Here You’ll Find an Assortment of Raindrop’s Case Studies, Whitepapers, and Procurement Industry Updates.

It is commonly agreed that Procurement organizations can add a significant value to the bottom line and operational well-being to any company. To perform their function, these Procurement teams require people, process, and technology...

The COVID-19 pandemic, global trade uncertainty, increasing tariff pressures, and factors like supply chain bottlenecks have changed the way the world works in many ways. Focus on “must-have” items, as opposed to “nice to have” items, has taken on a whole new degree of importance...

We don’t usually find ourselves drawing upon Heraclitus, but his famous words are as applicable today, as they were 2500 years ago. As the saying goes, “Change is the only constant in life”, it sums up what companies...

Supply Chain is a top issue in every Boardroom, which wasn’t always the case. So how did we get here, and how do we solve it? For one, if the mantra of 2021 was “uncertainty and reaction”, then it’s fair to say 2022 and beyond is “flexibility and adjustment.” Reacting to this new norm...

If your Chief Procurement Officer was asked the question, “does Procurement know of every contractual commitment in the company?”, most CPOs wouldn’t be able to answer that in the affirmative. It turns out there’s a good reason for such a lack of...

Regardless of industry, items produced, or services provided, every company around the world depends on their supplier network to help their own company run. The question is: How do you maximize the performance of your suppliers while minimizing risk...

As perPaymentsJournal,only 39% of Finance and Procurement professionals feel the two groups have a good working relationship, and 24% feel they don’t share common goals. This is where Raindrop’s Enterprise Spend...

COVID has been the forefront issue for almost two years, literally changing how the world works. Another key issue is also impacting our world, in the form of inflation, and how...

According to a report byDeloitte,nearly three out of every four Chief Procurement Officers stated spend/savings performance analytics provide the most valuable insight, which drive their ability to deliver value into their...

There are two key reasons the year 2020 was transformative for all businesses. One of them is that Diversity & Inclusion is driving equality into the corporate world and other is how...

The migration from on-premise software to “Software as a Service”, or SaaS, has been well underway for the past two decades. Rapid access to the technology and avoiding what...

Procurement leaders understand the urgency and importance of defining and executing their organization's digital transformation. The top goals for digitization projects include process automation, cost savings, and streamlined...

Let’s say you’re working on a project which requires detailed real-time analytics to drive educated and informed decisions. If this sounds familiar, it’s because almost every corporate project lands in this definition of need...

Every company faces the same challenge, no matter their industry. The challenge is managing the outflow of company finances to external third-party suppliers – which is exactly why Raindrop was created – to control, manage, and optimize ...

Contract Management is an integral and critical component of any effective procurement process. In the past, Contract Management was limited to storage of contracts, mostly focused on the sell-side essentially creating an underutilized document repository

As perMordor Intelligence,spend analytics provides in-depth insights through Data Visualization, helps in the deployment of...

The global COVID-19 pandemic has changed the way the world works in many ways. The practice of working from home is likely here to stay. Virtual meetings replaced in-person...

Given the challenges provided over the past year to the global economy, it now appears to be on a recovery path into the second half of 2021, though significant challenges still...

Arguably the most important component of effective spend management is Sourcing. You need to select the right suppliers and negotiate the right contracts. Companies continuously invest in newer technologies ...

Procurement leaders understand the urgency and importance of defining and executing their organization's digital transformation. The top goals for digitization projects include process...