Insights by Nitor

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.”

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.

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.

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?

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.

You secured the budget, obtained leadership endorsement, purchased your procurement software, and are ready to implement. Then it hits you – there is no way we can do this on our own! If that sounds like you…you are not alone. In fact, the vast majority of companies preparing to implement procurement automation software have correctly realized they need the help of an experienced, certified software implementation partner.

The journey is full of challenges, some you may not know exist. Software providers do the best they can during the sales cycle to prepare you, but the reality is, there is just too much to know. It can feel overwhelming to look at an 8 – 18 month project plan with more than six workstreams. Planning your team’s resource utilization, understanding how each workstream ties into the others and connecting dependencies – HELP!

It’s time to reach out for help and find an implementation partner. Here are some ideas of what to look for when selecting a partner.

Nitor named a best-fit provider for SAP Cloud Procurement Solutions

June 4, 2019 /PRNewswire/ -- Nitor, a leading business process transformation services firm, has been granted SAP Recognized Expertise in cloud procurement solutions in North America. Nitor achieved this designation based on their skills and competencies, as well as their proven record of client success and satisfaction.

"For over 15 years Nitor and SAP have partnered to create value through technology and process transformation," said Sean Sollitto, SAP lead with Nitor.  “We are proud to be recognized by SAP for maintaining high levels of satisfaction, solution quality, and service delivery.”

Just like people, Procurement organizations are at different points on their continuous improvement journey. People rely on friends, classes, self-help books, mentors, and family to help them identify opportunities for growth and improvement. Where would a Procurement organization go to help them identify opportunities and actions required to continue on their journey? 

Some companies use industry benchmarks and roundtables, or work with peers at other companies to see how they compare. But what does that really provide? A couple of data points that tell them they could be better. That probably isn’t breaking news if the questions are already being asked and it certainly doesn’t provide an actionable roadmap to sustainability.

On June 26th Nitor hosted a 1-hour webinar about how to best enable Procurement Transformation, titled: Realizing Value Through Procurement Transformation.

(If you were unable to attend the live event, don’t worry, you will be able to request access to the recording in the link below.)

The session, featuring Gary Stoddard, Partner at Nitor,  highlighted what it takes for organizations to realize true value when looking to transform their Procurement practices.