article thumbnail

6 best practices for better vendor management

CIO

And how well an IT leader deals with and orchestrates vendor relationships can mean the difference between a well-organized and efficient IT operation and a mess that costs an organization millions of dollars without delivering positive results. Here are several key tips for making the most of vendor relationships.

article thumbnail

Candex lands $45M infusion to grow its procurement management business

TechCrunch

Candex, a startup that aims to simplify procurement — specifically vendor management and payment processes — for businesses, today announced that it raised $45 million in a Series B investment led by Goldman Sachs with participation from WiL (World Innovation Lab), Altos, NFX, Craft, JP Morgan, American Express and Edenred.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

10 best practices when partnering for strategic skills

CIO

Collaboration with external partners allows enterprises to enhance their IT prowess, drive innovation, and bridge skill gaps more effectively amid a swiftly evolving digital landscape,” says Arpita Dwivedi, practice director at Everest Group. Double down on vendor management. Staff augmentation and outsourcing are nothing new.

article thumbnail

Workday to acquire external workforce management startup VNDLY for $510M

TechCrunch

“VNDLY is at the forefront of the vendor management industry with an innovative and intuitive approach. Folding that capability into the Workday platform expands their capabilities with an offering that customers will need in the future.

article thumbnail

13 essential skills for accelerating digital transformation

CIO

Technical skills topped the list but also crucial are key leadership and culture capabilities such as change management, strategy building, and business relationship management, as well as critical business skills such as cost, product, and vendor management, as shown in the graphic below. It’s large-scale thinking.”

article thumbnail

How Accenture’s solution erases the blind spots of services spend management

CIO

As it faced its latest challenge, Accenture chose SAP Fieldglass , a vendor management system for services procurement and external workforce organization, to provide reporting and analytics. Users report 99% greater accuracy, as well as 7% error reduction per 10,000 SOWs.

article thumbnail

JLR revs up AI and intelligent automation initiatives

CIO

Artificial Intelligence, Automotive Industry, Chief Data Officer, CIO, Data Management, Emerging Technology, Generative AI, Innovation, IT Leadership, Vendor Management It’s an incredible proposition for any tech professional.”