It’s been a long 2+ years with many global changes brought forth by the Covid pandemic. It’s not been all bad, with many organizations prioritizing investment in procurement digitization and ESG/GRC initiatives. If you are tasked with advancing your organization’s procurement and/or ESG practices through technology, how do you best go about finding the right procurement tech and vendor partners to reinvigorate 2022?
Attendees of this session will walk away with:
● Tips on how to best find the right technology despite continuing pandemic effects
● Insight into which vendors have raised their ESG-centric offerings effectively
● Procurement trends we are seeing in 2022
In response to the pandemic, organisations globally doubled down on technology investments. Seven in 10 boards of directors have accelerated their digital business initiatives in the wake of COVID-19 disruption. Procurement technology vendors have also continued to advance capabilities to enable their customers. With a rapidly evolving technology landscape, procurement functions must ensure they are taking advantage of the options available to them and seize the opportunity while it lasts.
This session will cover:
• The changing procurement technology landscape
• Where procurement functions are investing in 2022 and beyond
• What’s next once core technologies have been implemented
Organisations are increasingly seeking to implement technology to enable their procurement transformations. Recent research has found that only 29 percent of IT project implementations are successful, and 19 percent are considered utter failures.
Some of the key criteria for the implementation of a successful procurement technology include having clear understanding of the buying ‘operating model’ and how the technology will enable the business to achieve its business case objective. And adopting a continuous improvement mindset during the implementation and post-go live will help to support a high degree of ‘user adoption’ which is considered to be a significant measure of success.
Understand how to :
1. Define your procurement operating model to enable your desired business outcome
2. Adopt a continuous improvement approach and mindset
3. Utilise USER adoption is a key metric of success – are your users set up for success?
Like most office workers, how procurement work changed much during the Covid pandemic over the last 18 months – working from home has also accelerated our march towards the paperless office.
So – why do we still often insist on paper invoices? Should they not all be electronic too now?
Hear the ATO task-force explain all things e-invoicing, including all the PROS and CONS :
• What is e-invoicing exactly, how does it work in practice and what are the benefits?
• Find out how easy it is to;
o get started quickly
o and incorporate e-invoicing into all P2P systems to begin your e-invoicing journey
The new Payment Times Reporting Act 2020 (PTRA) became law on 1st January 2021 as part of the fiscal response to the Covid pandemic.
It places firm obligations on large organisations (over $100m REV) to better manage the way they pay small suppliers (SMEs under $10m REV) in a more supportive way – initially by reporting on how quickly (or slowly) they pay their small suppliers.
Yet, the new law comes with a raft of requirements with significant technical implications, including reconfiguring or reprogramming largescale P2P systems and cross-matching data with official government SME supplier lists. No easy task for most.
This session will quickly guide you through the DOs and DONTs of this issue and the technical implications within a P2P framework, which most large organisations are grappling with right now.
Opportunity to meet those solutions providers with whom you have not made scheduled appointments
In a similar way to how consumers advocate for change using their personal spending power, businesses can deploy their large-scale spending power to make a positive difference in the world. Indeed, one of the most rewarding opportunities for organisation’s stakeholders today is to act and manage their business spending to support their corporate ESG (environmental, social & governance issues) agenda through technology to truly make a difference.
The format of this session is a live demonstration of Coupa Software around several specific CASE STUDY scenarios relating to ESG – so you can see how technology, processes and people can interact in real-time to have an immediate impact on these ESG areas that are so clearly on the C-suite agenda today.
This unique opportunity will bring you true insights from our team with vast experience in P2P and spend management technology that supports your organisations policies and strategies.
Legislation, consumer and employee expectations are increasingly creating pressure on organizations to improve Environmental, Social, Governance (ESG) performance. Yet, while many organizations have announced initiatives, only a few have made meaningful progress. In this session, learn what the best are doing to not just benefit society, but also increase sales, improve employee retention and more.
•ESG priorities and progress of global businesses today
•The strategies of the most successful ESG programs
•What obstacles are holding organizations back — and how to avoid them
•Spend management technology innovations that can maximize the impact of your ESG initiatives
Many organisations seek to automate existing processes when digitally transforming. To get the most value out of any digital transformation you need to reimagine processes and operating models to truly release the value within. In this session listen to the Vodafone NZ transformation story, how they have adapted and adopted technology to reimagine procurement for their organisation
The combination of the Covid-19 pandemic, climate risks, the Ukraine-Russia conflict, inflationary pressures, and the need for more sustainable and environmentally vibrant practices have changed the mindset and approach required to be successful in the new normal. This session will touch upon the innovative tools and strategies that procurement and supply chain leaders are adopting, as part of their digitalization evolution, to address the above challenges and succeed.
On the Agenda:
• Key trends that are impacting supply chain and procurement in the new normal
• Strategies and approaches that supply chain and procurement leaders need to adopt for success
• The latest tools that are being embraced to address the current challenges and the new priorities
The global pandemic has exposed weaknesses across all supply chains. Demand for real-time data, particularly around tendering, pricing, stock availability and lead times is required to make fast and accurate sourcing and buying decisions.
Complex IT integration headaches often supress the ROI derived from procurement intelligence and automation, as there is no common framework that can bridge all customer/supplier relationships.
To date, there has been no universal way for customers and suppliers to independently connect, collaborate, trade and automate with each other.
The new SQUIZZ.com platform is an example of a new cloud based universal e-commerce system which works on the premise of ‘integrate once, connect and trade with everyone connected’.
Change Management has expanded beyond just the scope of supporting the implementation of Projects. Increasingly it is key to the success of strategy as well. This session recognises change as a constant in organisations and, therefore, how ‘Change Management’ tools can be used to provide strategic change leadership across the business – and more frequently driven from the supply-side.
Opportunity to meet those solutions providers with whom you have not made scheduled appointments
In this session, Moody’s Analytics will speak about how you can leverage diverse data content and integrate them together to gain better visibility across your supplier portfolio. This includes ESG data, non-financial data such as ownership, PEPs and sanctions, financial metrics such as expected default probability, cyber risk, adverse media and physical risk along the supply chain. By integrating these various data components, we’ll show you how best to utilize data and technology to derive greater insights and allow you to increase supply chain resilience and agility in the face of change.
