6 Tips for Getting the Most out of Iasta reSource 2014

Iasta reSource 2014 in Indianapolis is less than 43 days away. If you’ve never been to Iasta’s user conference (or any conference for that matter), I’m sure you have a handful of questions. What sessions do I attend? Who will I meet? What will I do? How can I get the most out of this event? Attending any type of conference for the first time can be overwhelming (and no doubt exciting). So, to lower your stress levels, here are … More

Top 3 Reasons Procurement Teams Seek New Software Solutions (Part Two)

In my last post, I shared an observation about how cost savings is no longer the sole metric of success for procurement teams.  I also revealed that savings is no longer among the top 3 reasons that procurement teams choose to purchase new upstream procurement software solutions.  Cost savings has been drifting down in the list, holding the #3 spot in 2012 and 2013. Now, in 2014, cost savings has fallen to 4th place. Why the change? Well, to start, … More

4 Ways to Avoid a Horrible Software Implementation

Anyone who has undergone multiple enterprise software implementations can probably tell horror stories about failed deployments. Some software implementations end up taking months, or even years, longer than planned.  Other implementations never even get off the ground because there was not a plan around how to properly implement the new software after purchase. Furthermore, if your software users are poorly trained or face usability difficulties, your software implementation efforts will end up being a waste of both time and money. … More

The Power of Spend Analytics

Here at Iasta, we like to have fun when presenting webinars with our clients and industry analysts, and our webinar with Brunswick, Equifax, and Spend Matters was no exception. The speakers agreed to quite a unique theme, tying together The Lord of the Rings and Spend Analysis. There is no denying that this Lord of the Rings-themed webinar made for some good laughs, but we still kept the message simple and clear: although spend analysis often seems like a daunting … More

Top 3 Reasons Procurement Teams Seek New Software Solutions

Guiding procurement teams to the best solutions and most effective implementations of these solutions involves engaging with them at a level much deeper than features, functionality, and price. We establish relationships and learn about their challenges, the underlying reasons they are looking for a new solution, and their short and long term goals for their team. In the end, we firmly believe that Iasta’s success is measured by our ability to solve problems and achieve goals for each client individually. … More

“The Power of Positive Thinking” for Procurement – Part 2 of 3

If you are just joining this series of posts on “The Power of Positive Thinking” for Procurement, you can read Part 1 here. We started with a look at the need for procurement professionals to make a change from within in order to get a different external result. In this post, we will focus on rule five in Norman Vincent Peale’s “ten rules for taking the hard way out of your job” from the international bestseller The Power of Positive … More

45 Reasons to Attend reSource ‘14 Indianapolis

Still deciding whether or not you want to attend reSource 2014 in Indianapolis? The benefits of attending this two day conference and additional training day are endless! Below are just a few of the reasons you don’t want to miss this amazing event. Training Day Learn how to create thoroughly awesome RFPs utilizing different question types and scoring criteria. Learn about different lotting strategies when setting up your Live Event. Learn how and when to utilize Excel Bidding and best … More

4 Questions You Must Ask to Make Sense of Your Procurement Data

From web browsers and social media to contracts and purchase orders, the amount of available data in the procurement industry is never-ending. All of this data presents awesome opportunities to learn more about your suppliers, decrease risk, and ultimately save your company money. However, knowing how to leverage this data presents a whole new set of challenges. With so much information at your fingertips, it is easy to get caught up in all of the excitement and collect useless data. … More

Contract Management in a New Context: It’s About Centralizing Compliance, Governance, and Risk (Part 3)

Creating an enterprise approach to CLM is essential in today’s procurement world, as procurement and other departments are increasingly being audited on their organizational processes and data approaches.  This is paralleled with the efforts of center-led / center-of-excellence approaches being established by world-class procurement enterprises, something we are seeing more and more within our client base. Using an enterprise approach for CLM therefore only makes sense for organizations taking this approach. In fact, the consolidation of CLM into one tool … More

Contract Management in a New Context: Blind Men, Elephants, and Visibility (Part 2)

Today, organizations have many choices when selecting a Contract Lifecycle Management (CLM) solution.  Some solutions may come from a content management provider as part of a wider usage of sharing content.  Others may come from ERP systems, who argue that you’re simply leveraging just another module within your ERP.  Someone focused on these two options may be considering CLM as just an add-on functionality or an afterthought to using one provider. Still, other CLM options come from specific functions, like … More

Contract Management in a New Context: Going Outside Your Silo (Part 1)

Without Contract Lifecycle Management (CLM) in the modern business world, a list of things can go wrong, including missed savings, heavy fines, costly litigation, and broken relationships. However, what truly defines CLM will always be a matter of perspective. Generally speaking, CLM is the ability to manage against contracts to ensure that contractual obligations are being met.  This starts with the coming together of two parties that agree on the context of a business relationship.   CLM, contract award, compliance, and … More

3 Drivers for Procurement Automation Success

What is driving procurement automation success today, and how can procurement teams plan for the best possible outcome in their source-to-pay transformation? On May 29th, Iasta joined Verian in a webinar titled “Top Drivers in Source-to-Pay Transformation: 3 Keys to Quicker Time to Value.” In only an hour’s time, the panelists covered a number of diverse topics such as: The definition of the source-to-pay cycle The goals of procurement automation ERP vs. best-of-breed vendors Source-to-pay metrics that matter Today, I … More

Who is Determining Your Priorities?

Evaluating the market is the initial key phase to any software implementation. Each organization has its own specific functional and cultural needs and priorities to consider. Key considerations should expand beyond functionality to include cultural fit, alignment with your organizational structure, and your procurement maturity level. The alignment with your specific needs in these areas should remain a basis for decision-making throughout the entire process. Below are three key points to consider during your evaluation process: Where to start? It’s … More

“The Power of Positive Thinking” for Procurement – Part 1 of 3

Since it was first published in 1952, The Power of Positive Thinking by Norman Vincent Peale has become an international bestseller, selling over 7 million copies in 15 different languages. Inspirational quotes from Peale are often found on calendars, greeting cards, and bookmarks, but it would be a mistake to dismiss them as platitudes. His philosophy applies to our professional as well as our personal lives. Peale emphasizes the need to find a balance between enjoying our work and having … More

10 Years – 10 Memories: An Iasta Memoir by Marie Bauer (Part 2)

Thanks for coming back! In case you missed my first five memories at Iasta, check them out here. Below are five other memories that top the charts in my Iasta career to date: 6. Habitat for Humanity – Iasta employees formed an amazing Outreach Committee, which is dedicated to finding charitable events and donation opportunities in which employees can participate. Habitat for Humanity was one of our first large community service activities organized for the company. It was a memorable … More