Decision-Achats is the major procurement and source-to-pay industry publication in France, and one that we reference regularly since Determine has such a significant French component. Recently, Decision-Achats conducted a survey related to inventorying the tools and solutions that procurement professionals are using, and their experience and attitudes of them. One of the most important results to appear is the call for more personalization – configurability, in other words. People want tools that work the way they do, especially millennials.
If you’re anything like me as a procurement practitioner, you think of our end-to-end process in a linear fashion. It usually starts with spend analysis or some other source of information (budget, ERP, BI system output, etc.) and ends with Contract Management and/or Supplier Performance Management. For us, this is completely logical because the sub-processes that we view as the most “active” portions of procurement – strategic sourcing and negotiation – have been dealt with at this point.
Integrated, unified, combined; Determine devotes a lot of real estate in our content and resources to the topic of getting everyone on the same page. Our Process Under Management approach is all about aligning your people, processes and data to maximize visibility and control of business information so you can achieve greater results. Integrating Purchasing and Payables, a Determine-sponsored PayStream report, presents more compelling facts around why you need to get P2P processes in sync.
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.
In an environment of increased regulations and demand for compliance, organizations are placing their suppliers under increasing scrutiny. Yet, managing supplier information is often near impossible given the the inability of organizations to easily tie supplier information to procure to pay.
Managing for bespoke attributes creates efficiency and insight in Source to Pay
The quest to push the use of an eProcurement solution in any organization has always been predicated on the ability to easily find what you are looking for. But how do you manage bespoke catalog attributes; for example, make sure that the vendor provides services in French or the product is available in XXL?