Why Coupa?Watch Now
Coupa is a company of talkers, passionate about sharing tips, tricks and advice for improving finance and procurement and saving companies of all sizes time and money. But we’re not the only people with opinions and ideas. We’d love to hear from you so join the conversation!
- January 13, 2015
Hello 2015! It’s a new year, and you know what that means: overcrowded gyms, discarded Christmas trees lining the sidewalks, and of course, folks looking into their crystal balls to try to divine what the year ahead will bring. Last week, Coupa vice president of product development Darayush Mistry shared his thoughts on where procurement technology will head in the coming year.
Today we look beyond our four walls at what analysts and industry leaders have to say. One thing looks certain: With the economy looking up, 2015 promises good things for those tasked with powering business processes.
Hybrid cloud will go mainstream, and subscription models will gain even more traction say tech leaders. Also look for deeper ERP integration, as customers look to expand the value of their ERP system by having it interact in new areas. Mobile, open source, social and easier to use business intelligence round out the list.
Enterprise software spend will reach new peaks in 2015 as the US economy continues to rebound toward pre-recession heights. Forrester projects IT budgets to increase by 4 to 6 percent for 2015 – and the growth could be even better if oil prices stay low. Much of that spending will go toward enterprise process apps, and building big data capabilities.
– Procurement Leaders
How can the rising tide of freelance talent be harnessed to power improvements to procurement systems? PL’s David Rae argues that freelancers (read: millenials) can be ideal contributors to user experience, data analysis, and communication.
– Spend Matters
Spend Matters’ Pierre Mitchell parses IBM’s 2014 CPO Report, and though he takes issue with some of the methodology, there’s no doubt that common characteristics of CPOs at top-performing companies emerge. CPOs in this “Role Model” group prioritize innovation and embrace new opportunities at a higher rate than their underperforming peers. Hmm, seems like we’ve seen those themes discussed in these pages before. You can download the full report here.
Supply Chain Transparency: The Key Challenge In 2015? – Procurement Leaders
Events of 2014 made clear that transparency and integration throughout the purchasing, supply chain and P2P function are imperative, says Daniel Bell. As procurement continues the trend of automating business practices, embarrassing bookkeeping errors like Tesco’s gaffe this summer should be the next thing to go. The UK retail giant overstated their first-half profits by nearly $400 million by failing to anticipate supplier costs. E-Sourcing solutions can ensure that contract terms and built-in costs are transparent to all business stakeholders.