Salon Solutions is always an exciting event, and a great chance to hear the latest buzz and get a feel for what’s going on in our industry. As Senior Solutions Strategist for Determine in France, I am pleased to say that this three-day show in Paris was hugely successful in terms of attracting attendees to our booth and engaging them on a personal level. What’s more, speaking at various events was a chance to share our vision and technology around Procure-to-Pay with a much wider audience. The following six key factors for success are from my presentation during the Best Practices Round Table.
Governance and compliance are terms that are often used interchangeably to describe the “law and order” part of procurement’s responsibilities. That being said, they are not quite the same thing. Governance captures the rules in place regarding purchasing and spend management, while compliance is the adherence to (and/or enforcement of) those rules. In a perfect world, governance is what you do and compliance is what you get in return.
How Collaborating with Finance Supports Good Decisions
In today’s relationship-oriented business environment, who you know and how you work with them are as important as anything you do. Collaboration is just as essential to finance as it is in naturally “creative” functions such as sales and marketing.
Managing Source to Pay in the “Postmodern” ERP Era
As enterprise technology has evolved with the notion of ERP, so has the need for organizations to understand how to adopt it in a modern context. Source to pay is no exception.
In the early eighties, many looked to enterprise resource planning, or ERP systems, as the panacea to all the woes of working with MRP systems. ERP was going to solve the problem for organizations looking to manage all distinct software solutions under one umbrella, and make it easier to see how all these functions work together.