Remove Data Remove Procurement Remove Real-time Visibility
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How the importance of risk management has changed for procurement – and what to do about it

Spend Matters

A common thread among the conversations we’ve had recently with senior procurement practitioners tells of the extent to which attitudes towards risk have changed over the past decade. According to one procurement leader we spoke to, all that changed around 2020. That statement couldn’t be less true today.

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Aligning Finance and Procurement for cash flow optimization and liquidity —Phase 5: Sustaining alignment success with shared KPIs

Spend Matters

For our series on aligning finance and procurement for cash flow optimization and liquidity we have published an introduction to each of the phases that make up that alignment. ” The following section outlines essential KPIs and performance review mechanisms that drive accountability and enhance financial visibility.

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Level up your procurement with AI: From quick wins to game-changing strategy

Spend Matters

Artificial intelligence use in procurement isnt a distant dream its here, reshaping how procurement professionals work. From simple automations that save time to sophisticated strategies that drive major business value, embedding AI in your business processes can provide immense value. But where should you begin?

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How to implement a future-ready e-procurement function

Spend Matters

We continue our Procurement Transformation Guide with a look at implementing an e-procurement transformation. Procurement has moved beyond a transactional function. Many organizations attempt to digitize broken procurement workflows, which only accelerates inefficiencies.

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Aligning Finance and Procurement – Phase 4: Leveraging technology to bridge the Finance–Procurement gap

Spend Matters

Finance and procurement play critical roles in shaping an organizations financial health and operational efficiency. This series shapes a five-phase approach to aligning finance and procurement. Technology is a powerful enabler of finance-procurement collaboration, bridging gaps in spend visibility, cost control and data integration.

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Aligning Finance and Procurement for cash flow optimization and liquidity — Phase 2: Identifying misalignments

Spend Matters

We introduced our series on aligning finance and procurement for cash flow optimization and liquidity in this Executive Summary. We then outlined the components of Phase 1: Understanding the Foundations , looking at the differing priorities of finance and procurement and how they might be aligned.

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The AI advantage: Why procurement can’t afford to sit on the sidelines

Spend Matters

Procurement is at a crossroads. Supply chains are more complex than ever, stakeholder expectations are soaring and the sheer volume of data that procurement teams must sift through is overwhelming. For years, procurement teams have been expected to do more with less while working with the same (or even fewer) resources.