How SaaS is Changing the Procurement Industry
The procurement industry has traditionally been slow to embrace new technologies, but that’s starting to change as more businesses turn to software-as-a-service (SaaS) solutions to optimize their procurement processes. SaaS is transforming the procurement industry by offering a range of benefits, but it also presents some challenges that businesses need to be aware of. In […]
The Skills GAP in Procurement – The Ultimate Challenge
Procurement has evolved beyond just purchasing goods and services at a low cost. Nowadays, organizations focus on buying skills, software, and processes that lead to collaboration, innovation, and value creation. To succeed in this environment, procurement teams must possess social skills like communication, stakeholder management, and leadership. However, many organizations struggle to find and prepare […]
The Benefits of Process Automation and How to Achieve It
Automation has become a buzzword in the world of business, and for good reason. The term was already familiar as far 1946, used in the automobile industry at the time to describe the increase use of automatic devices and controls in mechanized production lines. Manufacturing industries started using automatic devices and robotic machines at the […]
What Is Procurement Transformation?
In the wrong hands, procurement can be a static system that simply serves to facilitate the obtaining of resources. Undergoing procurement transformation is the key to bolstering your savings. Savings gained with new contacts, relationships, and value. Every serious operator recognizes the value of procurement transformation. From the biggest businesses to banks all across the […]
7 Common Procurement Challenges and How to Manage Them
Procurement has been at the heart of a company’s success since the Egyptians in 3000 BC. However, the complex nature of managing procurement means it is not without challenges. Business procurement departments have a variety of different responsibilities. Managing procurement involves everything from contracts to supplier relationships. It means it is a dynamic role that has to […]
How Spend Analysis Can Help Your Telecom Spend Management
Did you know that global technology spending had a four percent increase even amid the pandemic? These numbers should not surprise you, especially since almost all businesses rely on technology and telecom to operate most of their functions. Unfortunately, about 20 percent of the amount that companies spend on telecom is an unnecessary expense. For […]
Why You Need Spend Management Analytics in Digital Procurement
How do you reduce procurement costs, improve efficiency, and track and control workflows? The answer: Spend management Over the years, spend management has evolved into a continuous, comprehensive approach. This goes a long way to keeping your business in check and improving your bottom line. Since Covid-19 first emerged, procurement organizations have faced a barrage […]
What is the Role of Contract Value Intelligence in Spending Analysis?
Understanding what truly constitutes contract value intelligence (CVI) is a crucial starting point for strategic cost management, expense management and enterprise spending analysis. Telecom or technology contract value can be determined by the quality of the service in relation to your overall technology and telecoms spend, which you must be aware of to determine whether […]
Gain More Value From Your Enterprise Spend Using Contract Intelligence
What is telecom contract intelligence? We’re creating new activities in your Source to Pay life cycle that unlock hidden value and deeper insight into your supply chain. Once the domain of consultants performing one-off reviews, this can now be done in minutes by our intelligent analytics platform. Why use it? Discover budget efficiencies that can […]
Optimizing Enterprise Telecom in Digital Transformation
Enterprise telecom expenditure and strategic cost management is still quite a niche subject once you get into the detail of it, but the rise of Digital Transformation and Digital Procurement means it is quickly becoming a focus area for many enterprises. From a data perspective, it overlaps all the services that make up the essential […]
