Traditionally procurement has been a back office function focused on coordinating with suppliers and cost effectively securing materials/services for the business. With increased pressure to cut costs, maintain growth and out-perform competition, procurement goals need to be aligned with the overall business goals. These functions need to drive business outcomes such as risk management, innovation,working capital optimization and improved stakeholder experience.
In the EVCA series of papers, this paper assesses the automation potential of procurement for Source-to-Contract and Procure-to-Pay processes. EVCA provides a tested and proven framework to identify processes that deliver the highest impact, shortest time to value, and the most ROI to your automation investments. Download this paper to discover how to drive business outcomes to provide the right digital capabilities to deliver value beyond simple cost savings and productivity and meet the ever increasing business demands.