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Spend Management

Blockchain ― Technology to Replace Trust and Revolutionize Business

Almost daily I come across articles about Blockchain. Curiosity has got the better of me and I have started to investigate what Blockchain is really all about. Blockchain in general is a database. More specifically, Blockchain is a Distributed Database that has the capability to store permanent and tamper-proof data.

Spend Management Defined

In its broadest sense, the definition should be obvious to all: spend management is the management of spend. But that self-referential form of explanation is really of little help. More specifically, it can be thought of as the catch-all term for a set of techniques, processes and systems that can be deployed in an effort to bring spend under management.

When Source-to-Pay Becomes Touch-to-Save

The wider world of personal spend management is becoming easier, touchless, automatic and thus free from hassle and effort, while spend management in today’s complex global business remains a disjointed, disconnected set of systems, departments and decisions.

Improving the User Experience: What Users Want

Forgiveness and empathy are two words procurement software providers don’t usually use when describing the process for developing source-to-pay and procure-to-pay applications. They’re more likely to speak in terms of functionality and capability. But such human expressions are important to users, how they interact with software, and ultimately, a company’s return on investment (ROI). More business-to-business software providers are starting to think in terms of the user experience. But, as users see it, they are a bit behind their business-to-consumer counterparts. For years now, consumers have been able to easily shop online for everything from books and music to airline tickets and hotel rooms. They’re able to complete the acquisition process in a few clicks – including paying for the items – without having to refer to a manual or consult a help desk. Users want this same experience from the applications they use at work. A blog post at My Purchasing Center.

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