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In this episode of The Procurement Software Podcast, host James Meads delves into the game-changing benefits of intake and process orchestration solutions for procurement teams.
James highlights how these solutions improve supplier management, compliance, and overall efficiency while freeing procurement teams to focus on strategic decisions.
Tune in for valuable insights to modernise and future-proof your procurement processes.
Can Intake and Process Orchestration eat S2P suites?In this episode, we explore the growing impact of intake and process orchestration solutions on modern procurement. As traditional source-to-pay (S2P) systems face limitations in flexibility and user experience, organisations are turning to these innovative tools to create more efficient and adaptable procurement processes.
We’ll discuss how these solutions allow for custom workflow design without the need for extensive coding, making them perfect for businesses with diverse or evolving procurement needs. With seamless integration into existing systems and applications—such as supplier quality and ESG tools—intake and process orchestration ensures smoother communication and improved collaboration across departments.
The episode also highlights the automation potential of these solutions, reducing manual tasks and freeing up procurement teams to focus on more strategic work. We’ll explain how automation capabilities extend beyond simple processes, enhancing decision-making and driving overall procurement effectiveness.
Join us to learn how intake and process orchestration solutions are setting new standards for procurement technology, offering adaptability, user-centric design, and greater transparency across the entire procurement journey.
Timestamps:
[00:01:41] Intake in procurement processes.
[00:05:58] Process orchestration in procurement.
[00:10:23] Intake and process orchestration solutions.
[00:16:12] Future of procurement technology.
[00:16:44] Market share of sourcing solutions.
And that wraps up another episode of The Procurement Software Podcast!
Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!
We'll be back at the same time next week, so see you there.
If you want to learn more about Procurement Software, check out the useful links below.
Stay in touch!
Download our Tech Map for EnterpriseDownload our Tech Map for Mid-MarketDownload our Tech Map for SMEsFind your perfect procurement tech solution in our Software Finder appSign up for the Procurement Software NewsletterBook an Intro Call and let’s talk all things Digital Procurement!Connect with James on LinkedIn
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In this episode of The Procurement Software Podcast, host James welcomes Shaun Syvertsen, CEO of Convergent IS, to discuss how organisations can enhance their procurement processes by improving the user experience of SAP.
They delve into the complexities of the system and share insights on how to leverage procurement technology to simplify the intake-to-procure process for companies who use SAP as their ERP.
Tune in to discover practical strategies and tools that can help your organisation navigate the evolving landscape of procurement software, especially tailored for the mid-market.
How to make SAP more user-friendly on the front endThis episode dives into the importance of having a clear procurement strategy before selecting any technology. Sean emphasises the need for clarity in your goals, ensuring alignment between technology solutions and your organisation’s needs.
Key takeaways include:
Defining Your Strategy: Be clear on your procurement approach before exploring technology options.
Aligning with Goals: Make sure the chosen tools align with your organisation’s objectives to avoid adoption gaps.
User Adoption: Sean discusses how user-friendly technology is crucial for ensuring employees engage with the system rather than bypass it.
Expert Guidance: Investing in expert advice early on can save both time and resources by selecting the right technology from the start.
Tune in to learn how a well-defined strategy can lead to successful procurement technology investments and drive long-term organisational success.
Timestamps:[00:02:10] SAP user experience enhancement
[00:05:14] Know your why before your what
[00:10:02] Integration with SAP systems
[00:12:30] Orchestration in procurement systems
[00:17:59] User adoption and process design
[00:20:16] Procurement transparency and efficiency
[00:23:11] Orchestration solutions in procurement
[00:27:29] Preventing SaaS sprawl in organisations
[00:32:40] Reducing time to value with AI
And that wraps up another episode of The Procurement Software Podcast!
Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!
We'll be back at the same time next week, so see you there.
If you want to learn more about Procurement Software, check out the useful links below.
Stay in touch!Grab your ticket to ProcureCon EU in Barcelona with 10% off!
Connect with Shaun Syvertsen on LinkedInCheck out ConvergentISDownload our Tech Map for EnterpriseDownload our Tech Map for Mid-MarketDownload our Tech Map for SMEsFind your perfect procurement tech solution in our Software Finder appSign up for the -
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In this week's episode of The Procurement Software Podcast, host James Meads dives into the power of our Tech Maps and how they can simplify your search for the right procurement technology.Whether you're part of a small business, mid-market company, or a large enterprise, Tech Maps from ProcurementSoftware.site offer a tailored approach to finding the technology that best fits your needs.Tune in to learn how to leverage this valuable tool and explore the resources available to support your digital procurement journey.Procurement Tech Maps: SME, Mid-Market and EnterpriseThis week, we explore how Tech Maps can be a vital tool in navigating the complex procurement technology landscape. Designed to offer a clear overview of various market players, TechMaps help procurement professionals identify solutions that best fit their needs, without the noise of vendor endorsements or biases.We discuss how these maps categorise solutions by target market—whether SMEs, mid-market, or large enterprises—providing a tailored approach to finding the right tools. Beyond just listing companies, the Tech Maps offer a snapshot of the procurement tech ecosystem, helping you on the start of your journey towards making informed decisions.Additionally, the episode highlights the resources available to dive deeper, from a free software database to personalised consultations and detailed research options. By utilising Tech Maps and these supporting tools, organisations can confidently navigate their digital procurement journey.Tune in to discover how our Tech Maps can streamline your search for the perfect procurement technology solutions, tailored to your specific needs.Timestamps:[00:01:42] What should our Tech Maps be used for?[00:06:33] Procurement tech for different businesses.[00:09:02] Spend analytics in tech maps.[00:15:07] Understanding the procurement tech market.[00:17:28] Ways to Find Software Solutions.And that wraps up another episode of The Procurement Software Podcast!Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!We'll be back at the same time next week, so see you there.If you want to learn more about Procurement Software, check out the useful links below. Stay in touch!Grab your ticket to ProcureCon EU in Barcelona with 10% off! Download our Tech Map for Enterprise Download our Tech Map for Mid-Market Download our Tech Map for SMEs Find your perfect procurement tech solution in our Software Finder app Sign up for the Procurement Software Newsletter Book an Intro Call and let’s talk all things Digital Procurement! Connect with James on LinkedIn
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This episode of The Procurement Software Podcast delves into why big consultancies often partner with legacy source-to-pay suites.Host James Meads explains how their corporate mindset and focus on large organisations can limit their understanding of the broader digital procurement market. Also, how conflicts of interest can result in big consultancies shilling legacy software.Tune in to explore how to avoid falling for the trap of thinking the big consultancy is your friend when it comes to advisory on procurement software choices.Why do big consultancies partner with legacy tech?This week, we delve into how a narrow focus on large corporate solutions drive big consultancies to favour established software players, often at the expense of more suitable options for small and mid-sized businesses.Financial incentives are also a key factor, with consultancies earning commissions on software sales and profiting from the complex, time-consuming implementation processes.These practices, however, raise significant ethical concerns.The episode sheds light on the conflicts of interest that arise when consultancies receive commissions, while simultaneously billing clients for their services. We contrast this with Procurementsoftware.site's commitment to providing impartial, client-focused advice, free from any conflict of interest from software providers.Tune in to gain insights into how these dynamics shape the procurement technology landscape and why choosing an unbiased advisor is essential for making the best decisions for your organisation.Timestamps:[00:00:38] - Why Big Consultancies Partner with Legacy Source-to-Pay Suites[00:01:21] - Corporate Mentality and Market Knowledge[00:02:44] - Influence of Research Houses[00:04:00] - Affiliate and Partner Commissions[00:05:04] - Implementation and Business Model of Big Consultancies[00:06:39] - Complexity and Configuration of Legacy Software[00:08:04] - Profit Margins in Implementation Projects[00:09:08] - Ongoing Consultancy Needs and Customisation[00:10:13] - Lack of Innovation and Market Knowledge[00:11:06] - Best of Breed Solutions vs. Legacy Suites[00:11:49] - Impartial Advice and Conflict of InterestAnd that wraps up another episode of The Procurement Software Podcast!Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!We'll be back at the same time next week, so see you there.If you want to learn more about Procurement Software, check out the useful links below. Stay in touch!Grab your ticket to ProcureCon EU in Barcelona with 10% off! Download our Tech Map for Enterprise Download our Tech Map for Mid-Market Download our Tech Map for SMEs Find your perfect procurement tech solution in our Software Finder app Sign up for the Procurement Software Newsletter Book an Intro Call and...
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This episode of The Procurement Software Podcast tackles the often-overlooked challenge of securing a budget for procurement technologies.Host James Meads provides actionable strategies to overcome this hurdle, emphasising the importance of starting small with pilot studies and opting for affordable, user-based software solutions.He also explores how procurement professionals can work smarter by reallocating existing budgets. Doing so can clearly demonstrate ROI to gain buy-in from financial decision-makers for larger investments.Tune in to discover how to successfully advocate for procurement tech investments and drive innovation within your organisation.Start Small, Prove the ROI, then Build on SuccessJames delves into this question, discussing the common obstacles procurement teams face due to a lack of dedicated software budgets and the high ROI expectations from CFOs.Key strategies include launching pilot studies in specific areas, such as a single manufacturing site or country office. Then, leveraging affordable software options like entry level procure-to-pay platforms, SRM tools like Canopy and LUPR, contract management systems like Concord, and e-sourcing platforms such as Market Dojo.James stresses the importance of taking initiative by reallocating budgets from travel, training, or consultancy to fund these projects. Proving the concept and generating positive feedback can create momentum, leading to wider technology adoption within the organisation.Tune in for practical insights and strategies to navigate procurement’s budget challenges and drive digital transformation effectively.Timestamps:[00:01:31] - The Challenge: Lack of Procurement Software Budget[00:03:07] - Understanding CFOs and ROI[00:04:23] - Starting Small with Pilot Studies[00:06:19] - Building Internal Support and Testimonials[00:08:07] - Quantifying Productivity and Opportunity Costs[00:10:04] - Carving Out Your Own Budget[00:10:25] - Affordable Procurement Software ExamplesAnd that wraps up another episode of The Procurement Software Podcast!Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!We'll be back at the same time next week, so see you there.If you want to learn more about Procurement Software, check out the useful links below. Stay in touch!Grab your ticket to ProcureCon EU in Barcelona with 10% off! Download our Tech Map for Enterprise Download our Tech Map for Mid-Market Download our Tech Map for SMEs Find your perfect procurement tech solution in our Software Finder app Sign up for the Procurement Software Newsletter Book an Intro Call and let’s talk all things Digital Procurement! Connect with James on LinkedIn
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This episode of The Procurement Software Podcast delves into the impact of technology and AI on category manager roles in procurement.Host James Meads explores how advancements in tech can potentially change the landscape of procurement and discusses specific areas like spend analytics that can benefit from AI applications.Tune in to learn more about the evolving role of category managers in the era of technological advancements.Will Tech and AI make Category Management irrelevant?In this episode, we explore how AI and technology are transforming the role of category managers in procurement. AI can automate many tactical tasks, such as spend analytics, sourcing, supplier management, and contract reviews, reducing the operational workload. This automation enables category managers to focus on more strategic activities, enhancing their ability to deliver value to the organisation.Despite the efficiency AI brings, it cannot replace the essential soft skills required for effective supplier management and stakeholder engagement. The episode underscores that human emotional intelligence and communication skills remain crucial. Category managers excel in fostering relationships, developing category strategies, and crafting compelling narratives around data to engage stakeholders.Tune in to learn how AI empowers category managers to shift from routine tasks to high-impact activities, driving strategic decision-making and value creation within organisations.Timestamps:[00:02:24] AI in sourcing applications[00:04:43] Contract Management AI Technology[00:11:31] The rise of prompt engineering[00:15:14] AI limitations and soft skills[00:17:15] AI in procurement advancementsAnd that wraps up another episode of The Procurement Software Podcast!Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!We'll be back at the same time next week, so see you there.If you want to learn more about Procurement Software, check out the useful links below. Stay in touch!Grab your ticket to ProcureCon EU in Barcelona with 10% off! Download our Tech Map for Enterprise Download our Tech Map for Mid-Market Download our Tech Map for SMEs Find your perfect procurement tech solution in our Software Finder app Sign up for the Procurement Software Newsletter Book an Intro Call and let’s talk all things Digital Procurement! Connect with James on LinkedIn
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This week on The Procurement Software Podcast, host James Meads delves into some unique technology needs that direct procurement teams are often facing.James explores how specialised tech stacks, including advanced inventory management systems, supplier relationship tools, and risk mitigation software, can address the distinct challenges faced by direct procurement teams.Tune in to uncover how these cutting-edge technologies enhance efficiency, mitigate risks, and foster stronger supplier relationships, making sophisticated procurement solutions accessible to direct procurement teams of all sizes.Does Direct Spend Need Its Own Tech Stack?In this episode, we delve into the unique requirements of direct procurement and why it necessitates a specialised tech stack. Inventory Management: We discuss the importance of handling raw materials and components, highlighting the need for advanced inventory systems and effective BOM spend management. Supplier Relationship Management (SRM): Emphasising the complexities of supplier relationships in direct procurement, we explore advanced SRM tools that ensure quality control, timely delivery, and compliance with production standards. Risk Management: We look at how predictive analytics and robust risk mitigation tools are essential for identifying and addressing potential supply chain disruptions. Niche Category Specific Tools: Certain sub-categories and areas of spend require tailor-made solutions for their nuances. We explore some concrete examples.
This episode underscores the need for tailored technology solutions in direct procurement to enhance efficiency, mitigate risks, and strengthen supplier relationships.Timestamps:[00:03:06] - Direct Spend vs. Indirect Spend Tech Stack[00:05:05] - Key Features of Direct Spend Platforms[00:07:14] - Five Key Areas Where Tech Can Make a Difference in Direct Spend[00:08:18] - Strategic Sourcing and Cost Management[00:12:00] - Supply Chain and Operations Planning[00:14:43] - Quality, Third Party Risk Management, and Sustainability[00:18:07] - Niche Category Specific Tools[00:20:48] - Conclusion: Does Direct Procurement Need Its Own Tech Stack?And that wraps up another episode of The Procurement Software Podcast!Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!We'll be back at the same time next week, so see you there.If you want to learn more about Procurement Software, check out the useful links below. Stay in touch!Grab your ticket to ProcureCon EU in Barcelona with 10% off! Download our Tech Map for Enterprise Download our Tech Map for Mid-Market Download our Tech Map for SMEs Find your perfect procurement tech solution in our Software Finder app Sign up for the Procurement Software Newsletter -
This week on The Procurement Software Podcast, host James Meads sits down with Jonathan O'Brien, Founder and CEO of Positive Purchasing.The conversation explores the transformative influence of technology on procurement training and learning.Jonathan, renowned for his podcast, The Procurement Show, as well as being a serial author of procurement textbooks, brings a polished, radio-inspired approach to the conversation.Join us for an insightful discussion on how technology is transforming procurement training.What's the impact of tech on L&D in Procurement?In this episode, Jonathan discusses the transition from traditional classroom training to a blend of online and classroom-based learning, a shift accelerated by the pandemic.He highlights the significance of managing individual learning journeys using various methods, including e-learning, instructor-led sessions, and on-the-job practice. The conversation also delves into how AI can personalise training, create tailored learning plans, and conduct precise skill assessments.Jonathan emphasises that embracing technology in training is essential for enhancing accessibility and effectiveness in procurement education.Overall, this episode underscores the gradual yet impactful shift towards a technology-enabled, blended approach in procurement training, aiming to make learning more accessible and effective.Timestamps:[00:03:09] Technology in training and development.[00:05:48] The future of e-learning.[00:09:44] Continuous learning opportunities.[00:13:21] Professional development and initiative.[00:15:31] Tech in Emerging Markets.[00:19:31] Building a comprehensive learning platform.[00:21:42] The role of AI.[00:25:03] Evolution of tech in procurement.And that wraps up another episode of The Procurement Software Podcast!Thanks to Jonathan for sharing his insights with us today, and thank you again for listening. We'll be back at the same time next week, so see you there.If you want to learn more about Jonathan, Positive Purchasing, or Procurement Software, check out the useful links below.Stay in touch!Grab your ticket to ProcureCon EU in Barcelona with 10% off! Connect with Jonathan O'Brien on LinkedIn Check out Positive Purchasing Download our Tech Map for Enterprise Download our Tech Map for Mid-Market Download our Tech Map for SMEs Find your perfect procurement tech solution in our Software Finder app Sign up for the Procurement Software Newsletter Book an Intro Call and let’s talk all things Digital Procurement! Connect with James on LinkedIn...
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This week on The Procurement Software Podcast, host James Meads dives into the world of entrepreneurial procurement.Tune in to discover how this approach encourages innovation, efficiency, and greater value delivery, transforming the procurement function into a strategic driver within organisations.Entrepreneurial Procurement: Pragmatism over Rigid ProcessIn this episode, we explore adopting an entrepreneurial mindset in procurement, focusing on prioritising results over rigid processes. By thinking like a business owner, procurement professionals can deliver greater value to their organisations.Traditionally, procurement has emphasised set procedures, often at the expense of efficiency and agility. An entrepreneurial approach encourages breaking free from these constraints, driving innovation, expediting decisions, and adapting quickly.James highlights how re-allocating budgets from FTE salaries to technology can enable teams to invest in tools that automate tasks and enhance efficiency. With this approach, it can be done even if you don't have a specific software budget authorised by the CFO. This shift can lead to significant cost savings and more efficient resource utilisation.Another key concept is the minimum viable product (MVP) approach, inspired by tech startups. By identifying the bare essential processes needed for compliance, procurement teams can streamline operations, reduce bureaucracy, and foster creativity and agility.Overall, this entrepreneurial mindset can drive innovation, deliver value, and contribute to organisational success.Timestamps:[00:02:26] - The Challenge of Entrepreneurial Procurement[00:03:10] - Technocratic vs. Entrepreneurial Mindset[00:04:47] - Thinking Like a Business Owner[00:05:30] - Budgeting with an Entrepreneurial Mindset[00:07:05] - Flexible Staffing Strategies[00:08:43] - Investing in Technology Over Headcount[00:09:57] - Retaining Star Performers[00:11:09] - Minimum Viable Product (MVP)[00:15:04] - Business Partnering Mindset[00:16:10] - Importance of Data in ProcurementAnd that wraps up another episode of The Procurement Software Podcast!Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!We'll be back at the same time next week, so see you there.If you want to learn more about Procurement Software, check out the useful links below. Stay in touch!Grab your ticket to ProcureCon EU in Barcelona with 10% off! Download our Tech Map for Enterprise Download our Tech Map for Mid-Market Download our Tech Map for SMEs Find your perfect procurement tech solution in our Software Finder app Sign up for the Procurement Software Newsletter Book an Intro Call and let’s talk all things Digital Procurement! Connect...
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In this episode of the Procurement Software Podcast, we welcome back Andrew Daly, a partner at specialist recruitment firm Edbury Daley.Andrew previously joined us on Episode 11 back in May to discuss digital skills. Today, we delve into how procurement professionals can transition into careers in procurement technology.Many procurement pros feel burnt out. So, let's explore how you can leverage your skills in a less stressful, and probably more rewarding role within the procurement tech space.Andrew emphasises the importance of educating oneself about digital tools and becoming a "super user" to stand out to potential employers. He also highlights the value of transferable skills such as relationship management, commercial acumen, and an entrepreneurial mindset.We discuss the types of roles that might suit different personality traits, from customer success and sales to product management and implementation. Andrew notes that while younger professionals in their late 20s to early 30s might find it easier to make this transition, mindset and adaptability are crucial at any age.We also touch on the potential risks and rewards of joining a startup versus a more established company. Andrew advises doing thorough due diligence on any prospective employer, especially in terms of leadership credibility and company culture.Episode Timestamps
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This week on The Procurement Software Podcast, host James Meads dives into the world of no-code procurement tools and generative AI.James explores how these technologies enable teams to build custom applications and streamline processes without coding expertise.Tune in to discover how no-code and AI technologies are transforming procurement, making simple and easy-to-use solutions accessible, especially to smaller and medium-sized organisations.No Code Procurement: Is Make vs. Buy back on the table?In this episode, James explores the rise of no-code procurement tools, enabling teams to create custom applications like savings trackers, performance management systems, contract repositories and vendor onboarding platforms without coding.He highlights how tools like Airtable and Jotform enhance productivity through automation and digitalisation.James also discusses the impact of generative AI and models like ChatGPT and Gemini, which provide advanced functionalities such as contract summarisation and clause extraction, previously accessible only through expensive software. These technologies allow small teams to efficiently manage procurement tasks.By leveraging no-code tools and AI, procurement professionals can quickly develop solutions, track progress, and centralise resources, driving innovation and strategic goals. Tune in to discover how these technologies are transforming procurement, making advanced capabilities accessible to all organisations.The question for you is this: could you now build your own apps now to get proof of concept, before asking Finance for a bigger procurement tech budget?Timestamps:[00:01:00] - No Code Procurement[00:01:31] - The Evolution of Procurement Technology[00:02:04] - The Rise of No Code Movement[00:03:08] - Example: Procurement Software Database[00:05:07] - Impact of Generative AI on Procurement[00:06:32] - Seven Use Cases for No Code Tools in Procurement[00:06:43] - Use Case 1: Savings and Performance Management[00:07:58] - Use Case 2: Project Collaboration Tool[00:09:02] - Use Case 3: Vendor Onboarding[00:10:27] - Use Case 4: Simple Intake Requirements[00:12:00] - Use Case 5: Contracts Repository[00:13:35] - Use Case 6: Contract Collaboration Tool[00:14:49] - Use Case 7: Procurement Learning and Resource Hub[00:15:55] - Benefits of No Code Tools in Procurement[00:16:39] - Call to Action and ConclusionAnd that wraps up another episode of The Procurement Software Podcast!Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!We'll be back at the same time next week, so see you there.If you want to learn more about Procurement Software, check out the useful links below. Stay in touch!Grab your ticket to ProcureCon EU in Barcelona with 10% off! Download our Tech Map for Enterprise Download our Tech Map for Mid-Market Download our Tech Map for SMEs Find your perfect procurement tech solution in our Software Finder app Sign up for the
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This week on The Procurement Software Podcast, host James Meads brings on guest Oliver Jones from Procure4, a UK-based procurement consultancy known for their focus on the mid-market and being solution agnostic.Oliver shares insights and tips for effective procurement tech implementation, offering a unique perspective on the process.Tune in to gain valuable knowledge on driving successful technology adoption in procurement.How to get ROI on digital procurement transformationIn this episode, Oliver underscores the importance of communication and managing expectations during procurement technology implementation. He emphasises clear initial communication about the necessity for automation to improve supply performance, transparency, and visibility, aiding smoother stakeholder onboarding.Oliver advocates for a phased, wave-based approach, promoting agility and continuous improvement through feedback. He highlights the need for diverse training formats like quick reference guides, drop-in sessions, and interactive workshops to boost user adoption.Proper data management, including data cleansing and taxonomy creation, ensures accurate reporting and informed decision-making. The hypercare phase involves live usage, immediate assistance, and ongoing support, fostering continuous learning and proficiency. Establishing governance structures and appointing super users enhances this process.Overall, the episode highlights key strategies for effective procurement technology implementation, driving long-term value and stakeholder buy-in.Timestamps:[00:01:54] Procure4's Approach and Market Perspective[00:05:26] Defining ROI in procurement tech.[00:08:33] Building stakeholder relationships for success.[00:11:58] Lazy approach to technology implementation.[00:14:20] Commercial illiteracy in procurement.[00:19:50] Potential banana skins during implementation.[00:23:44] Data's role in process improvement.[00:26:13] Ensuring good post-implementation practices.[00:27:37] Utilising hypercare for software launch.[00:32:09] Favourite guilty pleasure.And that wraps up another episode of The Procurement Software Podcast!Thanks to Oliver for sharing his insights with us today, and thank you again for listening. We'll be back at the same time next week, so see you there.If you want to learn more about Oliver, Procure4, or Procurement Software, check out the useful links below.Stay in touch!Grab your ticket to ProcureCon EU in Barcelona with 10% off! Connect with Oliver Jones on LinkedIn Check out Procure4 Download our Tech Map for Enterprise Download our Tech Map for Mid-Market Download our Tech Map for SMEs Find your perfect procurement tech solution in our Software Finder app Sign up for the Procurement Software Newsletter
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On this episode of The Procurement Software Podcast, host James Meads dives into the world of procurement tech startups. With over 440 solutions in our software directory over at app.procurementsoftware.site, we aim to educate procurement leaders on the vast array of software options available to them.There's so much more out there than just the tired, legacy technology that seems to sponsor all of the conferences.Highlighting 25 innovative European-based procurement startups, the episode provides valuable insights into emerging players who don't necessarily have the marketing presence and events budget of larger companies.Tune in to discover how these startups are shaping the future of digital procurement.The 25 Hottest European Procurement Tech StartupsIn this episode, we spotlight 25 of the hottest European procurement tech startups.We explore: Apadua offers AI-powered sourcing solutions for professional services. SpendKey simplifies spend analytics and contract data extraction with advanced machine learning capabilities. Weproc is a SaaS eProcurement platform for SMEs, focused on user experience. Mithra AI provides cognitive spend intelligence for mid-market businesses. SpareTech delivers spare parts and MRO procurement management. Thinking Machine automates telecoms procurement using machine learning. TrueLedger manages real-time contract evaluation and management for professional services. PivotApp is a cloud-based platform for procurement intake and spend management targeting growing tech companies and mid-market businesses. DigiProc automates supplier negotiations for tactical and tail spend. Alpas AI offers AI-driven supplier discovery and sourcing. Canopy provides comprehensive vendor master data management. Carbmee helps reduce carbon footprint through emissions analytics. Daato consolidates ESG compliance and sustainability reporting. MySupply offers AI-driven tactical sourcing and negotiation. Lhotse automates procurement with MS Teams integration. Vertice optimises SaaS procurement and cloud costs. ivoflow provides AI-powered analytics for procurement in manufacturing businesses. Supplios manages supplier relationships for direct spend. Ctrl+s delivers sustainability and carbon tracking solutions for supply chain emissions. Deployed simplifies drafting and managing statements of work. Flowlity offers operations planning and inventory management. forestreet delivers AI-powered market intelligence and vendor discovery. ProcurementFlow provides no-code software for stakeholder collaboration. akirolabs enables enterprise-wide category strategy collaboration with AI-driven insights. Contingent assesses supplier risk and builds supply chain resilience.
And that wraps up another episode of The Procurement Software Podcast!Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!We'll be back at the same time next week, so see you there.If you want to learn more about Procurement Software, check out the useful links below. Stay in touch!Grab your ticket to ProcureCon EU in Barcelona with 10% off! Download our Tech Map for... -
On this episode of The Procurement Software Podcast, host James Meads dives into the world of procurement tech startups. With over 440 solutions in our software directory over at app.procurementsoftware.site, we aim to educate procurement leaders on the vast array of software options available to them.There's so much more out there than just clunky, legacy technology.Highlighting 25 innovative US-based procurement startups, the episode provides valuable insights into emerging players who don't necessarily have the marketing presence and events budget of larger companies.Tune in to discover how these startups are shaping the future of digital procurement.The 25 Hottest American Procurement Tech StartupsIn this episode, we spotlight 25 of the hottest American procurement tech startups.We explore Focal Point offers intake, project management and procurement performance; Lavenir AI offers ongoing, virtual negotiation training practice; Raindrop is a complete spend management suite built on modern technology; FRDM focuses on supply chain risk management; LUPR leverages Salesforce data for SRM. Part Analytics looks at direct materials and purchased parts for manufacturing businesses; Ravacan enhances planning and inventory for manufacturing firms; Requis specialises in capital equipment procurement and asset disposal; Levelpath is an early stage startup simplifying procurement intake; Altana uses AI for global trade solutions; Graphite Systems looks at intake; LightSource innovates in offering a user-friendly sourcing platform; Opstream AI improves procurement intake and supplier discovery; Varisource focuses on IT sourcing; Planergy is a P2P solution for mid-sized businesses Scalewith targets ESG and sustainability; SaaSrooms manages SaaS spend; Zapro offers comprehensive, affordable P2P for SMEs; Zumen offers Source-to-Pay solutions for direct materials e2Log looks at logistics procurement. Control Hub offers comprehensive P2P and inventory management to mid-market Lightyear focuses on telecoms spend Leverage provides supply chain visibility OpenEnvoy niches down on accounts payable WorkSuite, last but not least, is a freelancer workforce management platform.
And that wraps up another episode of The Procurement Software Podcast!Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!We'll be back at the same time next week, so see you there.If you want to learn more about Procurement Software, check out the useful links below. Stay in touch!Grab your ticket to ProcureCon EU in Barcelona with 10% off! Download our Tech Map for Enterprise Download our Tech Map for Mid-Market Download our Tech Map for SMEs Find your perfect procurement tech solution in our Software Finder app Sign up for the -
This week on The Procurement Software Podcast, host James Meads explores the challenges faced by organisations in adopting and utilising new software technologies.James discusses an interesting article from The Guardian titled "Your Office Software Is Not the Problem, You Are," highlighting tensions around software usability and adaptability within large organisations.Tune in as we explore these conflicting perspectives and provide insights on how both software providers and organisations can foster better software adoption and usability.Is your procurement software the problem, or is it your organisation?In this episode, we discuss the critical role of user experience and ease of implementation in the success of procurement software solutions. Poor user experience, marked by clunky interfaces and difficult navigation, can hinder adoption and lead to implementation failures. Software companies must prioritise creating intuitive platforms.Additionally, the episode emphasises the importance of seamless implementation processes. Complex and lengthy setups deter user engagement. Effective software should be user-friendly from the start and require minimal training.We also highlight the necessity of robust communication, training, and onboarding strategies. Engaging users through various formats, explaining the benefits, and providing bite-sized training materials can significantly enhance adoption rates.Leaders play a crucial role by securing resources and advocating for budget allocation to support these initiatives. Prioritising these aspects can lead to a successful digital transformation within organisations.Timestamps:[00:01:52] Office software usability debate.[00:06:10] User-friendly software platforms.[00:12:15] Effective software training methods.[00:14:10] Digital transformation and procurement software.[00:17:28] Software implementation challenges.And that wraps up another episode of The Procurement Software Podcast!Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!We'll be back at the same time next week, so see you there.If you want to learn more about Procurement Software, check out the useful links below.Stay in touch!Grab your ticket to ProcureCon EU in Barcelona with 10% off! Download our Tech Map for Enterprise Download our Tech Map for Mid-Market Download our Tech Map for SMEs Find your perfect procurement tech solution in our Software Finder app Sign up for the Procurement Software Newsletter Book an Intro Call and let’s talk all things Digital Procurement! Connect with James on LinkedIn
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This week on The Procurement Software Podcast, host James Meads chats to guest Andrew Daley, a partner at EdburyDaley, a specialist recruitment firm in the UK.Andrew sheds light on some of the differences between recruiting individuals for procurement tech companies, and how it differs from hiring for traditional procurement roles.Tune in to gain insights into how technology is shaping the procurement profession and discover the tools to stay ahead in the game.Are digital skills in procurement really valued by CPOs?In this episode, Andrew Daley highlights the importance of digital skills for procurement professionals. He explains these skills are essential for leveraging technologies like AI, RPA, and cloud-based solutions. Digital literacy and technological proficiency in sourcing, risk management, and contract management are crucial.Andrew stresses continuous learning and adaptation to stay competitive. He also discusses creating compelling job descriptions to attract quality candidates by highlighting unique aspects, career growth opportunities, and company values.Additionally, Andrew underscores educating and motivating individuals about digital transformation's benefits. Overcoming past negative experiences with outdated systems is crucial. Continuous education and showcasing successful case studies encourage adopting new technologies, leading to efficiency, cost savings, and improved decision-making in procurement.Overall, the episode emphasises digital skills' critical role and the need for continuous learning in procurement.Timestamps:[00:05:05] Digital skills in procurement.[00:07:23] Digital procurement skills definition.[00:10:59] The potential of digital transformation.[00:14:14] Skills for digital transformation.[00:17:18] Digital procurement up-skilling opportunities.[00:21:48] Impact of AI on jobs.[00:25:51] Recruitment challenges and strategies.[00:28:59] Crafting compelling job adverts.[00:31:09] Hindering perceptions of digital transformation.[00:33:55] Catalyst for improvement.[00:38:34] Can procurement professionals transition?[00:39:43] Is there really a war on talent.And that wraps up another episode of The Procurement Software Podcast!Thanks to Andrew for sharing his insights with us today, and thank you again for listening. We'll be back at the same time next week, so see you there.If you want to learn more about Andrew, EdburyDaley, or Procurement Software, check out the useful links below.Stay in touch!Grab your ticket to ProcureCon EU in Barcelona with 10% off! Connect with Andrew Daley on LinkedIn Check out EdburyDaley Download our Tech Map for Enterprise Download our Tech Map for Mid-Market Download our Tech Map for SMEs Find your perfect procurement tech solution in our Software Finder app Sign up for the Procurement Software...
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This week on The Procurement Software Podcast, host James Meads explores different price points for procurement technology applications.James discusses software options costing less than $20,000 to $25,000 per year, those ranging from $25,000 to $75,000 annually, and higher-end solutions.Tune in to discover what each price point can offer your procurement team and how to make the most of your tech budget.How much do digital procurement tools cost?In this episode, the focus is on the broad spectrum of procurement technology solutions available across various price ranges, catering to different organizational needs and budgets.For those with a budget under $20,000 per year, niche-specific software designed for SMEs offers basic yet modern e-sourcing and spend analytics capabilities.Mid-market organizations with a budget between $25,000 to $75,000 per year can access more comprehensive e-sourcing solutions, AI-powered spend analytics, and full-featured procure-to-pay software, along with supplier relationship management platforms.For budgets exceeding $100,000 per year, top-tier procurement technologies become available, including full e-sourcing suites, advanced spend analytics, complete source-to-contract suites, and AI-powered automation for tactical and tail spend.The episode emphasises the importance of aligning procurement technology investments with organisational budgets and the need to enhance procurement processes and drive digital transformation within the procurement function.Timestamps:[00:02:24] Procurement tech on a budget.[00:05:05] Accounts payable workflow automation.[00:06:19] Procurement Tech for $25,000 to $75,000 per Year[00:09:00] Premier League of procurement technology.[00:12:08] Digital procurement introduction.And that wraps up another episode of The Procurement Software Podcast!Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!We'll be back at the same time next week, so see you there.If you want to learn more about Procurement Software, check out the useful links below. Stay in touch!Grab your ticket to ProcureCon EU in Barcelona with 10% off! Download our Tech Map for Enterprise Download our Tech Map for Mid-Market Download our Tech Map for SMEs Find your perfect procurement tech solution in our Software Finder app Sign up for the Procurement Software Newsletter Book an Intro Call and let’s talk all things Digital Procurement! Connect with James on LinkedIn
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This week on The Procurement Software Podcast, we delve into the topic of selecting technology in a greenfield procurement role.Host James explores what technology he would invest in if given the opportunity to lead a digital transformation in procurement.Join us for a deep dive into the world of procurement technology and decision-making.What digital procurement tools should you buy first?In this podcast episode, the importance of incorporating spend analytics software into procurement is highlighted as a means to gain insights and enhance value within the function.Advances in AI and machine learning have made these tools more efficient, allowing procurement teams to focus on strategic activities.The episode also discusses the benefits of using procure-to-pay and source-to-pay platforms to streamline processes, reduce administrative burdens, and enable procurement professionals to concentrate on value-driven tasks.Furthermore, the adoption of niche category-specific tools tailored to the organization's unique needs and challenges is advocated for more efficient procurement processes and cost savings.Overall, the episode emphasizes the critical role of technology in optimizing procurement operations, driving strategic decision-making, and achieving procurement excellence.Timestamps:[00:00:48] Greenfield procurement technology investments[00:04:32] Technological advancements in spend analytics[00:05:30] Importance of Spend Analytics[00:08:41] Procurement team efficiency strategies[00:13:12] Niche category specific tools[00:15:10] Focus on Category-Specific Tools and Solutions[00:16:01] Eliminate, automate, delegate for efficiencyAnd that wraps up another episode of the show.Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!We'll be back at the same time next week, so see you there.If you want to learn more about Procurement Software, check out the useful links below. Stay in touch!Grab your ticket to ProcureCon EU in Barcelona with 10% off! Download our Tech Map for Enterprise Download our Tech Map for Mid-Market Download our Tech Map for SMEs Find your perfect procurement tech solution in our Software Finder app Sign up for the Procurement Software Newsletter Book an Intro Call and let’s talk all things Digital Procurement! Connect with James on LinkedIn
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On this episode of The Procurement Software Podcast, host James welcomes back Ward Karson, COO of Raindrop. They discuss how AI applications in source-to-pay technology can be confusing, and how organisations can best navigate the vast array of solutions available.Ward, a veteran procurement professional, shares valuable insights to help listeners stay ahead in the ever-evolving procurement landscape.Tune in for expert advice on embracing change and ensuring that new, cutting edge developments in procurement and not confused with old technology masquerading as the new.AI in Source-to-Pay: Use cases and opportunitiesIn the latest episode of The Procurement Software Podcast, Ward Karson, COO of Raindrop, returned to discuss the transformative impact of AI on the source-to-pay spaceWard discusses how generative AI is a game-changer versus traditional AI and other types of machine learning and process automation. The conversation highlighted the shift from traditional technologies like RPA (Robotic Process Automation) and OCR (Optical Character Recognition) to advanced AI, including generative AI, exemplified by tools like ChatGPT. Ward clarified that while RPA is process-focused, AI leverages data and generative AI can autonomously create content such as contracts.Ward stressed the necessity of mastering basic procurement operations before advancing to more complex technologies. He showcased how modern Source-to-Pay (S2P) suites like Raindrop enhance efficiency, cut operational costs, and minimise administrative tasks, potentially rendering Business Process Outsourcing (BPO) in transactional services obsolete to some extent.The conversation also explores the business case of choosing BPO vs. technology, and how to present the numbers in order to get the political capital required to be given the budgets.Timestamps:[00:00:48] Greenfield procurement technology investments[00:04:32] Technological advancements in spend analytics[00:05:30] Importance of Spend Analytics[00:08:41] Procurement team efficiency strategies[00:13:12] Niche category specific tools[00:15:10] Focus on Category-Specific Tools and Solutions[00:16:01] Eliminate, automate, delegate for efficiencyAnd that wraps up another episode of The Procurement Software Podcast!Thanks to Ward for sharing his insights with us today, and thank you again for listening. We'll be back at the same time next week, so see you there.If you want to learn more about Ward, Raindrop or Procurement Software, check out the useful links below.Stay in touch!Grab your ticket to ProcureCon EU in Barcelona with 10% off! Connect with Ward Karson on LinkedIn Check out Raindrop Download our Tech Map for Enterprise Download our Tech Map for Mid-Market Download our Tech Map for SMEs Find your perfect procurement tech solution in our Software Finder app Sign up for the
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This week on The Procurement Software Podcast, host James Meads delves into the topic of why reviews and best-of lists may not be as helpful as they seem when choosing procurement software.The episode also touches on the lack of transparency in some top procurement tech listings, cautioning listeners to be wary of sponsored content.Tune in to gain insights on navigating the complex landscape of procurement software selection.Why Procurement Software reviews are of limited useThis episode underscores the importance of a critical approach when considering reviews and best-of lists for procurement software.It stresses that the criteria used in reviews might not always align with an organisation's specific needs, given the diversity in procurement maturity and operational requirements.The episode further highlights the significance of the reviewer's role within their company, suggesting that feedback from daily users like procurement category managers is more valuable than that from analyst firms.Additionally, the size and maturity of one's organisation are crucial factors to consider, as a solution fit for a large, mature enterprise may not suit a mid-market business or a growing tech start-up.The episode concludes by advocating for a nuanced evaluation of procurement software, taking into account the criteria used in reviews, the user's role, and the organisation's size and maturity level, to make informed decisions that best serve an organisation's unique procurement needs.Timestamps:[00:00:37] The Problem with Reviews and Best-of Lists[00:01:10] Personal Experiences and Organisational Differences[00:03:20] Relevance of Reviews from Large Enterprises[00:04:24] The Bias Towards Large Enterprise in Best-of Lists[00:05:08] Considerations When Looking at Procurement Software Reviews[00:07:37] Procurement Maturity and Organisational Stages[00:08:10] Impact of Change Management and Data Quality[00:09:04] Summary and Critical Mindset Towards Reviews[00:11:22] Conclusion and TakeawaysAnd that's a wrap for another episode of the show.Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!We'll be back at the same time next week, so see you there.If you want to learn more about Procurement Software, check out the useful links below. Stay in touch!Grab your ticket to ProcureCon EU in Barcelona with 10% off! Download our Tech Map for Enterprise Download our Tech Map for Mid-Market Download our Tech Map for SMEs Find your perfect procurement tech solution in our Software Finder app Sign up for the Procurement Software Newsletter Book an Intro Call and let’s talk all things Digital Procurement! Connect with James on LinkedIn
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