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Spend Control ‘Jargon Buster’ Simon Dadswell, Group Marketing Director, PROACTIS Simon Lipscomb, EMEA Sales Director, PROACTIS
Spend Control
‘Jargon Buster’
Simon Dadswell, Group Marketing Director, PROACTIS
Simon Lipscomb, EMEA Sales Director, PROACTIS
Agenda
• Introduction
• Spend Control ‘Jargon Buster’• Different terms that mean the same thing
• Different meanings of the same term depending on who is using them
• Really new emerging terms that are confusing everyone
• Other interesting terms
• About PROACTIS
Spend Control ‘Jargon Buster’
• Different terms that mean the same thing:• Spend Control & Spend Management
• eProcurement & Purchase-to-Pay (P2P)
• Strategic Sourcing & Source-to-Contract
• Cloud & Internet
• Supplier On-boarding & Supplier Enablement
Spend Control ‘Jargon Buster’
Different meanings of the same term depending on who is using them, e.g.:
• Spend Under Management• Total spend (true total vs. total addressable)
• Savings (opportunities created vs. actual realised)
• Supplier Network
• AP Automation (invoice capture, einvoicing etc.)
• Compliance (approval policy, supplier usage, regulatory
Spend Control ‘Jargon Buster’
Spend Control ‘Jargon Buster’
• Really new emerging terms that are confusing everyone• End-to-End eProcurement (a.k.a Closed-Loop eProcurement)
• Dynamic Purchasing Systems
• Supplier Information Management (Master Data Management)
• Supply Chain Financing, Dynamic Discounting, Accelerated Payments
• User Experience (vs. User Interface)
Spend Control ‘Jargon Buster’
• Other interesting terms• User Adoption
• Punchout
• Tolerance
• Transformation
• Tail Spend
• Self-Service
• Supplier Engagement
• Supplier Risk Management
PROACTIS Overview
• Global Spend Control & eProcurement solution provider
• Technology-led tools & services for procurement & financial professionals
• Solutions that deliver bottom-line value• Monetary savings
• Improved operations & efficiencies
• Governance & risk mitigation
• 800 customers• c. 2m users
• 90+ countries
• c. 1m suppliers relationships
Our sessions
• The State of Spend Control & eProcurement Automation – 2016 Survey Results & Insights
• 10.20-10.50 Mountbatten Room
• Procurement Strategy & Action Plan – From Quick Wins to Long-Term Savings Opportunities
• 11.05-11.35 Mountbatten Room
Other resources available at proactis.com
