The Determine
Blog
A Corcentric Company.

October 10, 2019

Procurement Uses AP Automation to Build a Culture of Collaboration with Suppliers

Procurement Uses AP Automation to Build a Culture of Collaboration with Suppliers

Your business can rise or fall based on the relationships you build with your customers. But are you ignoring the other essential relationships…the ones with your suppliers?

Collaboration has become a key component for success in a business environment that is increasingly global. Collaboration leads to transparency into transactions and trust between stakeholders.

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August 29, 2019

Assessing the True Cost of Tail Spend, Part 2

Assessing the True Cost of Tail Spend, Part 2

Using teams and technology to take culprit spend issues by the tail.

In Part One of this two-part blog series from our colleague Reggie Peterson, Director of Supply Programs at Corcentric, he explored the (considerable) list of challenges facing procurement in regards to controlling the tail-spending mavericks and rogues who cost companies significant amounts of money. In Part Two, he takes a closer look at another component of the problem —being “oversuppliered” — and digs into the measures and strategies available to get more spend under control.

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August 27, 2019

Assessing the True Cost of Tail Spend, Part 1

Assessing the True Cost of Tail Spend, Part 1

Gain control over tail spend so it doesn’t “wag the dog” when it comes to your company’s profitability.

Corcentric Resources Blog intro - tail spend 1

The internet and globalization have made today’s business environment more competitive than ever before. Increasing an organization’s revenues is not enough to achieve and maintain profitability; now every function within that organization must also account for every dollar spent. That can become a challenge for Procurement when it comes to indirect spend and an even bigger challenge when it comes to tail spend.

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August 22, 2019

How to Justify Spend Analysis When There’s No Clear ROI

How to Justify Spend Analysis When There’s No Clear ROI

I know we don’t have to preach to the choir. Procurement professionals are all aware of just how practical spend analysis is for them, but sometimes find it challenging to explain exactly why. Some expenses are simply hard to justify. Spend analysis is often seen only as an added value to the organization, rather than an essential piece to uncovering hidden value opportunities. In an applicable paper, Spend Matters suggests 10 ways to justify the expense for spend analysis to the financial decision-makers at your company. Here are some key takeaways…

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August 13, 2019

With Implementations, it is Location, Location, Location.

With Implementations, it is Location, Location, Location.

An Outsider’s Perspective on Implementing Technology.

I’ve participated in many procurement technology implementations – and not always in the same role. Like most people, my experience began on the receiving end of new technology for which I had no say in the selection or configuration. From there I moved to a leadership role on a team tasked with selecting and implementing a sourcing suite for the first time. A few years later, I was part of a consulting team at a solution provider where I regularly assisted in or led implementations as part of procurement program (re)design projects.

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August 6, 2019

10 Features & Benefits to Look for in a P2P Solution

10 Features & Benefits to Look for in a P2P Solution

The search for a P2P solution (purchase-to-pay) software can be daunting and, quite frankly, mind-boggling. Identifying a tool that best fits organizational business processes, user needs and the desires of stakeholders can be downright exhausting — especially if you’ve never implemented an outside solution before. Knowing some of the key features and benefits to look for in a worthy P2P solution will help make the search a bit more bearable, and empower your organization to choose a tool that everyone will be happy with.

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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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