For many years, spend analytics software has been helping procurement departments to identify where cost savings can be made. But now we’re at a turning point where the technology is coming of age and reaching new levels of sophistication.
The burden of regulation is unlikely, almost certain not actually, to get any lighter. The real question is: how do procurement organisations in UK-regulated firms align approaches to third-party risk with the regulators’ fuzzy interpretation of concepts like ‘relationships’ and ‘criticality’?
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