Procurement Transformation
The profile of Procurement is rapidly evolving in today’s uncertain climate; building value and resilience into corporate spend is increasingly important to the health of your organisation. Procurement strategy can advance its competitive edge and has triggered a shift away from simple cost savings, toward value-add, and few organisations can afford to neglect such opportunities. With this, comes the need to to mobilise resources and optimise efficiency. Spend Tech’s Procurement Transformation toolset provides the technological platform necessary to truly leverage the best of your procurement function and drive real change within
Purchase to pay.
Automate menial tasks to reduce lost productivity ∙ Improve cost allocation accuracy ∙ Increase spend visibility ∙ Drive greater compliance ∙ Enable commitment accounting.
Sourcing.
Reduce preparation tasks ∙ Template preferred routes to market ∙ Increase consistency and effectiveness ∙ Engage with suppliers electronically ∙ Automate evaluation.
Contract Management.
Centralise contacts ∙ Provide controlled access ∙ Drive compliance and reduce risk ∙ Limit automated renewals ∙ Track performance and monitor KPIs.