“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 […]

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 […]

Touchstone Spend Management have been selected by a leading Pension and Financial Services provider to deploy a Supplier and Contract Management solution to the organisation. The organisation had previously been using an extremely complex spreadsheet to maintain the information of their 450 suppliers, but concluded this approach was no longer sustainable and could not support […]

“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 […]

We are very pleased to confirm that Emma Childs has joined Touchstone Spend Management as a Senior Consultant. Peter Layzell (Head of Touchstone Spend Management) said “I’m delighted that Emma Childs has joined the Touchstone Spend Management team as a Senior Consultant. Welcome Emma, you are a fantastic addition to an already outstanding team! Emma […]

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 […]

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 […]

It is often said that the starting point for every procurement function is knowing who your suppliers are and what they do. Unfortunately, procurement and finance teams are often left without the ability to access this basic supplier information due to a lack of specialist procurement tools. You will often find team members performing tasks […]

Touchstone has been chosen to implement PROACTIS Contract Management for a UK estate agent and property services company. The deployment via PROACTIS hosted services will allow the organisation to better manage their contracts in place including visibility of key renewal dates, with compliance and risk management the main drivers behind this project. “Organisations are aware […]

Touchstone Spend Management are pleased to announce that Hampshire Trust Bank have gone live with PROACTIS Purchase-to-Pay. Hampshire Trust Bank (HTB) is focused on UK customers; with centres of excellence in Asset Finance, Property Finance and Commercial Mortgages. They also provide competitive savings accounts to individuals and businesses. The introduction of PROACTIS P2P & Expenses […]