Afternoon Coffee: Winners of DPW's start-up DEMO21 announced; Register for IBM-Spend Matters webinar spendmatters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spendmatters.com Daily Mail and Mail on Sunday newspapers.
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Aside from all of the buzz and the pseudonyms and the studies, does supplier relationship management (SRM) as a business discipline really matter? Why does it matter to the supply chain, or the supplier, or the buyer? Why does it matter right now?
Surely in terms of value generation for the supplier, for the buyer, for procurement what matters is innovation, sustainability, digital transformation, resilience, agility, product and service continuity, and cost reduction.
In this series, part of our set of “Unconventional Wisdom” posts, we’ll be mining the heads of Spend Matters Chief Research Analyst, Pierre Mitchell, and our new Senior Analyst for Supplier Management and Sourcing, Bertrand Maltaverne, for their thoughts on why the day has come to take SRM more seriously than ever before, for all parties concerned.
Afternoon Coffee: Amazon suppliers; Accenture study; etc. spendmatters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spendmatters.com Daily Mail and Mail on Sunday newspapers.
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Airbase, a spend management platform for small to mid-size companies, announced a $60 million round of funding led by Menlo Ventures. It brings the company’s valuation to $600 million, according to a press release announcing the investment.
Airbase said the fresh capital will be used to drive product improvements and innovation to define the category, transform how companies spend money and elevate the role of employees to focus on value-added work. The Airbase solution combines accounts payable automation, software-enabled corporate cards and employee expense reimbursements.
A TechCrunch article said Airbase CEO Thejo Kote sees the spend management market segmenting along target customer scale. Airbase has focused on the mid-market.