The Determine
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A Corcentric Company.

October 2, 2019

Transformational ROI: Why Your Suppliers Should Embrace E-invoicing

Transformational ROI: Why Your Suppliers Should Embrace E-invoicing

Conversation with Reginald Peterson, Director of Supply Management Programs at Corcentric.

If you have been working under the assumption that digital transformation will solve all of your problems and catapult your company into leadership status, consider this: an email with an invoice attached to it is “digital.” That invoice still has to be manually sent, received and entered into another system for approval and payment. Despite being digital, this invoicing process is labor intensive, risky and inefficient. Hardly transformative, is it?

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September 17, 2019

The Evolution of Finance and the CFO, Part 1

The Evolution of Finance and the CFO, Part 1

Determine OutLoud: A two-part conversation with Mark Joyce, EVP and CFO of Corcentric.

In a recently released article and podcast about the evolving role of the CFO, McKinsey & Co. partner Ankur Agrawal and consultant Priyanka Prakash shine an interesting light on enterprise-wide change management in the digital age — from the perspective of finance. Of particular note are the number and range of corporate functions reporting into finance today, and how that shifting scope of responsibilities can stress a CFO’s bandwidth while also increasing their net impact.

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June 11, 2019

AI and Blockchain Can’t Replace Strong Procurement Fundamentals

AI and Blockchain Can’t Replace Strong Procurement Fundamentals

Determine OutLoud: A conversation with Anthony Mignogna, Director at Source One, a Corcentric company.

Attend any procurement conference, read any procurement blog, download any procurement whitepaper these days and what are you likely to see and hear? AI! Blockchain! Machine learning! Chatbots! Emerging technology is undoubtedly exciting, and it is no wonder that it captures our attention and imagination. But does it have any actionable value for the majority of procurement organizations today?

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June 4, 2019

Compliance advice for those who herd cats

Compliance advice for those who herd cats

We’ve all heard (or used) the expression that managing some groups of people is “like herding cats”. For cat people in the reading audience, this requires little explanation. Cats do what they want, when they want, only if they want. The expression wouldn’t have caught on if it weren’t true, which means there are plenty of feline humans out there too. If you’re in procurement, I’m sure you’ve met quite a few of them.

We put a contract in place, and the “cats” buy from someone else. We establish a process, and they do whatever they like. It can be infuriating. But, if we approach our internal cats with the right attitude, they also present us with unique opportunities to improve procurement’s performance, impact and influence.

Here is some advice for those days when you find yourself unavoidably herding cats:

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May 28, 2019

Concentric Supplier Risk Management

Concentric Supplier Risk Management

Executives in all functions and lines of business are driven to create shareholder value, a challenge that increasingly requires them to take calculated risks that often involve the supply chain. From a shareholder’s perspective, nothing destroys the perceived value of an investment faster than negative press, even when it is the unintended result of ‘pushing boundaries’. In some cases, the criticism may not even be due to a company’s own actions, but rather those of their suppliers (or suppliers’ suppliers).

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April 30, 2019

April DetermiNews: A Review of the Month in Source-to-Pay and Contract Management

April DetermiNews: A Review of the Month in Source-to-Pay and Contract Management

We don’t know about you, but when we think of April – we think Spring. The birds chirping, flowers blooming, green grass, incessant rain (yuck), and summer in our sights! Spring is a time for growth and for change; a beautiful transformation, if you will. This month’s resources stayed true to theme – focusing on the transformation and future of procurement, source-to-pay insights, and even our own evolution as Determine began its new chapter as a Corcentric company. DetermiNews gives you a jump start on spring cleaning your business processes for the sunny days ahead.

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February 28, 2019

February DetermiNews: A Review of the Month in Source to Pay and Contract Management

February DetermiNews: A Review of the Month in Source to Pay and Contract Management

Seems like a lot of February news got buried beneath the Polar Vortex (along with large portions of the US), but the two biggest stories to come out of Determine this month were the launch of our Contract Management App for Salesforce, and the announcement that the company has entered into an agreement to be acquired by Corcentric. Glad it’s the shortest month of the year.

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