Jamie Pierre’s Post

Discover key insights about the Source-to-Pay market and trends in this webinar replay session: https://lnkd.in/gCeidn3E Ivalua partnered with Ardent Partners to conduct a comprehensive annual study on S2P Digitization in 2024. Watch the replay to learn: - The investments and utilization of S2P technology - Criteria for selecting #S2P technology and how innovators outperform their peers - The potential impact of #GenAI in #procurement Vishal Patel, Andrew Bartolini, Ardent Partners, Courtney Connor

Resources are frequently wasted by organisations as a result of inefficient spending during the procurement and sourcing processes. An organisation can reduce spending by up to 50% by using a digital Source-To-Pay (S2P) solution, which results in an extra 31% in overall savings. It is possible with iCPX, the pinnacle of corporate procurement, the first-ever purpose-driven and ecosystem-focused open API-based Source-To-Pay Platform. With its embedded AI technology, iCPX offers unparalleled transparency, auditability, and full compliance capabilities, empowering businesses to navigate confidently and efficiently. Learn More: https://lnkd.in/g-ZPXFmE Say hello to streamlined procurement today with iCPX! Debanjan Kumar | Sunil Rajvanshi | Manish Nahar | Saumya Behera | Mahesh Jakhetiya | Ambadas Choudhari #icpx #procurement #embeddedai #emachai #intellect #corporateprocurement

Procurement Magazine looks at the top ten procurement technology companies in MEA but which companies made the list? Find out below ⬇ #Procurement #Technology #Top10

Explore why #GlobalBusinessServices organizations are accelerating digital capabilities to become more customer-centric. Discover emerging trends and best practices being adopted by #GBS organizations worldwide in our 2023 global #SharedServices and #Outsourcing survey. https://lnkd.in/dfYPPnSK

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. Today, let's hear from Ivalua. The post New Year Insights for the procurement solutions and services marketplace 2024: Ivalua appeared first on Spend Matters.

Has been a pleasure for the last 4 years to be on the journey with Nick and his wonderful team. It will be worth your while taking 10 minutes to understand Nomia and its capabilities around non-strategic spend and how they can drastically streamline your procurement. Please don’t hesitate to contact me for further details or connections to the team so that we can help your business solve that seemingly impossible puzzle of tail spend. Matt #nomia #costsavings #procurement

Leveraging Ivalua to Navigate the Evolving S2P Landscape As an Ivalua expert, I’ve delved into the "2024 State of Source-to-Pay (S2P) Report" and found compelling insights that underscore the shifting dynamics in procurement. In today’s volatile economic climate, where efficiency and agility are paramount, here’s how leveraging Ivalua can address these challenges: 🔹 Cost Efficiency: With 74% of procurement teams focusing on cost reductions, Ivalua’s robust analytics can drive significant savings by enhancing visibility and control over spending. 🔹 Risk Management: As 36% of organizations prioritize risk management, Ivalua provides comprehensive tools to assess and mitigate risks, ensuring a resilient supply chain. 🔹 Sustainability and Compliance: Amid growing ESG pressures, Ivalua helps integrate sustainability into procurement processes, making compliance seamless and effective. 🔹 AI-Powered Innovation: Ivalua’s AI capabilities can streamline operations, improve decision-making, and offer a competitive advantage by automating complex procurement tasks. These trends from the report reflect the critical role that S2P technologies like Ivalua play in modern procurement strategies. How is your organization utilizing Ivalua to adapt to these changes? Let’s connect and explore how Ivalua can transform your procurement operations to meet modern challenges. #IvaluaExpert #ProcurementInnovation #DigitalTransformation #S2P #AIinProcurement

Technology holds the promise of making procurement more efficient, but it's taking a long time to come to fruition. Alex Saric and I were part of such a venture 2 decades ago, good to see he is still at it at Ivalua. I agree with him that "Organisations are wasting millions in staff time every year on manual processes. This is bogging teams down in low-value tasks, limiting their ability to focus on more strategic priorities". I call it the "plumbing" of procurement - get that right, and then teams can focus on higher value added strategic activities. OnDemand Resources has consultants who understand this and can help clients with evaluating and implementing procurement tech, and then help with strategic sourcing with the freed up time. #procurement #procurementtechnology #ctos #cios #strategicsourcing

Over the last couple of years or so, there's been more innovation in eSourcing than in the previous 20 years. In today's article I discuss some of the areas of eSourcing innovation. https://lnkd.in/dbqp-y2h

✨ Check out how #ibmconsulting and #dunandbradstreet are revolutionizing procurement using #GenAI to deliver valuable insights in minutes... ✨ https://lnkd.in/e3WPfMdS