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Digital trends affecting Procurement – AI and Spend Analysis (part 1)

By: Andrada Sabo | January 14, 2019

We live in a time of innovation and fast emerging technologies. Our everyday lives are affected by these innovative technologies as they are also changing the way we live our lives. Amazon and similar platforms have changed the way we buy things, whilst Netflix and social networks have changed the way we spend our free […]

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What’s new in procurement technology?

By: Alexandra Pogacean| December 20, 2018

Research estimates that procurement departments are spending up to 30% of their time on activities that prevent them from tackling the challenges that really matter- such as negotiating better contracts, achieving greater value for money, increasing spend under management and reducing risk. Building a world class procurement function means driving ongoing behavioral and organisational change […]

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SAP Ariba SNAP – delivered by Xoomworks

By: Alexandra Pogacean| November 28, 2018

In a volatile economic environment with pressure on increasing share price value and declining profit margins, it can be hard to find the time to focus on making savings and achieving efficiencies. Businesses are additionally faced with continuous challenges from areas such as: Gaps in current technology infrastructure Businesses challenging Procurement Directorates Regulatory challenges Poor […]

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Our highlights from Coupa Inspire London ‘18

By: Andrada Sabo| November 23, 2018

It has now become a bit of a tradition for Xoomworks to attend Coupa Inspire, one of Europe’s leading Business Spend Management events, we are very fortunate to also be a regular sponsor of this hugely successful event organised by our partner Coupa. The publicity leading up to the event looked very promising, this left […]

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Procurement – an important line of defence against cyberattacks?

By: Andrada Sabo| November 19, 2018

Initially, the internet was developed as a global network connecting people with similar interests and passions miles apart from each other. The concept of the internet was that is was a safe place, where everyone was free to be themselves and express their ideas and opinions. At that time, it was designed as a place […]

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Strategic Sourcing – best practices

By: Alexandra Pogacean| October 31, 2018

Sourcing is a continuous, iterative and comprehensive activity which can profoundly impact the direction and effectiveness of an organisation. The scale and scope of sourcing projects can vary enormously and the approach to a project should be specific and targeted. Supplier selection is a major component of any sourcing approach and technology can greatly facilitate […]

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The Xoomworks Guide to SAP Ariba Spot Buy

By: Andrada Sabo| October 26, 2018
ariba spot buy

In an ideal scenario all of a company’s purchases are attentively planned and the business is always aware of its purchasing needs before there is an actual gap. But of course, that doesn’t actually happen in the real world, at least not 100% of the time.    The background story While businesses plan purchases for […]

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4 steps to improving supply chain transparency

By: Andrada Sabo| October 18, 2018

How important is it to know the origin of the products you consume? 15 or 20 years ago, we would reply “not that important, as long as the quality is good”. However, this is not valid in today’s society. The origin and the events surrounding a product’s provenance is as important as the quality of […]

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How to improve the adoption process of your P2P solution

By: Alexandra Pogacean| October 9, 2018

Organisations continually need to find ways to cut back and optimise their spend. Today nearly all businesses understand that adopting e-procurement software, along with converting to e-invoices, brings the most savings whilst simultaneously modernising the procurement department. So why is adoption still slow?   Challenges in e-procurement adoption Even though e-procurement brings numerous benefits to […]

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