The Determine
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A Corcentric Company.

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 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 8, 2019

The Benefits of Platform-Based Sourcing

The Benefits of Platform-Based Sourcing

The digital transformation is well underway, making the investment into modern technology a necessary ascension for organizations with a hankering for longevity. The source-to-pay landscape is no exception. If we look at Sourcing (a stepping stone in upstream procurement) in particular, automating its processes can improve savings identification, increase collaboration, build stronger supplier relationships and align supplier, corporate and financial goals.

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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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July 25, 2019

P2P Booby Traps and Security Theater.

P2P Booby Traps and Security Theater.

Still in the dark about cloud P2P myths?

Last week Kelly Barner took us for our first ride in the Determine Myth Machine, solving some of the mysteries and misconceptions that continue to swirl around cloud P2P. As she explained in that post:

  • Yes, your data will be secure in the cloud.
  • No, fast access to your data won’t be compromised in the cloud.

But the P2P booby traps and myths don’t end there, do they?

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July 23, 2019

Corcentric: Five Key Takeaways From Matt Clark

Corcentric: Five Key Takeaways From Matt Clark

“You must be able to combine a platform,
expertise and services.”

— Matt Clark, President and COO, Corcentric

The full version of this article appeared in La Lettre des Achats, a leading French procurement industry publication, written by François-Charles Rebeix and Guillaume Trécan. The original piece goes into some detail about where Corcentric has been, its recent acquisitions and the company’s vision for the future.

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July 16, 2019

P2P Basics!

P2P Basics!

What’s it all about?

Procure-to-Pay, Purchase-to-Pay, P2P, eProcurement — whatever name you want to give it — is a series of coordinated and integrated activities designed to fulfill the requirement of getting the right goods or services, in an efficient manner at the right price, at right time. You got this, right?

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July 11, 2019

Zoinks! Why do Cloud myths persist?

Zoinks! Why do Cloud myths persist?

The Determine P2P Starter Kit, Part Two: Taking the mystery out of cloud procure-to-pay.

I recently completed a thorough study of myths by examining one of the most scientifically significant examples available — Scooby-Doo and the gang: Fred, Daphne, Velma, and Shaggy. You may laugh, but studying the adventures of Mystery, Inc. sheds a great deal of light on all kinds of myths, cloud procure-to-pay (P2P) included.

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July 2, 2019

Congratulations! You are ready for procure-to-pay!

Congratulations! You are ready for procure-to-pay!

Introducing the Determine P2P Starter Kit, Part One: The P2P 101 Guide

It is amazing what procurement professionals can accomplish with nothing more than spreadsheets, email and a phone. We can source, manage suppliers, track spend and report savings. In fact, we are so resourceful and so good at cobbling together solutions that we often stay with that approach longer than we should – especially considering how much is at stake for the company and its customers. [inlinetweet prefix=”#procurement” tweeter=”” suffix=””]The challenge for procurement is knowing when the time is right to make the switch to a procure-to-pay (P2P) platform[/inlinetweet].

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