Corcentric Podcasts
All across the globe, businesses are looking for ways to achieve operational excellence. In this podcast series, we’ll address the growing challenges for today’s businesses when it comes to mitigating risk, increasing agility, and improving working capital. You’ll hear from industry experts on how to explore, select, and leverage Source-to-Pay and Order-to-Cash technology to enhance your digital transformation.
Episodes
Hosted By Kelly Barner of Buyers Meeting Point.
Corcentric Conversations | Digital Payments: The Best Thing Since Sliced Bread!
Discover why finance leaders are prioritizing digital payments and how digitization is helping companies maintain a healthier balance sheet.
Hosted By Kelly Barner of Buyers Meeting Point.
You’ve got the basics down of what holistic cash forecasting is, so what’s next? It’s time to dig a little deeper into the report conducted by Forrester Consulting and commissioned by Corcentric, which evaluated the desire of finance leaders to enable a complete real-time view of their cash conversion cycle.
In part two of Corcentric Conversations: Holistic Cash Forecasting 101, Corce...
Hosted By Kelly Barner of Buyers Meeting Point.
Most organizations don’t have a clear picture of their cash position and are missing out on transforming benefits, like better decision making and increased agility. Fortunately, the barriers to cash-flow optimization are possible to overcome.
In part one of Corcentric Conversations: Holistic Cash Forecasting 101, Corcentric’s Fritz Smith explains the basics of true holistic cash fo...
Hosted By Kelly Barner of Buyers Meeting Point.
As the saying goes, “If you cannot measure it, you cannot improve it.” Which brings us to the last leg of a procurement transformation process: tracking its performance.
In this final episode of Corcentric Conversations: Mastering Procurement Transformation, Corcentric’s Joe Payne and Jennifer Ulrich delve into the types of metrics that can be used to measure the success of the implem...
Hosted By Kelly Barner of Buyers Meeting Point.
The time has come to see what your strategy for a procurement transformation is made of. As with the implementation of anything new, hurdles are to be expected.
In this episode of Corcentric Conversations: Mastering Procurement Transformation, Corcentric’s Joe Payne and Jennifer Ulrich share some valuable advice on how to carry out the transformation, as well as common challenges you m...
Hosted By Kelly Barner of Buyers Meeting Point.
Think about a road trip: it’s a lot easier to reach your destination when you have a map showing you how to get there. This same concept applies to procurement transformation. When you’ve mapped out the problems and how to solve them, the chances of getting lost in your journey to procurement success lessen.
In this third episode of Corcentric Conversations: Mastering Procurement Trans...
Hosted By Kelly Barner of Buyers Meeting Point.
So, you’ve got finance and procurement working as a team, now what? The next step in your journey to procurement transformation is to assess the current state of the function – its people, processes, and technology.
In this episode of Corcentric Conversations: Mastering Procurement Transformation, Corcentric’s Joe Payne and Jennifer Ulrich break down the pillars of procurement, whether...
Hosted By Kelly Barner of Buyers Meeting Point.
The need for change is constant, something the procurement function is no stranger to. While preparing for a major shift in the role of procurement is no easy task; if done correctly, procurement transformation can improve working capital and fuel growth.
In this first installment of Corcentric Conversations: Mastering Procurement Transformation, Corcentric’s Joe Payne and Jennifer Ulr...
Hosted By Kelly Barner of Buyers Meeting Point.
The disruptions of the last year have made a strong, independent business case for procurement teams and professionals to become more agile. The fact that each organization is in a different place on their maturity journey, however, means that agility can take different forms and require different skillsets. Each procurement organization will have to define what agility means in the ...
Hosted By Kelly Barner of Buyers Meeting Point.
All projects have two sides: the technical side and the ‘people’ side. Both need to be actively managed for the project to be a success. The more people that will need to use a system in order to realize the intended ROI, the more investment the implementation project team needs to make in change management. It is critical to stress that focusing on compliance alone will not necessari...
Hosted By Kelly Barner of Buyers Meeting Point.
Given the complexities all companies have faced in 2020, there are two common goals that, while simple, are top of mind regardless of industry or size: 1. To have cash flow, and 2. to have predictable cash flow. Fortunately, an improved order-to-cash (O2C) cycle can address both by improving alignment with contracts and remaining compliant with payment terms. In this episode of Corcen...
Hosted By Kelly Barner of Buyers Meeting Point.
Supplier diversity initiatives represent a prime opportunity for procurement to act upon many of the strategies most important to beyond-savings value creation: collaborating with stakeholders, innovating with the supply base, securing the buy-in of the executive team. Rather than being a secondary priority in the aftermath of pandemic-related supply chain disruptions, supplier divers...
Hosted By Kelly Barner of Buyers Meeting Point.
Leading companies know the value proposition of a well-run, digitally-enabled procurement function. Strategic procurement delivers savings, risk mitigation, supplier innovation, and spend visibility. That said, there is more than one kind of company looking to benefit from mature procurement and accounts payable. For that reason, Corcentric has recently announced the launch of a Globa...
Hosted By Kelly Barner of Buyers Meeting Point.
eInvoicing might have been thought of as a ‘nice to have’ element of procurement technology – that is until the whole world was suddenly working from home, virtually overnight. Now, companies that did not transform their invoicing processes to get away from paper are struggling, and those that had already done so are reaping the digital rewards. In this episode of Corcentric Conversat...
Hosted By Kelly Barner of Buyers Meeting Point.
Spend analysis is probably the closest thing procurement has to ‘an oldie but a goodie.’ It has been the basis of our sourcing and spend management activities for as long as most of us can remember. But can a historical record of purchase transactions provide the basis for strategic procurement in the age of digital transformation, automation, and real-time insights? In this episode o...
Hosted By Kelly Barner of Buyers Meeting Point.
Digitization has been a high priority for procurement for years, although not for the reasons we need it today. The challenges associated with supporting and managing a remote workforce have dominated the headlines in recent weeks as companies and employees adjust to working from home in response to the COVID-19 pandemic. In this episode of Corcentric Conversations, Dan Andrew, Senio...
Hosted By Kelly Barner of Buyers Meeting Point.
In the early 1980’s Peter Kraljic proposed his two-by-two matrix as a way of informing the B2B negotiating process. Back then, procurement nearly always approached supplier decisions with a three-bids-and-a-buy process and formulaic negotiating tactics. At the time, it worked because most companies were operating in relatively stable conditions. But does the Kraljic matrix still work...
In order to efficiently manage payables, you need to streamline the entire process that make payments possible, like invoice processing and approval workflow. Yet roadblocks persist. Matt Clark, president and COO of Corcentric tells Karen Webster how the understanding of efficiency gains and a competitive advantage makes many CFOs reassess their resistance to change and welcome a holistic digital transformation of their source-to-...
Transitioning to ePayables answers two main pain points for AP: fraud and manual reconciliation. Yet neither buyers nor suppliers feel enough pain to eliminate their dependence on payments via paper checks. Matt Clark, president and COO of Corcentric tells Karen Webster how the re-emergence of platforms in the B2B space may reveal a coming change in attitude.
Accounts payable (AP) processes are anything but efficient, mired in paper and manual labor. Waiting for the fax machine to break is no spur of change, either. However, as Matt Clark, president and COO of Corcentric tells Karen Webster, focusing on people, process and, of course, automation can soothe AP pain points.
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