The Determine
Blog
A Corcentric Company.

October 17, 2019

3 Things P2P Pros Need to Know About AI

3 Things P2P Pros Need to Know About AI

Eliminating the Fear of AI.

As procurement professionals across the globe embrace the Digital Transformation and all of the changes that come with it, it would be remiss not to mention the hesitancy and scepticism that P2P pros also experience when it comes to certain advanced technologies — in particular, artificial intelligence (AI). An unfounded fear looms over this forward-thinking automation, with workers and industries alike suspecting that AI will eliminate entirely the need for a human workforce. However, a recent webinar sponsored by Corcentric reveals just the opposite. The webinar, 3 Things P2P Pros Need to Know About AI, defines artificial intelligence, breaks down its specific capabilities and uncovers the key benefits it provides to procurement.

Continue Reading

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.

Continue Reading

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.

Continue Reading

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.

Continue Reading

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.

Continue Reading

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?

Continue Reading

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?

Continue Reading

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?

Continue Reading

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.

Continue Reading

--> Top