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Procurement strategies shifting to restore growth post-COVID-19, reveals Ivalua research

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However, the research reveals that many organisations feel their procurement strategies are being hampered by outdated technology: Organisations believe that overly dispersed (72%), unactionable data (70%), and a lack of embedded best practices (70%) are limiting overall value from technology solutions. Download the full study *.

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Procurement Strategies Shifting to Restore Growth Post-COVID-19, Reveals Ivalua Research

ivalua

However, the research reveals that many organizations feel their procurement strategies are being hampered by outdated technology: . If procurement leaders don’t overcome technology challenges now, they risk missing growth opportunities and ensuring resilience for the future.”. Download the full study*. Media Contact.

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Ivalua Study: Tech Challenges Hinder Procurement

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This is because organisations continue to face challenges when it comes to harnessing technology in procurement, with existing systems not being fit for purpose (36%), poor data quality reducing trust in information (36%) and staff having inaccurate expectations of what technology can do (34%). . Download the full study here.

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Let’s Get Digital: Introducing your Source-to-Pay Guide

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The Benefits of Source-to-Pay The market for S2P has evolved significantly in recent years, becoming an essential component of procurement strategy for most companies. This process handles the execution of the payment, instructing the bank or payment provider and reconciling that with the invoice, order, etc. Let’s get started below!

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New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives

ivalua

This is because organizations continue to face challenges when it comes to harnessing technology in procurement, with existing systems not being fit for purpose (36%), poor data quality reducing trust in information (36%) and staff having inaccurate expectations of what technology can do (34%).