Digital technologies promise a lot for procurement teams. Solutions providers vow to shift much of the administrative burden of buyers onto systems that can automate the work. This, vendors say, will not only allow buyers to focus their attention on more strategic activities, but it will also help cut out maverick spend.
Do that and the function will not just deliver value – it will deliver savings, too. But while procurement has always been a data-intensive activity, it has often struggled to find the right technologies and implement them correctly.
Download Procurement Leaders’ Insight: Marketplace strategies white paper to find out how leading companies view procurement value as they consider marketplace automation:
- Improving efficiency in invoice and purchase order management leading to straight-through processing.
- Enabling dynamic early payment discounts from suppliers, helping control their cash flow and offering buyers returns on working capital.
- Creating time for procurement professionals to focus on strategic tasks – including supporting digitalisation of the business through supplier innovation.