SupplierPay Initiative

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?

Key

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.

About Puridiom 
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.

Puridiom procure-to-pay at ISM 2014

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!

 

Power up your Procurement

Puridiom invites you to join us at the 99th Annual International Supply Management Conference in Las Vegas, NV on May 5 – 8, 2014.  We are hosting The Puridiom Power Station on the Exhibit floor at Booth #623.  Some of the many reasons to stop by:

  • Charge up your mobile devices at the Puridiom Power Station
  • Find our more about Puridiom Mobile©
  • Get a sneak peak at Puridiom 5.0
  • Find out more ways to Power up your Procurement
  • Get your Passport stamped – yes we are one of your Passport stops!
  • Enter to win a Mophie® portable powerstation to keep you charged even on the go

Have specific questions for us?  Set up a time to speak with us here.  We’ll be happy to sit down and speak to you.

Not able to join us in at the conference? Follow us on Twitter® @PuridiomPros or type in  #PowerUpPuridiom  or #ISM2014 and we will keep you updated on events as they happen.  We will be recapping the day’s activities on this blog.

 

press release image

Puridiom, a leading Procure-to-pay solution provider, is showing organizations how to power-up their procurement game at this year’s 99th Annual International Supply Management Conference, held in Las Vegas, May 5 – 7, 2014. As an ISM sponsor, Puridiom supports the mission of the ISM organization lead the supply management profession through its standards of excellence, research, promotional activities, and education.

May 1, 2014 – Puridiom, a leading procure-to-pay solution provider, is showing organizations how to power-up their procurement game at this year’s 99th Annual International Supply Management Conference, held in Las Vegas, May 5 – 7, 2014. As an ISM sponsor, Puridiom supports the mission of the ISM organization lead the supply management profession through its standards of excellence, research, promotional activities, and education.

At the conference, Puridiom will show attendees how to boost efficiencies and energize their procurement processes through technology and best practice policies. The exhibit booth will feature a “power station” where attendees can charge their mobile devices while learning about the power of the Puridiom procurement solution. “Puridiom provides self-service procurement tools designed to enable procurement departments to work more efficiently and effectively,” says Al Jacobs, Puridiom’s VP and COO. “The Puridiom solution sparks new cost savings and transforms the procure-to-pay process for the organization.”

In keeping with the “power-up” theme, Puridiom will be giving away 2 Mophie® powerstations, portable charging devices capable of quickly charging virtually any USB device, including the iPad and other tablets. Stop by Puridiom Booth #623 and enter to win, as well as learn more about powering up the procurement process.

Follow Puridiom on Twitter during the conference at #PowerUpPuridiom or #ISM2014.

About Puridiom 
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 Puridiom.

About ISM 
Institute for Supply ManagementTM (ISM) is the first supply management institute in the world. Founded in 1915, ISM’s mission is to enhance the value and performance of procurement and supply chain management practitioners and their organizations worldwide. By executing and extending its mission through education, research, standards of excellence and information dissemination — including the renowned monthly ISM Report On Business® — ISM maintains a strong global influence among individuals and organizations. ISM is a not-for-profit educational association that serves professionals with an interest in supply management who live and work in more than 80 countries. ISM offers the Certified Professional in Supply Management®

Tip Tuesday: Compatibility Mode

What's New? | Tuesday, March 18th, 2014

banner

If you are having trouble using Puridiom software, make sure that your are in compatibility mode on Internet Explorer.

To add a site to the Compatibility View List follow the steps below:

  1. Open the desktop, and then tap or click the Internet Explorer icon on the taskbar.
  2. Tap or click the Tools button, and then tap or click Compatibility View Settings.
  3. Under Add this website, enter the URL if the site you want to add to the list, and then tap or click Add.

To activate Internet Explorer 10 Compatibility View *

  1. On the Start Screen click the Internet Explorer, IE, desktop site.
  2. From the desktop view locate the IE icon on the taskbar and click it.
  3. Once IE opens, in the address bar enter the URL of the site where you are experiencing issues.
  4. Press Enter.
  5. Press the F12 key on the keyboard.
  6. At the top of the F12 panel, select Browser Mode IE 10.
  7. Select Internet Explorer 10 Compatibility View.
  8. Close the F12 panel by pressing the F12 key.

*Can only be used in the desktop version, not in the mobile version.

PhotoShare(42)

If you have any questions, please ask below or by contacting us.

Do you have a tip you want to share with Puridiom users?  Let us know by emailing us at suggestions@puridiom.com.

Online Webinar
In Association With

Top-Notch Negotiations Generating Value & Revenue
April 9, 2014 2:00 pm EST

Educational Webinar by Dr. Soheila Lunney, Ph.D
$99.99 includes 1 CEH per registered attendee

The ability to negotiate effectively in today’s turbulent business climate can make the difference between success and failure.  Successful negotiators approach supplier negotiations as an opportunity to create value, rather than simply battle over price concessions. This educational webinar provides the art and science of building winning negotiation strategies for procurement professionals and contract administrators.  Specifically, you will: 

  • Learn negotiation principles & strategies,
  • Leverage buying power,
  • Generate innovative value-added services,
  • Understand the psychology of negotiations,
  • And much more.


Presenter and Educator:  Dr. Soheila R. Lunney, President, Lunney Advisory Group LLC

Dr. Lunney is co-author of “The Procurement Game Plan: Winning Stragegies & Techniques For Supply Management Professionals,” and subject matter expert of Procurement and Supply Management best practices.  Her company provides coaching, mentoring, and training services that enable clients to pursue and achieve excellence in their processes and practices. Prior to founding her company, Soheila was vice president of procurement for Education Management Corporation (EDMC). She was also Director/Deputy to Chief Procurement Officer at Bayer Corporation where she held various positions with increasing responsibilities in research and development, logistics, customer service, materials management, and procurement. 

Dr. Lunney is a frequent speaker on supply chain management at professional organizations and conferences, sole holder of a U.S. Patent relevant to Polyurethane Technology, and author of several publications. She is a popular blogger for My Purchasing Center

Moderator: Dennis Toohey, Director of Solutions, Puridiom

Dennis Toohey is the West Coast Director of Solutions and Director of Health Care Solutions for Puridiom.  He has been a major force in the West Coast operations, developing new business opportunities within education, non-profit and health organizations.  A veteran of procurement, Dennis has 20+ years of experience in procurement management and systems, strategic sourcing, and supply chain management, and has a personal working history with the Puridiom solution.  Dennis is a BBA and MBA graduate of the University of Notre Dame.

Participants who successfully complete this program will receive 1 hour of continuing education. It may be applied toward ISM CPSM recertification, CPSD recertification, C.P.M. recertification, and/or A.P.P. reaccreditation program requirements. Note: ISM does not endorse, certify or sponsor this program or its content.

99th ISM Conference | May 5 – 7

Conferences | Friday, March 14th, 2014

Puridiom procure-to-pay at ISM 2014

What: The ISM 99th Annual International Supply Management Conference & Educational Exhibit

When: May 5 – 7

Where: Las Vegas, NV

More Information:

Power Up Your Procurement Game with Puridiom. Join us in Las Vegas, NV, May 5 -7 2014,  as we once again sponsor this annual event. ISM’s annual Conference delivers rich content from practitioners with a strong track record in the field. Find solutions in risk management, services procurement, talent management, and business management and supplier strategies.  For more information or to register to the ISM website.

This year we are hosting the Puridiom Procurement Solution Center, Booth #623.   Procurement specialists will be on hand to analyze your specific procurement needs and find the components that add up to a perfect procurement solution for your organization.   While your there, tell us what you would like to see in a procure-to-pay solution and enter to win a Mophie Powerstation!

Can’t make the conference?  Contact us, reference ISM conference in the message block, and we will be happy to have our procurement specialists speak to you.  See you in Las Vegas!

More on Mobility and Procurement

What's New? | Friday, March 14th, 2014

puridiom mobile procurement

Mobility in the world of procurement is becoming a reality.  More companies are releasing apps to make procurement functions accessible on mobile and smart devices.  IT departments are rethinking the use of these devices and policies are being developed.  BYOD or bring your own device policies are one of the more popular practices being put into use by companies today, but this must be done with caution.  The article Tips for Mitigating BYOD Security Risks published by baselinemag.com talks about the threats that can come with a BYOD policy and how to mitigate these risks.  To summarize, the article recommends:

  • Use mobile device management software
  • Create an approved application list
  • Employ password protected access controls
  • User remote-swipe services

Taking these steps can greatly reduce the security risks that are associated with the use of personal devices at work.  Puridiom recently released Puridiom Mobile, a procurement app that can assist the procurement professional on-the-go, when at remote sites, or for quick access to analytical data.  Use policies will determine the how these tools can and will be used.

 

 

 

 

 

Puridiom Sponors SSON

Join Puridiom next week,  March 12 – 14, at SSON’s largest flagship event in North America, the 18th Annual North American Shared Services & Outsourcing Week, which hosts 800+ shared services and outsourcing practitioners, industry solution providers and leading analyst firms for 3 days of information-sharing, networking and benchmarking.

Voted as the #1 conference they would attend in 2014 by over 60% of our US customers, this SS&O event features SSC Site Tours, shared services implementation workshops, plenary and round table sessions led by SS&O senior practitioners and interactive networking opportunities for peer-to-peer and peer-to-partner.

New for 2014 are the Functional Focus Groups, which allow attendees to start the week with other professionals within the same function and/or facing similar challenges, including Procurement, HR (Human Resources), GBS (Global Business Services) and F&A (Finance & Accounting).

2014’s SSON Big Ideas Speaker is the former Creative Director of Apple, Ken Segall; previous speakers have included senior representatives from NY Mets, BBA Aviation, Volvo Group Business Services, Siemens, Nationwide Insurance, Travelocity, GAP, Google, Minerals Technology, and the Hertz Corporation.

Also joining in the speaker mix is Al Jacobs, COO and VP of Puridiom, speaking on the empowerment of Procure to Pay  with AP processes.  Learn how aligning procurement and AP, automating and adopting best practices can reduce cost and generate hard dollar savings in his session, Empowering the Procure-to-Pay Process with AP Services.

Benefit from client case study lessons, shared services benchmarking, G6 sell-side industry panel insights, and takeaways from the Shared Services & Outsourcing Excellence Awards Winners by registering for the event today. Discounted packages available for early bird registrations, end-user/practitioners and previous Awards Winners, as well as VIP criteria-based attendees. Email events@ssonetwork.com with reference code ‘SSON_SPO__#1’ or call +44 (0)20 7368 9510.

18th Annual North American Shared Services & Outsourcing Week

March 12-14, 2013

Disney Contemporary Resort & Convention Center

www.sharedservicesweek.com