Spend management stories
![Story image](../../../../../uploads/story/2024/07/25/preview_techday_3f5d73e546773859f582.webp)
Ascertus & Lawcadia forge strategic partnership to streamline legal operations
3 days ago
#
data analytics
#
strategy
#
bi
Ascertus has partnered with Lawcadia to enhance matter and spend management for corporate legal departments, solidifying their portfolio with innovative solutions.
![Story image](../../../../../uploads/story/2024/07/16/preview_techday_de120a8bb0859177147e.webp)
UK businesses embrace Gen AI in procurement for efficiency gains
Last week
#
digital transformation
#
ai
#
digitisation
Almost 25% of UK firms have adopted Generative AI in procurement, cutting manual tasks by 44%, reveals Ivalua research. Future efficiency gains are projected.
![Story image](../../../../../uploads/story/2024/07/11/preview_techday_740bc5282956b5757236.webp)
AI-driven sourcing cuts costs by 20% for Global 2000 firms
This month
#
ai
#
productivity
#
procurement
AI-driven procurement by Globality and HFS Research shows Global 2000 firms boosting productivity by 70% and cutting costs by 20%, enhancing efficiency.
![Story image](../../../../../uploads/story/2024/06/26/preview_techday_0e63fe9536044c6b99dc.webp)
Ivalua unveils new tool for external workforce management
Last month
#
devops
#
apm
#
risk & compliance
Ivalua has unveiled its External Workforce Management solution, promising seamless integration within its Source-to-Pay platform to optimise talent selection, costs, and risk management.
![Story image](../../../../../uploads/story/2024/06/21/preview_techday_3245ca5c9ec89fda2d61.webp)
One-third of UK businesses hit by invoice fraud in past year
Last month
#
procurement
#
spend management
#
isg
Nearly a third of UK businesses fell victim to invoice fraud in the past year, with only 39% preventing fraudulent payments.
![Story image](../../../../../uploads/story/2024/06/05/preview_img-7uK5yEb9wNU7PWNNyraKFngk.webp)
UK businesses see 449% rise in AI spending with ChatGPT leading
Last month
#
fintechs
#
productivity
#
spend management
UK businesses have ramped up their AI spending by 449% in Q1 2024, with 63% of investments directed at OpenAI's ChatGPT.
![Story image](../../../../../uploads/story/2024/05/31/preview_img-OPeydgGDkqfH7xHeE7nuYBl2.webp)
Ivalua & Visa team up to unlock GBP £400 billion liquidity
Fri, 31st May 2024
#
commerce systems
#
martech
#
payment technologies
Ivalua has partnered with Visa to unleash £400 billion in trapped supply chain liquidity, enhancing global corporate card use and improving cash flow.
![Story image](../../../../../uploads/story/2024/05/29/preview_img-Dwd4ILNqYcUkHe9HWiMVpFer.webp)
Ivalua to enhance NCC Sweden's supply chain risk management
Wed, 29th May 2024
#
risk & compliance
#
cleantech
#
construction
Ivalua to digitise NCC Sweden’s supply chain with advanced risk and performance management, aiming to curb annual revenue losses of up to 15%.
![Story image](../../../../../uploads/story/2024/04/10/preview_img-qJUG0h1OJkP3yVrRncL9RqSv.webp)
Exclusive: How Portt is seeing the procurement landscape evolve
Mon, 15th Apr 2024
#
edutech
#
supply chain systems
#
risk & compliance
Silvério Governo of Portt discusses the company's innovative approach to procurement and spend management, addressing sector-specific challenges and leveraging technology.
![Story image](../../../../../uploads/story/2024/04/11/preview_img-hJvPScAwe1SGveh8RdkoTsdE.webp)
Moss & Deel announce partnership to transform SMB finance & HR
Fri, 12th Apr 2024
#
smb
#
spend management
#
onboarding
Moss has formed a strategic alliance with HR platform Deel, in a bid to make finance and HR operations for SMBs more automated and efficient.
![Story image](../../../../../uploads/story/2024/04/11/preview_Silverio_Governo(2).webp)
Four key factors procurement teams face that affect business success
Thu, 11th Apr 2024
#
supply chain systems
#
risk & compliance
#
business success
Procurement teams face challenges of compliance, supply chain risk, savings focus and securing approval for technology investments, impacting an organisation's business success.
![Story image](../../../../../uploads/story/2024/04/01/preview_img-0TummDMVVWvlWYqFaEafNT2L.webp)
Extend launches 'team budgets' to boost autonomy & secure expenses
Mon, 1st Apr 2024
#
it budget
#
spending
#
autonomy
Extend unveils 'team budgets', a novel feature designed to enhance spend regulation, secure transactions and foster autonomy amongst finance leaders on its platform.
![Story image](../../../../../uploads/story/2024/03/12/preview_img-JK7Qfnpk3Vttf2eReLP61IFh.webp)
Accenture recognises Ivalua as leading solution in direct materials
Thu, 14th Mar 2024
#
digitisation
#
accenture
#
spend management
Accenture has identified Ivalua as a leading provider in the direct materials sector, highlighting the promise of its spend management solution to bolster supply chain resilience.
![Story image](../../../../../uploads/story/2024/03/07/preview_img-T5GkAPmhJh6OHShf5DvormsV.webp)
Payhawk to boost London workforce by 44% following revenue spike
Fri, 8th Mar 2024
#
data protection
#
fintechs
#
financial systems
UK fintech company Payhawk aims to expand its London team by 44% following a successful year and the acquisition of its UK EMI Licence.
![Story image](../../../../../uploads/story/2023/12/06/preview_invoice.webp)
Managing indirect spend effectively through invoice automation
Wed, 6th Dec 2023
#
fintechs
#
spend management
#
workflow solutions
By taking steps to better manage indirect spend more effectively through invoice automation, companies can ensure that their operations and workflows are optimised.
![Story image](../../../../../uploads/story/2023/11/07/preview_financial_man.webp)
Using data insights more effectively to manage cashflow and guide better decision-making
Tue, 7th Nov 2023
#
erp
#
spend management
#
expense management
Organisations that implement spend management technology sooner rather than later will find themselves in a stronger position to weather an economic storm.
![Story image](../../../../../uploads/story/2023/07/24/preview_ORO-Founders-2.webp)
Spend pipelines: A key for organizations in looming downturn
Mon, 24th Jul 2023
#
rpa
#
spending
#
digitalisation
Spend pipelines can deliver the data, systems, and workflow necessary to enable greater visibility and understanding of an organization's spending commitments.
![Story image](../../../../../uploads/story/2023/03/08/preview_Paul_Henaghan.webp)
Workday appoints Paul Henaghan as President of APJ
Tue, 7th Mar 2023
#
data analytics
#
planning
#
hcm
Workday appoints Paul Henaghan as president of Asia Pacific and Japan, as the enterprise SaaS applications vendor looks to expand its footprint.
![Story image](../../../../../uploads/story/2022/12/20/preview_Carl_Jones.webp)
SAP appoints Carl Jones as Managing Director for South East Asia
Fri, 30th Sep 2022
#
hcm
#
asia pacific
#
sales
Dr Carl Jones appointed as SAP Concur's new Managing Director for South East Asia, leading client-facing commercial opportunities and promoting sustainability.
![Story image](../../../../../uploads/story/2021/12/29/preview_GettyImages-1002311754.webp)
DiviPay raises $20 million, looks to expand into international markets
Wed, 29th Dec 2021
#
fintechs
#
capital
#
spend management
Sydney-based start-up DiviPay has raised $20m in Series A funding to expand its operations and product offering in international markets.