During the recent Proactis ReThink ’18 event we surveyed senior Finance and Procurement professionals about which spend management or eProcurement systems/tools they were considering for 2019.
The survey results highlight that many organisations have identified gaps in their spend management solution sets, and are missing out on potential cost savings and efficiencies. We found it really interesting to understand which solution areas are hot topics for these organisations and think you will too.
A large proportion (33%) identified Supplier Management as a key consideration. This could be due to a number of reasons:
- Supplier on-boarding is time consuming for both parties.
- Supplier qualification is often subjective, providing little visibility of risks.
- Consistent measurement and evaluation of supplier performance is difficult.
- Keeping suppliers’ profiles and catalogues up to date is an enormous task.
