The Determine
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A Corcentric Company.

March 12, 2020

How to Maximize Value from S2C Solutions – Part 2

How to Maximize Value from S2C Solutions – Part 2

Optimizing source-to-contract means focusing on wider business needs.

In Part 1 of this two-part blog we addressed the initial approach of S2C. Our viewpoint is, that while S2C is often focused on procurement as the primary users of the technology, decisions around adopting the components — such as sourcing, contract management and supplier management — need to accommodate implementing capabilities with the wider business needs in mind. Continue Reading

March 5, 2020

How to Maximize Value from S2C Solutions – Part 1

How to Maximize Value from S2C Solutions – Part 1

To be effective at source-to-contract (S2C), procurement organizations must be able to properly align data and processes with automation.

Often referred to as upstream procurement, “source-to-contract” defines the approaches for how to connect the efforts related to spend analysis, sourcing, contract management and supplier management. At its most basic, these processes encompass all the pre-requisites necessary for procurement to understand and optimize how an organization acquires the goods and services needed to run the business.

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January 30, 2020

Digital Transformation Should Be a Step-by-Step Process

Digital Transformation Should Be a Step-by-Step Process

Digital transformation is a “must” not a “maybe.”

Companies large and small, B2C and B2B, understand that in order to succeed in today’s global and highly competitive market, it is essential to utilize technology, especially digital technology. By implementing innovative technology, companies can more efficiently manufacture and develop product; more effectively market to and engage with customers; and more successfully gather, optimize, and analyze data. In addition, internal processes become more cost-efficient through the digitization of manual and paper-based processes that have been and continue to be time-consuming and error-prone. Continue Reading

January 9, 2020

What’s Old is New Again – Addressing Digital Transformation in the Context of Growth, Technology, Talent, and Relationships

What’s Old is New Again – Addressing Digital Transformation in the Context of Growth, Technology, Talent, and Relationships

As we look to the start of a new decade, the future looks bright. Much of this optimism is based on an ongoing digital revolution that started in the beginning of the 21st century. Today, the next phase, sometimes called the 4th industrial revolution, has taken shape in the form of what many have come to recognize as “digital transformation.” Any Google search on these terms will generate thousands of results that include views from pundits and non-pundits alike, on what it is and what it’s not. 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 5, 2019

4 Major Concerns for CFOs and CPOs in 2019 and Beyond

4 Major Concerns for CFOs and CPOs in 2019 and Beyond

The CFO / CPO Agenda: Beyond cost reductions, increased efficiency, and data visibility.

As CFOs and CPOs are tasked with greater responsibility over a host of issues, there are four major industry themes that will likely be top-of-mind for them, this year and into the future. Although cost reductions, increases in efficiency, and visibility into valuable data are still incredibly important to the C-suite, as well as to the organization’s bottom line, there are other strategic challenges that need to be addressed.

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