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Every human, business, government entity, public or private organization depends on data-based facts and evidence to make day-to-day decisions. Whether quick, agile, based on extended discussions, or based on an in-depth analysis of data, all decisions require supporting data. The question is, where and how does an entity get its underlying data from? And how does an organization process that data to generate information that forms the basis for its decision-making? This is the foundation for the use of data, data analysis, and data-based analytics.  How...

In a recent webinar with Hugo Evans, Vice President at A.T. Kearney, talked about the impact emerging technology is having on procurement with our SVP of Growth & Business Development, Vikas Shah, and one of our Customer Success Managers, Marisa Pierron. During their discussion, one topic they covered was how organizations can start implementing emerging technology. Want to know what steps you should take first? Read the transcript or check out the clip below to...

In our last post. we discussed adopting spend under management (SUM) and the first of five principles. Here are the other four: 2) Purchase through a formalized requisition to purchase order approval process. The purchasing processes of an organization should be governed by policies and procedures that are complete and enforced universally. Simply having them in place is a starting point but the key issue is enforcement. Are all the spend areas incorporated? Does my...