Insights by Nitor

Managing Your Bank ERP Cloud Migration

Posted by Ken Cavazzi on Sep 1, 2020 10:49:38 AM

Over the next five years, there will be a seismic shift in the enterprise software space. Before the decade is over, a majority of companies will need to migrate their on-premises ERP software to the cloud as older versions of the applications will cease to be supported. Within a narrow timeframe, the demand from companies needing conversion services will surge and create capacity constraints for their respective ERP software providers and the third-party system integrators tasked with facilitating this massive undertaking. This perfect storm of having to complete a multi-year project within a narrow conversion window means that implementation services will be stretched thin and at a premium.

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Topics: treasury management, finance, banking ERP

Nitor DATA ASSURE Now Available for Purchase on SAP® App Center

Posted by Sean Sollitto on Aug 20, 2020 9:12:45 AM

CLEVELAND— August 25, 2020— Nitor today announced that its Nitor DATA ASSURE app is now available for online purchase on SAP® App Center, the digital marketplace for SAP partner offerings. Nitor DATA ASSURE automatically validates supplier data in one step, without human interaction.

"Nitor DATA ASSURE is now integrated with the SAP Ariba Supplier Lifecycle and Performance solution, validating supplier data, including legal name, address, US tax number, Office of Foreign Control (OFAC) check and more," said Sean Sollitto, Principal with Nitor. “This app will help reduce inefficiencies associated with supplier data integration, automate the supplier data gathering process and help ensure clean supplier data in ERP.”

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Topics: procurement technology, procurement transformation, SAP Ariba

Procurement Supplier Data: Stop the Garbage!

Posted by Paul Recchia on Aug 18, 2020 1:32:46 PM

In the Australian city of Kwinana, nets at several drainage pipes in the area have been installed. You see, Kwinana has a major issue: garbage carried via storm runoff into waterways and ultimately polluting the environment.  

 

By installing the nets, Kwinana has vastly cut down on the amount of garbage deposited in the rivers and lakes. In a mere six months, Kwinana has stopped 815 pounds (370 kilograms) of waste from entering the waterways. Not only is this better for the environment, it saves money - the cost to clean up garbage goes up 4x once it is in the waterways as opposed to catching it in these nets.

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Topics: procure to pay, eprocurement, procurement transformation, SAP Ariba

Nitor CONNECT Now Available for Purchase on SAP® App Center

Posted by Sean Sollitto on Jul 13, 2020 9:46:50 AM

Nitor CONNECT integrates SAP Ariba® and Microsoft Teams to create a hub for team collaboration, communication and document storage. Nitor CONNECT streamlines chats, training materials and files to create efficiency and support compliance in the source-to-settle process.

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Topics: supply chain management, procure to pay, eprocurement, SAP Ariba

Nitor CONNECT: Team Up with SAP Ariba and Microsoft Teams

Posted by Paul Recchia on Jun 1, 2020 7:58:41 AM

SAP Ariba is a powerful procurement tool.  Microsoft Teams is an easy to use collaboration tool. Together, they create a unified and efficient environment to streamline the requisition process.  That’s right, SAP Ariba and Microsoft Teams have been seamlessly integrated to streamline your collaboration and communications. Introducing Nitor CONNECT

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Topics: procure to pay, eprocurement, procurement technology, SAP Ariba

Selecting an S2P Technology - Part II: Go To Market

Posted by James Fiore on May 19, 2020 12:36:45 PM

In our previous blog, Selecting a S2P Technology Part I – Requirement Gathering, we discussed the steps necessary to gather your requirements and prepare your RFP documentation for a Source-to-Pay (S2P) Technology. In Part II of our blog, we will explore how to go to market for a S2P Technology solution.

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Topics: procurement consulting, eprocurement, procurement technology, procurement transformation

Crisis Management: Treasury & Working Capital Solutions to Manage Through a Downturn

Posted by Ken Cavazzi on Mar 25, 2020 5:33:03 PM

The Treasury and Working Capital Survival Guide

The world has changed rapidly in the last 30 days.  The US economy went from setting a record for the length of the expansion to setting a record for the fastest recession in the history of the United States.  Navigating through this gut-wrenching reversal requires decisive management action, focus, and speed.  A critical component of this process is successfully managing working capital.  Management teams must evaluate working capital needs and utilize working capital as a key resource to sustain ongoing business activities.

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Topics: treasury and working capital, treasury management, finance, dynamic discounting

Optimizing Procurement Technology to Drive ROI

Posted by Paul Recchia on Feb 10, 2020 10:03:48 AM

Ask any master woodworker what the most important skill is in woodworking. The answer won’t have anything to do with saws, chisels, or hand planes. It won’t be about design, planning, or building. The most important skill is fixing their mistakes. Master woodworkers will saw outside their line, they’ll have an errant hit with a chisel, they’ll ding the corner of their piece. They all make mistakes. Great woodworkers, however, know how to fix their mistakes.

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Topics: procure to pay, procurement consulting, eprocurement, procurement technology

Selecting an S2P Technology – Part I: Requirements Gathering

Posted by James Fiore on Jan 8, 2020 2:08:02 PM

Your organization has made the decision to invest in a Source-to-Pay (S2P) technology and you have been asked to lead the selection project.  The selection of a technology is typically a large investment, and you will be establishing a provider partnership that will last many years – it is critical that you select the right technology and partner.  Recognizing this, you sit down to start thinking about your approach and quickly realize that selecting a S2P technology is a complex project that requires you to understand the needs of stakeholders throughout your organization along with the current functionality and capabilities of the S2P technology providers in the marketplace. How should you go about pulling together all of the information you need to effectively go to market? What questions do you need to ask of providers?  Do you have a sufficient understanding of the technology to ask the right questions? How do you evaluate and compare the technologies?

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Topics: procurement consulting, change managment, procurement transformation

Increasing Supplier Adoption of Your S2P Solution

Posted by Jenna Sandusky on Oct 9, 2019 5:30:42 PM

Congratulations! Your company has made the decision to streamline and simplify the way they do business by investing in a source-to-pay (S2P) software solution.

Now, how do you get your suppliers to adopt the idea of transacting electronically? This S2P implementation impacts more than just your company; if your suppliers are not onboard with this change, it could create a strain on your relationships and negatively impact the bottom line.

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Topics: procurement consulting, eprocurement, procurement change management, procurement technology, procurement transformation

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