6/30/2023 0 Comments Ariba discoverOthers do a great job of managing contingent staffing not only for worker classification compliance, but also other controls and compliance (e.g., proper credentialing/access to information, insurance certifications). For one, a number of banks have highly sophisticated procurement operations, especially in certain areas (e.g., Bank of America for supplier diversity). ![]() There are some great ironies to this, of course. ![]() ![]() Jimmy Carter arguably had far greater success controlling inflation, driving the economy forward, getting gas prices in line and making Americans feel good about themselves than either Chase or AMEX have had with their various efforts (Xign, MarketMile, etc.) serving the procurement and AP communities as trusted, consistent partners, aside from offering standard treasury, checking/lock-box, FOREX, and typical banking services.īut unlike Jimmy, it’s hard for these giant institutions to quietly go back to being peanut farmers after coming in and making a big stink that quickly dissipated. The history of banks and related financial institutions (e.g., American Express) getting into anything having to do with purchase-to-pay (P2P) is a road paved with the best of intentions - and absolutely abysmal execution.
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