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Why Procuretech has Immense Potential to Grow

Procurement Software

In the latest years, the need for digital procurement tools has arisen as businesses have entered a more rapid digital transformation process. The experience of COVID-19 also showed that poorly managed vendor master data contributed to some of the delivery delays and supply chain disruption. Typically, this is the CFO.

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5 Procurement Trends Shaping 2024

Pipefy

Improvements to existing procurement processes, procedures, and operations are as time-sensitive as ever. In the 2024 State of Procurement Data Report by Amazon Business, 95% of decision-makers surveyed acknowledge that there’s room for procurement optimization. In some cases, we may have only budgeted a 10% increase.

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Unlocking Savings Potential with Tail Spend Analysis

Empowering CPO

But don’t be fooled by their size – when accumulated, these costs can form a substantial part of a company’s expenditure, and a large number of suppliers can add complexity and risk to the supply chain. While tail spend is often neglected, it holds a gold mine of untapped savings opportunities.