Companies are facing economic uncertainty and other macro-level challenges such as inflation, talent shortages, and supply disruptions, which are putting pressure on procurement teams to invest in resilient technologies that improve processes, optimize spend and mitigate risk. Artificial Intelligence (AI) and automation can help procurement organizations run more efficiently and reduce time spent on manual processes like invoicing and contract management. AI can also help identify areas to reduce costs and ensure that goods and services are purchased at the lowest possible prices.
JAGGAER spent time discussing these challenges in 2023 with Spend Matters in their New Year Insights series. Find out why companies that invest in automation and optimization solutions will have a competitive advantage through the year and beyond.