For twenty years (more?) enterprise procurement teams have been trapped in a false choice: pick a single, monolithic “suite” and sign up to never change it or stitch together best-of-breed point tools (loads of great features but who wants to teach their teams how to use 11 different platforms?). With AI this seems to be …
Continue reading “he Build-Your-Own Era of Procurement Tech”
Most enterprise procurement systems were designed for a world that no longer exists. A world where demand could be forecast by looking at last year’s sales. Where procurement operated like a train timetable — suppliers on the rails, prices (largely) fixed aside from negotiated savings (often lost year-over-year), and risk confined to weather delays and …
Artificial Intelligence (AI) is reopening a strategic debate many enterprises believed had largely been settled over the past decade: should companies build their own technology or rely on external platforms? In procurement, this question is becoming increasingly relevant for Source-to-Pay (S2P) technology. A familiar debate in enterprise technology For many years, the dominant approach was …
Continue reading “AI in Procurement: Rethinking the Build vs Buy Strategy for Source-to-Pay”
One of the largest issues facing procurement today is its reputation. Historically speaking, procurement was essentially a back office and was therefore traditionally viewed as a necessary evil. Processing purchase orders and keeping the lights on were some of the things done in this role. This has created a challenge for the supply chain function …
There is a moment most finance and operations leaders know well. A purchase order is somewhere in someone’s inbox. An invoice arrives without a matching PO. A department head has no idea what their team has been spending. None of this is dramatic; it just happens, silently and most often, repeatedly, until it adds up …
There is a version of accounts payable that still runs on email threads, printed invoices, and someone physically walking a document to a manager’s desk for a signature. It sounds outdated because it is. But for many mid-size and enterprise organizations, that version is still the current one, and the cost shows up in slow …
Most enterprise software gets built by people who have never had to use it. That shows. Procurement tools, in particular, have a long history of being technically capable and genuinely painful to work in systems that check the feature boxes but slow people down the moment they try to get something done. Alex Yakubovich has …
Managing procurement and finance operations at scale is a relentless exercise in pressure containment, and organizations that rely on disconnected software, manual invoice workflows, and reactive receivables management routinely find themselves absorbing costs they cannot justify and missing working capital they cannot afford to lose. Corcentric brings a fundamentally different response. Founded in 1996, Corcentric …
Finance automation is no longer new to most organizations. Finance leaders already value faster closes, fewer manual steps, and the ability to handle growing transaction volumes without adding headcount. The challenge is not the goal itself, but the complexity of executing it effectively. CIOs often see finance automation as a simple request, which, ironically, quickly …
The upgraded platform is expected to double monthly payment transaction processing capacity OMAHA, Neb. & DAR ES SALAAM, Tanzania–(BUSINESS WIRE)–ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, today announced the extension of its long-standing partnership with UBX Tanzania Limited, Tanzania’s leading national payment service provider. The extended partnership marks a significant milestone …
