Are you new to the world of 1099 reporting, or perhaps need a refresher on the essentials? In this monthly session, we’ll guide you through the fundamental principles of 1099 reporting. This session is designed for beginners, providing a clear and…
Source: https://www.iofm.com/ap/webinars/1099-reporting-101
If it feels like you are under more pressure to navigate e-invoicing mandates, you are not alone.
More than 80 countries worldwide already have e-invoicing mandates in place, and 50 have announced their intention to impose new or additional…
Is Your Accounts Receivable (AR) Team Ready for 2025?
With rapid technology changes and rising customer demands, keeping AR teams agile and efficient is top-of-mind for finance leaders.
Join us for an exclusive webinar, “2025…
Source: https://www.iofm.com/ar/webinars/2025-action-plan-a-strategic-roadmap-for-ar-success
Is your finance team equipped to adapt to today’s demands for speed and accuracy? In this webinar, discover how AP automation and AI can empower finance departments to meet operational goals efficiently while driving strategic…
Source: https://www.iofm.com/ap/webinars/strengthening-financial-agility-with-ap-automation-and-ai
Are you ready to streamline your organization’s procure-to-pay (P2P) process and drive greater efficiency across AP and procurement? In this webinar, we’ll explore why accounts payable is uniquely positioned to lead the integration with…
As we explained in part 1, the “no UI is the new UI” concept is making a comeback because of the rise of generative AI (GenAI). GenAI has opened up new possibilities for providers to enhance their applications with new AI capabilities, one of which is chatbots.
Chatbots are a way to move from graphical user interfaces (GUI) to conversational user interfaces (CUX). After looking at the potential benefits and the challenges that chatbots represent in part one, this second installment will cover some of the unintended consequences of CUX, especially related to the promise of reducing or even eliminating the usual learning curve.
The post GenAI and chatbots — The fallacy of ‘No UI is the new UI’ — Part 2 appeared first on Spend Matters.
In today’s fast-evolving business landscape, procurement and supply chain professionals are confronted with a staggering complexity of risk management (link to complexity piece) that requires a nuanced understanding of various dimensions of risk. The prevailing VUCA environment underscores this challenge — marked by volatility, uncertainty, complexity and ambiguity — which has become a defining characteristic of global markets. Recent events have illustrated how interconnected and fragile supply chains can be.
Many organizations struggle to turn risk awareness into actionable strategies amid these challenges. The understanding of procurement-related risks has surged, yet a fragmented approach to risk management often leaves many companies vulnerable. As procurement leaders look to champion comprehensive risk management strategies they must embrace a holistic perspective that accounts for upstream risks and their cascading effects throughout the supply chain.
It is true that ‘risk management’ in the context of procurement and supply chain management encompasses various ‘flavors,’ supplier risk management, supply risk management, third-party risk management (TPRM) and supply chain risk management (SCRM) (link to definition piece). However, despite the complexity and the efforts it may require, doing it well is a massive value to organizations(link to ROI piece).
Technology can be a game-changer in capturing and unlocking value. However, the procurement technology landscape has become increasingly complex, with a variety of solutions catering to different aspects of risk management. In this multifaceted environment, the integration of different technological capabilities is crucial for effective risk management. Therefore, procurement professionals must pay attention to the nuances of these offerings to optimize their risk mitigation strategies.
An important factor contributing to this complexity is the convergence and overlap of various technology segments (link to landscape piece, including Enterprise Risk Management (ERM), Governance, Risk and Compliance (GRC), Supplier Risk Management, TPRM solutions, SCRM solutions and a plethora of point solutions dedicated to a specific domain (human rights, environmental compliance, etc.). Each area offers distinct functionalities yet frequently intersects, creating a layered landscape of features and tools designed to enhance organizational resilience.
The need for comprehensive risk governance further complicates matters. Organizations must establish clear frameworks that dictate how risks are identified, assessed, communicated and mitigated. This governance requires a proactive stance toward emerging threats and the agility to react swiftly to new incidents. Risk identification and sensing become paramount in this context, as firms must leverage historical and real-time data to unearth threats and avert disruptions.
In a nutshell, risk management is complex and finding the right technology is even more difficult. It is why Spend Matters expanded its product offerings to cover risk more broadly and effectively while considering the potential needs and system landscapes that organizations have or want. In addition to our deep insights on holistic supplier management (including risk), which is the core of our ‘supplier management with enhanced risk’ module, we launched a module solely focused on risk management that covers use cases like TPRM and SCRM.
This module allows users to analyze the capabilities of various solution categories (suites, supplier management, TPRM specialists and SCRM specialists) in order to provide potential buyers with insights on best fit depending on their requirements: focus on risk vs. holistic supplier management, risk from direct suppliers vs. tier-x suppliers, focus on risk detection vs. mitigation and collaboration and so on.).
Therefore, this article will share some of the findings and takeaways from our SolutionMap data. More specifically, we want to answer two questions:
How do the various segments compare?
What are the high-level considerations and differentiators per segment?
The post Key takeaways from SolutionMap: Supplier risk, TPRM and SCRM appeared first on Spend Matters.
This Spend Matters Vendor Analysis gives an overview of smartKYC, a risk (supplier due diligence) solution built to ensure that organizations stay on top of reputational and compliance risks.
With the increasing number of regulations in recent years that require companies to perform due diligence in their supply chains, e.g., the German Supply Chain Act, California Supply Chain Act, and EU’s Corporate Sustainability Due Diligence Directive (CS3D), companies are faced with multiple challenges. One is to collect and analyze information to ensure their partners are not engaged in malicious activities that would create compliance and reputation risks.
smartKYC is a solution that helps address such challenges. The vendor started in the banking industry, which has had similar regulations for many years and requires financial institutions to scrutinize their customers (Know Your Customer). As supply chain-related regulations started to appear, the company extended its value proposition and potential market to companies wanting to benefit from KYC-like capabilities for their third parties (KY3P, Know Your Third Parties), including suppliers.
This Vendor Analysis provides an overview of smartKYC, a look at the competitive landscape, user considerations and an analyst summary.
Here’s why smartKYC matters:
To the market — smartKYC increases an organization’s productivity and compliance by ensuring they never miss emerging risks or events related to their supply chain
To potential buyers — smartKYC can either serve as a standalone solution to watch specific companies or integrate with other procurement solutions to provide in-depth and real-time insights about the companies with which they work.
The post smartKYC: Vendor Analysis — Supplier risk solution overview, competitors, user considerations, analyst summary appeared first on Spend Matters.
The annual State of Flux global supplier relationship (SRM) management study made its appearance in London last week at the 2024 Supplier Management Summit in its 16th rendition, this time themed ‘Return on Relationships (RoR). The report once again delivers data-backed findings of the state of SRM across the globe and gives best practice models, […]
The post ‘Return on Relationships’ – the ROI of building supplier relationships and how to measure it appeared first on Spend Matters.
The phrase “no UI is the new UI” is a popular concept in user experience design. It suggests that the best user interfaces are often invisible or unobtrusive. Instead of relying on traditional visual elements like buttons, menus and text fields, these interfaces anticipate user needs and perform actions automatically or through subtle cues, creating a more seamless and intuitive experience.
The concept is closely related to conversational user experience (CUX). Chatbots and voice assistants are often key components in delivering a user experience without traditional, visual user interfaces. Users interact with a system through text or voice natural language when interacting with a chatbot, which makes the interface invisible or less noticeable and aligns with the core idea of “no UI.”
Here we explain the CUX experience, past and present.
The post GenAI and chatbots — The fallacy of ‘No UI is the new UI’ — Part 1 appeared first on Spend Matters.
