LONDON--(BUSINESS WIRE)--Jun 20, 2018--SpendEdge, a global procurement intelligence advisory firm, has announced the completion of their most recent whitepaper on . In today’s competitive business scenario going digital is crucial for any procurement organization. However, to transform the current P2P process and achieve a customer-focused procurement function, organizations must begin by adopting a customer-centric business model. Additionally, by implementing digital procurement solutions organizations can improve risk mitigation and enhance supply assurance.
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Next-gen Digital Procurement Solutions - A SpendEdge Whitepaper (Graphic: Business Wire)
Impact of digital procurement solutions:Use of apps that enable intelligent extraction of content – The use of optical character recognition (OCR) and learning algorithms enables organizations to extract useful data from unstructured documents. Implementation of robotics process automation – Robotics Process Automation (RPA) helps automate innumerable P2P processes and other repetitive manual tasks. Use of cyber tracking – Tracking the online sourcing processes in real-time enables organizations to proactively track supplier behavior and overall performance. To read more,
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SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.
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