly Review of S2P & CLM

October DetermiNews: Monthly Review of S2P & CLM

Being SupplierCentric: A look back at a month of resources.

Approaching supplier relationships the same way as customer relationships is the easiest path to building trust and long-term shared value. Constant communication, a focus on process automation and transparency are all key to getting your supplier relationships to a place where they can do your organization the most good. And vice versa. Continue Reading

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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