"The technology you use impresses no one. The experience you create with it is everything." - Sean Gerety – Executive Director, National Right to Work Committee Technology indeed propels progress,…
Balancing Act: Aligning Procurement Strategy with Overall Business Objectives
Aligning procurement strategy with overall business objectives has become a cornerstone for achieving sustainable growth and competitiveness. This ensures that procurement activities not only contribute to cost savings but also…
Protecting Your Investment: The Role of Procure-to-Pay Solutions in Venture Capital Success
In speaking with countless VC and other investment groups, the same question comes up every time, "What can I do to protect the success of my investment?". It's a world…
Digital transformation stands as a pivotal shift, reshaping how organizations handle growth and optimize operations. PREMIKATI brought together industry leaders to share their experiences and insights on this journey, particularly…
Growth is the goal for pretty much any business worth its salt. We all want that upward trajectory of fatter profits, larger market share, and bigger-isn't-always-better efficiencies. But here's the…
Integrating Technology: Change Management in Today’s World of Digital Procurement
Having been involved in organization change management for over 10 years across multiple industries, I wanted to share my experiences to assist fellow change managers in the never-ending fight for…
Mastering Procurement in 2024: A Quarter-by-Quarter Strategic Roadmap for Success
An effective procurement strategy is more than just a way to cut costs; it's a crucial driver of value and innovation. As we step into a new year, let's explore…
Navigating Digital Transformation in Procurement In an era where technology profoundly shapes business landscapes, Canadian mid-market companies are not just participating in the digital revolution; they are leading it. Particularly…
Enhancing Value Creation through Strategic Procurement
Executive Summary For private equity entities, the amplification of EBITDA is not merely a financial target—it's a strategic imperative that commands a premium in the capital markets and enhances enterprise…
Harnessing the Seasonal Shift: A Procurement Perspective on Fall and Holiday Dynamics
When the hues of autumn leaves signal a change in season, it's more than a picturesque moment—it's a cue for businesses to engage in a tactical ballet of procurement.…
Transforming Procurement: The Strategic Role of CFOs in Managing Indirect Spend In the dynamic landscape of procurement, the role of Chief Financial Officers (CFOs) and Chief Procurement Officers (CPOs) has…
Embarking on the Journey of Strategic Procurement: Crafting Your Blueprint for Success In the grand scheme of business operations, procurement often takes a backseat in the limelight, yet it…
Trailblazing the Path to Procurement Excellence: PREMIKATI Earns Finalist Spot for SAP’s Esteemed Global Intelligent Spend & Business Network Partner Award in 2023 In an era where digital innovation and…
From Procurement to CEO: 10 Trailblazers at the Helm
The journey to the CEO's office can take many paths, with procurement being a less heralded but critically important one. A background in procurement equips individuals with a robust understanding…
Kickoff Time: What Procurement Pros Can Learn From Football Season
Summer is winding down, school is back in session, and a chill is in the air - that can only mean football season has arrived! As both college and professional…
Premikati Inc. is pleased to announce its inclusion in the prestigious Inc. 5000 list of the fastest-growing companies in the United States for 2023. INDIANAPOLIS, INDIANA, UNITED STATES, August 15,…
Procurement contracts are more than mere pieces of paper requiring a signature; they are the bedrock of successful business transactions and play a vital role in procurement. What is a…
Effective sourcing in procurement is no longer a luxury—it's a necessity. For finance and procurement executives, understanding the intricacies of sourcing is crucial in ensuring a stable supply chain, mitigating…
Bargain-Bin Pants, Procurement, And The Could-Have-Been Gremlin (You Deserve Better, Part 1)
You know that one pair of pants that’s been sitting in your closet for, like, two decades? That you maybe wore one time on a Thanksgiving back in 2007, but…
Revolutionizing Procurement with Icertis Contract Intelligence
Every cog in a corporate machine plays an important role, and procurement is no exception. As organizations strive for operational efficiency, procurement stands as a key driver for business success.…
Unlocking Value through Procurement in Private Equity
The era of Private Equity is upon us, and it is redefining traditional business paradigms. In 2022, the private equity industry saw a record-breaking $1.5 trillion in dry powder, demonstrating…
The Undeniable Value of Procurement Managed Services for Portfolio Performance
Operating partners always search for innovative strategies to optimize portfolio companies' performance. Procurement, an often-overlooked area, presents a remarkable opportunity for cost optimization and improved operational efficiency. The key lies…
The Power of Automation: Unleashing Efficiency with SAP Ariba Commerce Automation
Businesses today are realizing the urgent need for procurement and spend management innovation. Key decision-makers, particularly those in finance and procurement, seek solutions to streamline processes, boost efficiency, and improve…
Macro Financial Concerns and Procurement in 2023: Are You Ready? The year 2023 has presented itself as a period of financial restraint, as the International Monetary Fund (IMF) echoed. Global…
Unleashing the Power of SAP Ariba Solutions for Optimized Procurement and Risk Management Supplier management has become a critical aspect of business operations for procurement and supply chain executives…
Unleashing the Power of AP Automation: A Strategic Move Towards Efficiency and Profitability
In an era where digital transformation drives sustainable business growth, one area that remains ripe for disruption is Accounts Payable (AP). AP automation is no longer just an option -…
Contracts are the backbone of modern business. They serve as the foundation for relationships between parties, whether it’s a company and its employees, a supplier and a customer, or a…
Contracts are essential documents in business and legal transactions. They help to establish the terms of a relationship between two or more parties and can provide a framework for resolving…
What is contract management software? Contract management software is a tool that automates and centralizes the management of contracts. It enables businesses to track, manage, and analyze the lifecycle of…
Contract management is a critical aspect of any organization's operations, and it's especially important for executives who are responsible for managing the financial health of their organizations. Effective contract management…
CFOs and CPOs face numerous challenges when managing to buy and invoicing processes within their organizations. Efficient financial management is crucial to maintain a healthy cash flow, reducing risk, and…
Five Ways to Ensure your Sourcing Strategy Never Disrupts the Supply Chain
Because sourcing is at the heart of any procurement strategy, it is critical to the success of your supply chain. Poor sourcing strategies have a negative impact on the supply…
Sourcing and supply chain management go hand in hand. Successful supply chain management is the backbone behind most successful businesses. If we had any doubt, the last three years made…
Procurement in 2023 The procurement landscape is constantly changing, and the strategies that organizations employ to ensure their success in the future must evolve to meet the needs of the…
Contract Cubes For Private Equity Firms Contract Cubes Offer Powerful Advantages For Private Equity Firms Successful private equity firms know that time is something you want to have on…
Sourcing Via Managed Services In Procurement Is A Game Changer For Private Equity Firms Managed services providers (MSPs) bring with them a suite of finely-tuned skillsets, knowledge, and tools to…
The past 22-months have dramatically altered both how and where we work. And women have been disproportionately affected. How will this change as we begin to emerge from the pandemic?…
3 Business Resolutions You Can Actually Keep In 2021
The New Year of 2021 is right around the corner, and many are breathing a sigh of relief that 2020 is finally coming to a close. After a daunting, strenuous,…
What 2021 Has In Store For Supply Chain And Procurement
As December 31, 2020 fast approaches, it’s becoming increasingly apparent that we might as well start calling the “new normal” plain-old no-modifier “normal,” because what we used to call normal…
B2B Holiday Gift Giving For Grateful Procurement Pros: Covid-19 Edition
When the snow starts falling and the Walmart speakers start fa-la-la-la-la-ing (okay, that was back before Halloween, but still), then you know it’s time to start thinking about how to…
Do you need to take a serious assessment of your business right now? For months, we’ve seen how COVID-19 has affected our personal lives, businesses, and the way our society…
Spend Analytics At The Private Equity Level Are Critical To Future Success
Keeping spend analysis at the portfolio company level results in data silos, missed savings opportunities, decreased negotiating power, increased compliance risks, and a negatively impacted valuation and EBITDA figures at…
Capture And Enforce Savings With A Central Private Equity Level Procurement Marketplace
A private equity level procurement marketplace such as Premikati’s PE Marketplace allows firms to maximize on savings utilizing group purchasing power and then enforce those negotiated rates to ensure savings…
Private Equity Firms Gain Quick Wins With Optimized Sourcing
Sourcing at the private equity level offers maximized savings via leveraged buying power, the ability to standardize processes and best practices, increase spend visibility and analysis capacities, and improve valuation…
5 Ways Legal Teams Gain A Boost From Contract Management Software
Navigating procurement contracts as a legal professional and feel like walking through a minefield, especially if your company is still relying on outdated procurement practices. A good, digital contract management…
Contract Management Software Boosts Quick Wins for Procurement Teams
Contracts are the heart and soul of procurement operations. Even a few outdated processes can slow down your team and impact supplier relationships. A modern contract management system, however, can…
So many things have changed in 2020, what a year! But, what matters most is ensuring the spokes of your procurement wheels are all there. It really comes down to…
7 Ways Financial Departments Benefit From A Modern Contract Management System Finance and procurement go together like peanut butter and jelly. Procurement teams must have both time and funds…
Leverage Group Purchasing Organizations for Your Business
When you talk about Group Purchasing Organizations (GPOs) for improving cost savings, the most strategic way this is done is through indirect spend. For example, an organization’s expenditures that are…
Summary: Premikati Marketplace bolsters the efforts of CFOs by offering an easy-to-use consumer-style B2B purchasing platform with deep, enterprise-grade spend controls and analysis tools. Premikati offers trusted suppliers with steep…
Don’t Let These 8 Things Happen To Your Procurement Team
Is your purchasing software pulling its weight? Poorly executed purchasing platforms not only cost you time and money, they put your company at legal and reputational risk. If any of…
There was a time when the socially conscious supply chain was more of a side dish, or perhaps icing on the cake so to speak. For instance, after profits were…
There isn’t any question that inclusive corporate practices and business shared values have been highlighted in recent years as customers increase their search for companies who induce rich social impact…
Not all technology partners are created equal. The best run companies attract and retain top-notch talent and the on-staff management team knows how to see a project through to success.…
The recent COVID-19 pandemic has shined a light on getting back to the fundamentals within the supply chain. It’s really all about agility and alignment with evolving customer demands. Now,…
5 Reasons You Need a Real Contract Management System
Are you still using Sharepoint or similar software for contract management? You may be putting your business at risk and losing a lot of time and credibility in the process.…
Even with advanced solutions available, many businesses still try to make do with their legacy systems - and manual tools - when managing their procure-to pay process. Even if work…
As the COVID-19 pandemic spread throughout the world, supply chains and procurement saw their traditional modeling around price negotiations, contract compliance, and cost control become overwhelmed with unprecedented challenges. Through…
Future Proof Your Supply Chain Over the past two months, every government and healthcare facility around the world has worked tirelessly to learn more about COVID-19, to treat afflicted patients…
How To Thrive While Transitioning To A Virtual Workforce
How To Thrive While Transitioning To A Virtual Workforce Summary: Many people are working from home during the coronavirus pandemic. New remote workers and businesses can help foster success by…
How to Streamline your Procurement Processes During a Pandemic
Procurement Processes and a Pandemic Within our modern era of globalization, and inter-woven supply chains, the coronavirus pandemic is presenting an unforeseen set of challenges to address. The state…
SMBs Can Leverage Managed Services to Improve Procurement As important as the procurement function is for companies to purchase the products and services they need in a compliant, cost-effective way,…
Eliminate Spend Sieves with a Three-Way Match Your business is dynamic and fast paced, and you want to be on the move, getting the real work done. In this…
Procurement Automation: Best Bet for Growth for SMBs
Procurement Automation: Your Best Bet for Growth Is there a way to optimize your procurement processes without having to make a massive investment in IT? Can you eliminate manual processes…
Continuing Education Resources for Procurement Professionals
5 Continuing Education Resources for Procurement Professionals For procurement professionals to get ahead in their careers and help their companies succeed, continuing education can play a key role. From formal…
Why You Should Incorporate ESG Into Your Supply Chain Companies that incorporate environmental, social and governance (ESG) factors into business practices can not only create more ethical companies that…
The New Era of Product Shipping With the rise of e-commerce has come increased expectations around delivery service, including in both the consumer and B2B worlds. When a consumer buys…
A New Year's Resolution to Cut Procurement Costs, Not Quality Many people take on personal new year’s resolutions such as to lose weight, but what’s often more important than…
Top 4 Best Holiday Gifts for Suppliers We’ve talked before about the importance of nurturing good relationships with your suppliers in the past. During the festive season, why not reach…
Summary: Rogue spend—unmanaged spend—puts businesses at risk of noncompliance, creates unpredictable budgets, reduces forecasting accuracy and completeness, and overall reduces business profits. By using spend analytics, rogue spend can more…
Premikati, Inc. Announced as SAP Ariba Gold Partner
We are pleased to announce that Premikati, Inc. has achieved the next program level in the SAP PartnerEdge Program and we are now a “Gold” Partner due to the successful…
Premikati’s COO and General Counsel Chad Buchanan talks about the challenges that companies in the mid market face and their unique approach to intelligent spend management utilizing SAP Ariba technology.
Five Frustrations Procurement Professionals Will Understand
Every profession comes with its frustrations, but procurement comes with its own very specific set. If you’ve been in the business for more than a minute, you’ve probably wanted to…
3 Best Practices to Open the Silo Between Accounts Payable and Procurement
Summary: Accounts payable and procurement work hand in hand, although many departments remain uninformed about the goals, metrics, decisions, and communications of the other. Businesses can breach data silos among…
For SMBs, procurement can be the largest area of spending, often representing 50 percent of sales revenue. For companies looking to send value to the bottom line rather than take…
Top 6 Ways to Engage Sustainable Sourcing for SMBs
Summary: Sustainable sourcing has become a consumer and investor expectation which impacts businesses not only morally and ethically, but alters customer loyalty, price point, risk level, and more. Because SMBs…
Intelligent Spend Management: Why it Exists, and Why you Need it Between global sourcing initiatives, product lifecycle management, supplier diversity milestones and more, the procurement operation in any sizable company…
The SMB Digital Transformation Challenge: Why SMBs Have Typically Been Digital Laggards in Procurement While essentially every company could benefit from digital transformation — whereby they adopt digital technologies and processes…
Supplier Diversity: How it Improves Business, and How it Works
Supplier Diversity: How it Improves Business, and How it Works Diverse spend is an ongoing goal for companies large and small alike. For government contractors and their subcontractors along the…
Digital Transformation in Small and Medium Sized Businesses
SMBs and Digital Transformation: Is Your Company a Laggard or a Front Runner? SMBs have long been seen as being “behind the curve” in terms of transformative businesses processes. This…
Premikati and SAP Ariba Deliver Enterprise-class Procurement for SMBs
For small and medium-sized businesses (SMBs), shrewd spending decisions can mean the difference between failure and success. But many lack the systems and staff to make procurement a mission-critical priority.…
SAP Ariba silver partner Premikati recently completed a project that provides students, parents, and schools in Florida with much-improved access to services and financial support through the Step Up for Students (SUFS)…
As one of only eight companies in North America that have the ability to implement SAP Ariba Snap solution that is targeted at mid-market companies, we at PREMIKATI have compiled…
Marisol Buchanan, CEO of Premikati, Inc., had the pleasure to speak in NYC at SAP Ariba’s Business with a Purpose Summit – along with Step Up for Students (SUFS) COO,…
CEO of Premikati Named to National Small Business Association Leadership Council
Marisol Buchanan, CEO of Premikati, located in Indianapolis, IN was recently named to the National Small Business Association (NSBA) Leadership Council. NSBA is the nation’s oldest small-business advocacy organization, and…
Having been an SAP Ariba customer, employee, and now SAP Ariba BPO partner, I have seen many of the pain points of the implementation of this module. Granted, this list…
When a company decides it has a need for a Contract Management software, the first step is generally to send out an RFI/RFP. A number of weeks and many pages of responses…
Changing the Game in Education with Step Up for Students and SAP Ariba
Non-profit to launch digital marketplace for simple, efficient administration of scholarships to low-income and special needs students August 01, 2017 08:30 AM Eastern Daylight Time PALO ALTO, Calif.–(BUSINESS WIRE)–Back to…
Premikati, Inc. with Aon Cornerstone Partnership, A “Win-Win” For Premikati, Inc. Clients Looking to Diversify Their Supply Chain Indianapolis, IN Nov.2, 2016 – Premikati,Inc. today announced a strategic partnership with Aon…
Premikati Transforms Contract Management with SAP Ariba
Certified WBE outsourcing firm leverages cloud-based solutions to fuel efficient digital process that delivers savings and compliance PALO ALTO, Calif., November 16, 2016 – The cloud is where efficient contract management…
The Premikati Marketplace is everything you’ve been dreaming about to streamline your purchase request to order process and better manage the relationship with your suppliers. Procurement software leader, SAP Ariba™,…
When you pass someone on the street and mention procurement as a career, you’re likely to get blank stares and maybe even snores from the uninitiated. In reality though, procurement…
What are the Real Costs of Your Supplier Relationships?
Summary: Supplier relationships can be costly in terms of both money and time investments, and can also be rife with risk. Many businesses are turning to B2B marketplaces in order…
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