Agiloft Ranked Value and Customer Leader in Spend Matters Spring 2021 SolutionMap for Contract Lifecycle Management
For the sixth consecutive SolutionMap report, Agiloft s no-code CLM platform receives top ratings by industry analyst firm.
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REDWOOD CITY, Calif., May 5, 2021 /PRNewswire/ Agiloft, the global standard in no-code contract lifecycle management (CLM), today announced it has once again been named a Value and Customer Leader by industry analyst firm Spend Matters in its Spring 2021 SolutionMap for Contract Lifecycle Management (CLM).
SolutionMap s powerful and fully transparent comparison methodology, based equally on technology analysis and customer scoring, makes Spend Matters a uniquely well-rounded benchmark for procurement and supply chain professionals across a wide range of industries. For its Spring 2021 release, the semi-annual SolutionMap evaluated 75 procurement software vendors across 13 categories,
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Despite popular belief, or what people might think, the Covid pandemic was not the biggest source of disruption for supply chains in 2020, according to the latest Annual Supply Chain Risk Report released this week by supply chain data monitoring, mitigation and risk analytics solutions provider Resilinc.
Man-made events dominated disruption in 2020, accounting for 83% of disruptions. The two greatest disruptors of supply last year were factory fires, and mergers and acquisitions.
Factory fires were up 67% year-over-year (YoY). Naturally some fires are more destructive than others. One fire at a Nittobo plant in Japan disrupted supplies of fiberglass, which caused delays for manufacturers of high-end servers, networking chips and CPUs.
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Next month, on Thursday May 13, Spend Matters will host a webinar (more information here) with multinational professional services organization Deloitte and global business spend management solutions provider Coupa on three critical issues that procurement leaders are grappling with right now:
Value generation and improved supply chain resiliency in the face of unheralded complexity
Improving process agility to stay tightly aligned with stakeholders and suppliers
Leveraging next-generation operating models and platforms that harness talent and intelligence
You are probably wondering how we arrived at this shortlist out of the so many concerns that businesses face during this year of more unknowns and uncertainties.
Spend Matters and CIPS
Offense and defense aren’t just terms relevant to sports. Business organizations are also looking for strong offense and defense in their supply chains, according to Gary S. Lynch, the CEO and Founder of The Risk Project.
Although this type of offense and defense is related to cost and value rather than a baseball situation, like the number of runners on base. This shift in mindset is one example of the ways organizations have placed a higher priority on supply chain risk management in the last year or so, Lynch said.
Last week, Lynch was a guest on Spend Friends, a monthly video podcast hosted by Bill Michels, the VP of Operations Americas at the Chartered Institute of Procurement and Supply (CIPS) USA, and Pierre Mitchell, Spend Matters’ Chief Research Officer. Its goal is to focus on all procurement matters under the sun, like spend management, supply chains and other topics.
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Routable, a B2B payments solution provider, secured a $30 million round of funding from a slew of high-profile investors, according to the website TechCrunch.
This latest round of funding comes eight months after its last $12 million round. Routable aims to automate bill payment and invoicing processes so businesses can scale core product offerings without worrying about payments. Since its August 2020 investment, the company has seen its revenue grow by 380% and tripled its new monthly customers, TechCrunch reported.
Unlike most investments, Routable’s round of funding didn’t come from a bunch of venture capital firms. Rather, two brothers led the round Sam Altman, CEO of OpenAI, and Jack Altman, CEO of Lattice. Flexport also participated, in addition to some angel investors like the founders of Instacart, Airbnb, Salesforce and more.