Corcentric Podcasts

Hosted By Kelly Barner of Buyers Meeting Point.

Corcentric Conversations | Digital Payments: The Best Thing Since Sliced Bread!

Discover why finance leaders are prioritizing digital payments and how digitization is helping companies maintain a healthier balance sheet.

Hosted By Kelly Barner of Buyers Meeting Point. 

You’ve got the basics down of what holistic cash forecasting is, so what’s next? It’s time to dig a little deeper into the report conducted by Forrester Consulting and commissioned by Corcentric, which evaluated the desire of finance leaders to enable a complete real-time view of their cash conversion cycle. 

In part two of Corcentric Conversations: Holistic Cash Forecasting 101, Corcentric’s Fritz Smith provides insight into the key findings of the survey, like the fact that 97% of respondents cited ‘smarter decision-making’ as a benefit they would expect to see from enabling holistic cash forecasting. He discusses:

• How holistic cash forecasting can improve the customer experience 
• The opportunity for innovation (think Artificial Intelligence) for organizations who embrace holistic cash forecasting
• What companies can expect when they choose to forgo holistic cash forecasting 

Hosted By Kelly Barner of Buyers Meeting Point. 

Most organizations don’t have a clear picture of their cash position and are missing out on transforming benefits, like better decision making and increased agility. Fortunately, the barriers to cash-flow optimization are possible to overcome. 

In part one of Corcentric Conversations: Holistic Cash Forecasting 101, Corcentric’s Fritz Smith explains the basics of true holistic cash forecasting as it relates to a survey conducted by Forrester Consulting and commissioned by Corcentric. He discusses:

• The definition of holistic cash forecasting 
• What real-time visibility means and the importance of dashboarding
• Best practices for holistic cash forecasting, including change management and using technology to create clean data

Hosted By Kelly Barner of Buyers Meeting Point. 

As the saying goes, “If you cannot measure it, you cannot improve it.”  Which brings us to the last leg of a procurement transformation process: tracking its performance.

In this final episode of Corcentric Conversations: Mastering Procurement Transformation, Corcentric’s Joe Payne and Jennifer Ulrich delve into the types of metrics that can be used to measure the success of the implementation and how often procurement and finance need to conduct evaluations.

Learn more about our Procurement Services here.

Hosted By Kelly Barner of Buyers Meeting Point. 

The time has come to see what your strategy for a procurement transformation is made of. As with the implementation of anything new, hurdles are to be expected.

In this episode of Corcentric Conversations: Mastering Procurement Transformation, Corcentric’s Joe Payne and Jennifer Ulrich share some valuable advice on how to carry out the transformation, as well as common challenges you might encounter and how to overcome them.

Learn more about our Procurement Services here.

Hosted By Kelly Barner of Buyers Meeting Point. 

Think about a road trip: it’s a lot easier to reach your destination when you have a map showing you how to get there. This same concept applies to procurement transformation. When you’ve mapped out the problems and how to solve them, the chances of getting lost in your journey to procurement success lessen.

In this third episode of Corcentric Conversations: Mastering Procurement Transformation, Corcentric’s Joe Payne and Jennifer Ulrich explain the many steps involved in creating a procurement transformation roadmap, as well as some tips for getting the right stakeholders on board.

Learn more about our Procurement Services here.

Hosted By Kelly Barner of Buyers Meeting Point. 

So, you’ve got finance and procurement working as a team, now what? The next step in your journey to procurement transformation is to assess the current state of the function – its people, processes, and technology.

In this episode of Corcentric Conversations: Mastering Procurement Transformation, Corcentric’s Joe Payne and Jennifer Ulrich break down the pillars of procurement, whether you should enlist a 3rd party to complete the assessment, and the role of data in this process.

Learn more about our Procurement Services here.

Hosted By Kelly Barner of Buyers Meeting Point. 

The need for change is constant, something the procurement function is no stranger to. While preparing for a major shift in the role of procurement is no easy task; if done correctly, procurement transformation can improve working capital and fuel growth.

In this first installment of Corcentric Conversations: Mastering Procurement Transformation, Corcentric’s Joe Payne and Jennifer Ulrich explain how procurement and finance need to work together and align their goals when planning a procurement transformation.

Learn more about our Procurement Services here.

Hosted By Kelly Barner of Buyers Meeting Point. 

The disruptions of the last year have made a strong, independent business case for procurement teams and professionals to become more agile. The fact that each organization is in a different place on their maturity journey, however, means that agility can take different forms and require different skillsets. Each procurement organization will have to define what agility means in the context of their company and make investments to achieve it.

In this Corcentric Conversation, Jennifer Ulrich, Senior Director of Advisory at Corcentric, joined us to discuss whether there is a connection between a procurement organization’s maturity level and their ability to support the enterprise through increased agility.

Hosted By Kelly Barner of Buyers Meeting Point. 

All projects have two sides: the technical side and the ‘people’ side. Both need to be actively managed for the project to be a success. The more people that will need to use a system in order to realize the intended ROI, the more investment the implementation project team needs to make in change management. It is critical to stress that focusing on compliance alone will not necessarily drive the desired behaviors from a group of users, whether they are inside or outside of the enterprise. Instead, a deliberate effort must be made to foster collaboration and understanding through engagement and two-way communications. In this episode of Corcentric Conversations, Patrick Baumgardner, a Senior Consultant at Corcentric, joined us to discuss the investments procurement should make in change management to ensure it is an asset rather than a stumbling block in technology implementations.