5 Reasons to Make Procurement Matter Now

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.