Digital transformation of a procurement department is an opportunity to use technology to reimagine the organization’s entire scope of operations and how the associated data can be used to enable business advantage. P2P analytics are used by businesses to identify inefficiencies, risk, trends, and other insights. These help businesses streamline or reinvent existing business processes and improve decision making. As with any technology deployment, a successful digital transformation requires many things to attain value in the output, including: vision, executive sponsorship, business and technical effort and expertise, collaboration, robust and usable solutions, compliance and governance, and analytics.

Contributors: Nationwide
Categories: 2023 Spring - Amelia Island, Summit Presentations
SRC Type: Outsourcing, Procurement Outsourcing / Transformation