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5 Reasons to Make Procurement Matter Now

This sponsored Viewpoint article has been provided by The Shelby Group
The content below does not express the views or opinions of Spend Matters.
Visit https://www.theshelbygroup.com/ to learn more.
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Today’s cloud-based procurement software platforms offer many advantages for companies seeking to gain greater visibility into — and control over — spend. This is just one reason why the market for e-procurement software is expected to grow from $1.35 billion in 2016 to $2.75 billion in 2021.

Senior decision-makers at organizations contemplating the adoption of an e-procurement solution will find plenty of information about the advantages of doing procurement better through process automation. What’s missing from most of the available literature, however, are insights into how a modern procurement infrastructure can help companies accomplish specific business objectives.

Over the past decade, The Shelby Group has helped hundreds of organizations, from leading global brands to mid-tier enterprises, benefit from the implementation of procurement platforms and programs. We know from experience that there is no such thing as a one-size-fits-all business case for procurement transformation.

Five Reasons to Make Procurement Matter Now” presents a practical guide for CFOs and procurement experts who seek answers to a fundamental question:

How can implementing an enterprise procurement platform help accomplish specific business objectives unique to your business? In this e-book, you’ll find five different types of organizations, each with a different set of business objectives?

Look for the one or two that most resemble the current state of your organization, and you’ll find a high-level business case for the role that procurement can play in helping you accomplish your objectives.

  • Visibility: Get out in front of spend to produce accurate and timely financial reporting.
  • Accountability: Gain control over budgets and predictability of spend.
  • Capability: Enhance sourcing and supplier management to increase competitive advantage.
  • Resilience: Use procure-to-pay (P2P) levers to respond to changing market and financial conditions.
  • Agility: Facilitate rapid growth and scalability while maintaining control over spend.

Download the e-book today, and enjoy the read!

John Dreyer is president and CEO of The Shelby Group.

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