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The NET(net) Newsletter: March 2019
Essaouira citadel

Picture above: The Citadel in Essaouira, Morocco, filming location for Game of Thrones. Taken by NET(net) employee.

March 2019: Original Articles and Headlines

  • NET(net) Predicts: Blockchain Will Replace the Supplier Invoice
  • Banking Series: Managing Software License Risk and Software Disentanglement in M&As
  • HCM Software - Breaking Bad: Review of the Top 5 HCM Providers
  • Planning Ahead: May 31st - Oracle's end of fiscal year is coming up sooner than you know it!  Plan ahead and be ready for their end of year proposals..
blockchain payments - small

Prediction: Blockchain Will Replace Supplier Invoices

Most clients today use a complicated procedure for processing supplier payments to ensure the process is not only accurate and complete, but also:

  • comports with the terms of the commercial agreement
  • performs in compliance with the conditions of the contractual agreement
  • is done with authenticated trading partners
  • isn’t fraudulent or illicit in any way
  • is fully auditable

This results in a costly, nine-step process that has many shortcomings when compared to Blockchain payments.  This (and other reasons) is why we predict that paying your suppliers via Blockchain will replace invoices faster than you think.  Click below to read entire article...

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shark waters - small

Mergers and Acquisitions: Managing Risk and Reducing Costs Through Software Disentanglement

Kin Hubbard, a humorist and journalist who lived 100 years ago, once said “the safest way to double your money is to fold it over once and put it in your pocket”. Clearly views are different today. The value of mergers and acquisitions in the U.S. financial services sector alone more than doubled to a whopping $196.5 billion in 2018 from $82.3 billion in 2017.

According to a report by White & Case, Financial Institutions M&A Sector 2019 Trends, there are possibilities of mega deals in Europe and that Wall Street behemoths may start flexing their expansion muscles. And when that materializes, a Stock Purchase Agreement (SPA) is the result that includes a myriad of questions that have to be answered (which we ask and answer).

While M&A announcements may get the headlines, a successful integration is the only true measure of a deal’s value. Delaying Software license disentanglement and transfer activities can have a negative impact.  We walk you through what questions to ask and what to look for in any M&A process.  Click below to read entire article.

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breaking bad camper - small

Breaking Bad: HCM Review - Top 5 Suppliers

According to MarketWatch, the global HCM market size in 2018 was $12.6B USD and is poised to grow to $22.6B by 2025!  That is an impressive growth number and companies will be going all out to claim their share of it. 

While these ‘Big 5’ take up a massive chunk of the HCM market, the biggest piece of the pie is still quantified as ‘other’, meaning there are a myriad of options for enterprises to choose from. 

Before you can even consider the niche players and startups on the cutting edge of HCM technology, you first have to know what the big players can do.  They will claim they can do everything under the sun, but in some cases that’s only true with smoke and mirrors.

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WINwin-powered-by-NETnet_2

WIN(win) Developers Corner: March Updates

We have some exciting updates coming to the WIN(win) platform in the coming months!  We have just launched our Self-Service page where we have moved and consolidated all our tools that can help users perform SSM (Strategic Supplier Management) all on their own and still get our 17 years of expertise built in!

  • Shortcuts to Rapid RFx Projects 
  • Find, Get, and Keep Videos
  • Benchmarking check ups for Oracle and Salesforce
  • Performance and Supplier Management Area

Our home page is starting to see some changes as well.  With some of the other features moving to self service page, we'll not have room on the homepage for new developments!  Starting now, you should see a rolling news feed of everything we think matters for SSM.  

Stay tuned for more homepage updates and more coming every month!  Login to check it out...

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What our clients say...

“Virgin Care engaged NET(net) to review and assist us by leading the negotiations with one of our most strategic suppliers, constituting a projected five year spend of well over £7m. The NET(net) subject matter experts were able to dive in and find inconsistencies in the proposed terms, pricing and project plan that enabled us to drive considerably more business value and savings than had previously been identified. The results were impressive starting with a bottom-line savings of over £1m over five years. Equally as impressive was the speed at which we were able to reach an agreed result. Additional services added around Time and Labour, Planning and Budgeting, and additional test environments added significantly to our bottom-line results in the engagement. To cap off these benefits, we were also able to mitigate our long-term risk with improved pricing for future units which yields additional savings over the long-term. In summary, we were more than pleased with not only the results, but the professionalism and expertise of the NET(net) staff who was able to dissect a complex agreement, and remake it into an effective partnership model that will drive value for us over the next several years.”
 
 - CTO -
Virgin_Care
  

 


 
 
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