The Touchstone Spend Management Governance Model
“Companies must respond effectively moment to moment as they receive insights with each news cycle. They must also be prepared to act swiftly and aggressively to counter each disruption and protect their most valuable assets, while anticipating the next turns and moves ahead.”[1] It is likely that there have been sudden changes required in your […]
Mitigate Supply Chain Risk and Secure Competitive Advantage
In these uncertain times, it is important that organisations are confident in their cash flow forecasts, identifying cash savings, assessing the supply chain, as well as confirming that everything is being done to maximise the use of their internal resources. Touchstone Spend Management has developed a Directors and Managers Business Intelligence reporting tool which provides […]
Why People need to ‘Know before they go’
“Why people need to “know before they go” Today people can – and do – prepare for every aspect of any experience, big or small. Whether they’re taking a vacation across the globe or dining at a neighbourhood café, people have a low tolerance for surprises[1]. Collaborative approach The implementation of business solutions requires a […]
The Knowledge of London and Proactis Advanced Reporting
The Knowledge of London As taxis can be hailed in the street and asked to go anywhere, taxi drivers must have a thorough knowledge of London. This is why taxi drivers have to learn and pass the world-famous Knowledge ….cab drivers know the quickest routes through London’s complicated road network. There are thousands of streets […]
Spend Management Project Team: Who do we need?
A subject matter expert (SME) is a highly knowledgeable individual who performs specialized functions in given organizational processes…. Modern management practices rely heavily on the services of SMEs in research and development processes as well as in routine organizational operations to achieve greater productivity and efficiency.[1] Who should be on the project team? At the […]
Information, Decision and Meaningful Results
At the start of the series the Prisoner, starring Patrick McGoohan, we hear a dialogue What do you want? says Patrick The reply comes ‘Information’ Whose side are you on? Retorts Patrick That would be telling. We want information… information… information. According to Wikipedia, Information is that which informs[1], which reduces uncertainty. It is closely […]