Discover why traditional procurement technology strategies (primarily focused on deploying P2P and ERP suites) prove to be ineffective and how enterprises can leverage the emerging technology landscape to build a future-ready procurement eco-system.
The perfect procurement tech stack remains as elusive today as it has over the past two decades. ERPs and Procure-to-Pay suites promised an all-encompassing solution by converging all procurement disciplines – sourcing, contract management, supplier management, payments, etc. – on a single platform. Unfortunately, on the other side of these multi-million and multi-year implementations, enterprises find a partial solution that is unnecessarily complex and requires the procurement process to be force-fitted into the platform’s rigid, linear design.
Fortunately, something new and transformative is beginning to happen that offers a renewed hope. Over the past few years, a new generation of procurement platforms has emerged that offer deep, specialized solutions and yet easily integrate into the broader eco-system. They offer unprecedented speed, efficiency and flexibility leveraging cutting-edge technologies like AI, NLP and blockchain packaged in an easy-to-use, user-centric design.
This is driving the rise of a new procurement technology approach – specialized platforms wrapped around the P2P technology back-bone. Watch this on-demand webinar to explore how you can make your organization’s procurement technology eco-system more effective by incorporating this approach and taking a step towards the future.
The challenges and gaps in traditional procurement technology set-ups
The new generation of specialized platforms that have the potential to transform procurement effectiveness
Strategies for your organization’s transition to the procurement tech stack of the future
VP, Procurement and Analytics,
Supply Chain Expert,
Founder and Chairman