That’s the word from Next Level Purchasing Association after they conducted a vendor review of the Puridiom Enterprise Procure-to-Pay solution suite this past May. Reviewed by Charles Dominick, President & Chief Procurement Officer, NLPA and Greg Urhlen, Marketing Manager, the team declared the Puridiom procure-to-pay solution a “source-to-pay” system with a strong eProcurement component and basic sourcing capabilities. With a flexibility to integrate with any ERP or HR system, Puridiom sets themselves apart from many vendors (beyond the procurement realm) who are unable to offer such seamless integration. Although the reviewers did not give Puridiom high points for “aesthetic beauty” the numbered workflows available for most processes made the software easy to use, which factored high in the review. Puridiom is taking care of the aesthetics with its new 5.0 release. A slick new UI is included in the release with the workhorse solution that has delivered for all of these years. Look for the release in Q1 of 2015 and be sure to sign up for the Puridiom 5.0 preview scheduled for November 12th. To read the NLPA review, go to The Purchasing Certification Blog.
Lutheran High School of Orange County, the largest Private Lutheran High School in the United States, recently enrolled in the Puridiom Strategic Cost Management Program for Private Schools. This program specifically addresses the need for Private Schools to offset the cost increases that are driving up tuitions. Partners in the program include Office Depot using their extended web catalog product offering, and Key Travel, the largest travel agency in the world for non-profits.
Orange County Lutheran High School (OLHS) will use Puridiom Procure-to-Pay internet based software to allow school employees to easily search Office Depot goods and services along with other program vendors and submit requests to buy for departmental approval BEFORE the cost is incurred. All requests directly reference cost-center budgets. Consolidated electronic invoices automatically match to orders for streamlined electronic discounted payment. Included in the Office Depot service for each Private School is a custom web store where students, faculty and alumni can buy School Spirit clothing, items and uniforms, paying income to the school. Key Travel, because of its focus on non-profit travel, will offer OLHS special missionary fares that are much lower than they have been paying. Other partners to the Puridiom Private School program will soon offer textbooks.
“Private Schools this Fall across the U.S. are experiencing unexpected withdrawals and many are going into this new year with tuition income below plan,” says Dennis Toohey, Director of Puridiom Solutions. “Private School tuitions for many parents are simply causing them to have to send their kids to public school. Our Private School program can offset this lost revenue and in fact become a new income stream.”
A webinar featuring the school is scheduled later this year. Watch your email for announcements!
Puridiom has turned pink in support of Breast Cancer Awareness month! We have turned our homepage banner and Puridiom Man mascot pink to raise awareness of breast cancer and the research for a cure. At our offices, we dedicated Friday, October 17th as our official awareness day, with all staff dressing in pink. Even our offices in India and Peru joined in!
The Changing World of Procurement - A Recap of The Changing World of Procurement Webinar presented by Supply & Demand Chain Executive, September 10, 2014
The following is a Puridiom recap of The Changing World of Procurement webinar presented by Supply & Demand Chain Executive. The points covered during the roundtable discussion have been summarized in order of the questions asked. Although the panelists were from very different backgrounds within the Supply Chain, they all reiterated the importance of procurement automation, visibility, supplier collaboration and communications.
The Changing World of Procurement webinar began with this brief introduction: Over the next decade, the way procurement is executed has to change. Organizations must identify all of their business entities, buying habits, cost information, benchmarking and more to obtain more real-time data in a predictive form. Without it, there will be knowledge loss as experienced supply management professionals leave the business; customer loss; being viewed as a less favorable supplier, less financial investment from shareholders; reduced market share; and a non-sustainable business model.
What Keeps You Up at Night?
Organizations today are seeking control, visibility, automation, optimization, and compliance in their supply chain and procurement processes. What is keeping them up at night is trying to figure out the best way to accomplish these goals with the right tools and processes.
Not surprisingly, a large number of those polled were not satisfied with their procurement operation and that may be due to the reasons stated above. Panelists believed that organizations today are being challenged at an even higher level to deliver results to C-level management, so they are constantly seeking more ways to improve the efficiency of their procurement processes.
Where does Big Data fit within Procurement Today and in the Future?
Big data has become a major driver of business strategy and a major driver of performance reviews. The challenge is in capturing the right data and using it well. Best-in-class procurement organizations that have full visibility into their spend now have the ability to use this data better, making it better quality procurement data. With this data they can track spending trends more closely and in real time, helping them to become more responsive and successful. This data can also be fed to several other critical systems and used as the core to business intelligence.
We are also finding data being enriched by third-party data sources, such as news reports, or financial information that could potentially help with sourcing decisions or avert supply shortages. This type of data is becoming increasingly available from either other integrated networks (payment information, feedback, ratings, etc.) or through third-party solutions. For more information on Big Data, read article.
How do you manage and communicate with suppliers?
Supplier collaboration and how suppliers interact with organizations is of great concern to procurement professionals. The informal poll during the webinar indicated that the majority of participants communicate with supplier via email and the smallest number is using supplier portals or third parties to communicate with suppliers.
All panelists agreed that better and faster communication with suppliers is a must for procurement today and especially in the future. The benefits of automating the supplier connection and collaborating with your suppliers far outweigh any initial difficulties of onboarding suppliers. Supplier portals increase efficiencies and communications, drive visibility and improve supplier collaboration. Other benefits to automating this process include enhanced decision-making based on having faster, more up-to-date information, as well as more accuracy, better document management, and more time to build real supplier relationships.
With more and more people “on-the-go”, out of the office, traveling, in meetings, commuting… basically not at their desks, the demand to use mobile devices in the workplace and have a convenient way to facilitate one’s procurement activity will naturally increase. The webinar poll seems to reflect this trend. As more companies embrace BYOD policies and IT departments mandate the use of mobile devices for their employees, we will see an increase in usage. Technology in turn is now being required to be available on all types of devices – mobile friendly and adjustable to screen size. We are also seeing the need for mobile tools that can run off-line and have the capability to sync up with systems when a connection is available. This is becoming a priority for organizations that have remote locations, such as oil fields, or construction sites.
As we see the importance of procurement data grow, the need for the most up-to-date information will become more important reinforcing the need for on-the-go mobility in the workplace. Find out more about Puridiom Mobile.
All panelists were in agreement that the day of the manual spreadsheet to manage procurement is disappearing and those that are still using this method will be left behind. Automation is the answer for procurement departments and there is plenty of data and research to back this up (Gartner, Forrester, etc.) Automated procurement processes and implementing best practices will streamline procurement operations, increase efficiencies, decrease inaccuracies, provide visibility and gain cost control of an organization.
The bigger problem for organizations today is not deciding to automate, it is deciding how to automate and with what tools. Panelists agree that a well-thought out plan and good communication with all involved in the procurement process and any branches of that process is mandatory.
Corporate Buying Experience
Another aspect of procurement that is changing is the actual buying experience. As we, as consumers, buy more and more online, we have become accustomed to the user-friendly “amazon-like” experience. This experience is translating directly into the business environment. Buyers in the corporate world are demanding easy interactions with the buying tools and a new “consumerism” is emerging. Technology is adapting by bringing shopping cart experiences to the corporate buyer and allowing social media input and other third-party data feeds to influence the buying decision.
Another way buying behavior is changing is the emergence of “project-based” procurements, in which buyers are collaborating with suppliers, and sourcing to buy for a particular project, rather than buying “one-offs.” The type of purchasing is leading to better controlling of costs and better supplier relationships.
As all panelists have agreed, and we hope you have also, the need for automation of procurement to gain visibility and control of cost for an organization is today and in the future, a necessity. But for many organizations it is difficult to get the C-level buy-in necessary to get the tools needed for this type of transformation project. Panelists agreed that corporate management must be presented a cost-savings plan that includes the viewpoints of all offices of the C-level and how they and the organization as a whole can benefit. Communication to all involved in the process is vital to the success of this type of project. Choose a technology that will meet the needs of your organization today and in the future, and that can help implement best practices, as well.
The Changing World of Procurement webinar was broadcast on September 10, 2014. View now on-demand.
Over the past several decades, we have seen the role of procurement change tremendously, moving from a back room function to a strategic role at the corporate decision-making level. There are many factors to account for this change – technology, internet, communication, and recognition of the importance of the role of the procurement function. Today, procurement’s role and how it is viewed within an organization is constantly and continually evolving.
What will it look like in 10 years? How will the use of mobile devices within the workplace affect how we buy, or how we manage suppliers? How will social media affect the decision-making processes, and how is/will technology change to accommodate the way procurement departments function? The amount of data being gathered and generated by ERP, accounting, and procurement systems is huge. How will the availability and analyzation of data affect procurement?
These and many other questions are just some of the possible topics of the September 10 webinar, The Changing World of Procurement. Join Al Jacobs, Puridiom VP & COO and 3 others as they discuss their perspective on procurement today and in the future.
What is a MVP? MVP is an abbreviation for Most Valuable Player: the man or woman judged to be the outstanding player in a sport during a particular season or championship, according to dictionary.com. So it follows that a procurement MVP is the man/woman judged to be the outstanding procurement professional, and to simplify, we’ll take the season and championship out of the equation and substitute department. In other words: A Procurement MVP is the man/woman judged to be the outstanding procurement professional within their department.
How do you become an MVP? Efficiency? Competency? Experience? Education? Well, we’ll leave that up to you to decide. The point of this article is to share with you an upcoming conference that can help you become the MVP of your office. And in a way that we think is fun and educational. The Next Level Purchasing Association is conducting its second annual conference, 2014 NLPA Conference, Where Procurement MVPs Are Made, focusing on helping you become a better procurement professional. Complete with relevant workshops, topical general sessions, and interesting keynote speakers, the conference promises to educate, as well as entertain.
Set to a baseball theme, complete with a backdrop of the beautiful Three Rivers Stadium (sorry, born a Pittsburgher, I’m partial), the conference sets you up for the first pitch and takes you through all the bases. Attendees can earn up to 16.5 CEHs towards certifications.
Why are we promoting this conference? We believe in education and are proud to sponsor this event. If you register as our guest, using our promo code, you can save 10% on the registration cost. We look forward to seeing you in Pittsburgh and seeing you transform into a Procurement MVP!
Puridiom Procure-to-Pay Solution is Solid where it counts according to to Next Level Purchasing Association in a recent vendor review. The system was viewed as a “source-to-pay” system with a strong eProcurement component and basic sourcing capabilities.
July 24, 2014 - Puridiom Procure-to-Pay Solution is solid where it counts according to Next Level Purchasing Association in a recent vendor review. The system was viewed as a “source-to-pay” system with a strong eProcurement component and basic sourcing capabilities.
Next Level Purchasing Association, a resource for procurement professionals, from entry-level buyers to executive-level practitioners, has been conducting vendor reviews over the past few months for its members. Puridiom is one of several vendor reviews posted on The Purchasing Certification Blog.
“Puridiom is an out-of-the box workhorse, designed to help procurement departments get the job done,” says Dennis Toohey, Director of Solutions. “Our step-by-step workflow ensures compliance to procurement policies and our integration expertise and the use of a real-time single data source offers seamless integration to any ERP or HR system.”
Puridiom has been in the procurement business for over 30 years and has transformed many procurement departments. The breadth of the Puridiom solution supports any spend category, ensuring that every good or service that is being requested and acquired in the system is track-able, traceable and reportable in a variety of different ways for everyone within the organization (with the appropriate permissions) from the requester, to the buyer, to AP and to management. These high levels of visibility, intervention and control based on these analytics, according to Toohey, are a major difference between Puridiom and other spend management systems.
To find out more about Puridiom, Puridiom solutions and services, go the Puridiom website.
Puridiom, a recognized Procure-to-Pay leader in the Supply Chain, offers innovative procurement solutions, industry-specific strategies, and best practice expertise to achieve best-in-class results. For over 30 years, Puridiom has successfully transformed procurement and accounts payable operations and delivered real savings, control, compliance, and accountability to spend activity. Puridiom serves global organizations within diverse industries, including energy, insurance, financial, entertainment, government, healthcare, and non-profit. Solutions and services include stand-alone modules, a comprehensive procure-to-pay suite, cloud / SaaS and on-premise deployment platforms, and business process outsourcing options. Discover real savings and learn more at http://www.puridiom.com.
About Next Level Purchasing Association
Next Level Purchasing Association is the most sought out resource for procurement professionals; from entry-level buyers to executive-level practitioners. As a global organization founded in 2000, Next Level Purchasing has helped clients in over 150 countries throughout the world to establish and utilize procurement best practices leading to the achievement of better results than ever before.
Today the White House announced a new initiative to assist small business owners – one that essentially depends on participation of big business. The initiative, available here, is asking that big businesses pay small suppliers earlier so that they do not have to extend their credit to stay in business. Many of the big names are signing on – Apple, Coca-Cola, AT&T, IBM, Fedex, Johnson & Johnson are on the list so far. It is a win-win for them – they have the capital and the PR doesn’t hurt.
The intentions of this act are great – faster payment is good for suppliers. But what is really needed is for the banking system to allow small businesses access to financial capital in the form of credit lines so they can do business and become self-reliant, rather than depending on big businesses for assistance.
To its credit, the initiative does advocate big businesses enabling a financing solution to help small suppliers access working capital at a lower cost, but it will be interesting to see how and if this type of assistance will be administered.
What do you think?
Puridiom, a leading Procure-to-Pay provider, has once again been recognized as a Top 100 company contributing to the “100 Great Supply Chain Projects,” by Supply & Demand Chain Executive Magazine. Inclusion in this year’s “100″ list recognizes Puridiom leadership as a solution and service provider in assisting the Supply Chain function and supply chain executives move toward supply chain excellence.
May 21, 2014 – Puridiom, a leading Procure-to-Pay solutions provider, has once again been recognized as a Top 100 company contributing to the “100 Great Supply Chain Projects,” by Supply & Demand Chain Executive Magazine. Inclusion in this year’s “100″ list recognizes Puridiom leadership as a solution and service provider in assisting the Supply Chain function and supply chain executives move toward supply chain excellence.
The 2014 Supply & Demand Chain Executive 100 are supply chain solution and service providers that are helping their customers and clients achieve supply chain excellence. They have produced measurable gains in ROI through cost-cutting and increased efficiency, whether in warehouse, transportation, procurement sourcing or any other category in the end-to-end supply chain.
“Our goal with this year’s “100″ is to put the spotlight on successful and innovative transformation projects that are delivering bottom-line value to small, medium and large enterprises across the different functions that comprise the supply chain,” says Supply & Demand Chain Executive Editor Barry Hochfelder. “The projects featured can serve as a roadmap for supply chain executives looking for new opportunities to drive improvement in their own operations.”
“Each project we take on is a unique opportunity to help an organization recognize ways to achieve savings,” says Jesus Ramos, co-founder and CEO of Puridiom. “By providing the right tools and technology, best procurement practices, and support, an organization can achieve their specific goals, and more often than not, beyond expectations.”
Puridiom will be featured along with other award recipients in the June 2014 issue of Supply & Demand Chain Executive, as well as online. To find out more about how Puridiom enables its clients with powerful savings and spend visibility tools, read more here.
Puridiom, a recognized leader in the Supply Chain, offers innovative technology solutions, industry-specific strategies, and best practice expertise to achieve best-in-class results. For over 30 years, Puridiom has successfully transformed procurement and accounts payable operations and delivered real savings, control, compliance, and accountability to spend activity. Puridiom serves many global organizations within diverse industries, including energy, insurance, financial, entertainment, government, healthcare, and non-profit. Solutions and services include stand-alone modules, a comprehensive procure-to-pay suite, cloud/SaaS and on-premise deployment platforms, and business process outsourcing options. Discover real savings and learn more at the Puridiom website.
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the executive’s user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. On the Web.
Last week we returned home from the 99th International Supply Management Conference held in Las Vegas, Nevada. As always, it was a great opportunity for us to network with our customers, peers, and introduce ourselves to newcomers. This year, in addition to requests for information about procure-to-pay solutions and best practices, we were asked a lot about integration. With many organizations having (expensive) ERP systems already in place, is it possible to get a procurement piece, AP, inventory, etc.? The answer is a resounding yes! Puridiom integrates with almost any system. With 31 years of working with systems in just about every industry, we have probably seen it all. But if you would like to challenge us, we would be happy to hear from you!
In addition to activity in the exhibit hall, the conference was full of great sessions and keynote speakers. Check out the ISM 2014 blog for a recap.
Next year will be the 100th year for ISM and we are anticipating a great event in Phoenix. Our booth is already reserved and we hope to see you there!