Next-gen Digital Procurement Solutions - A SpendEdge Whitepaper

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)

According to the procurement experts at , “Digital procurement solutions help improve efficiency and drive better decision making by interconnecting many digital and real-world inputs.”

to see how SpendEdge’s procurement solutions can help you.

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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About SpendEdge

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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CONTACT: SpendEdge

Anirban Choudhury

Marketing Consultant

US: +1 630 984 7340

hello@spendedge.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET SOFTWARE

SOURCE: SpendEdge

Copyright Business Wire 2018.

PUB: 06/20/2018 07:30 AM/DISC: 06/20/2018 07:30 AM

http://www.businesswire.com/news/home/20180620005064/en