To Digitize or Not Digitize… That is the Question

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Many of us are trying to hold on to the past. It is natural for people to feel anxious when threatened by the loss of something that they are genuinely attached to. Most of us have mastered defense mechanisms that help us to overcome the feelings of fear and uncertainty.

Letting go of the past processes indeed can seem challenging when the people are used to legacy objects like the old car which you bought with your first job’s salary, that old nonfunctional watch that your grandfather had loved to wear, the list can go on. Everyone would not like to let go of things one is emotionally attached with. But if one holds on to the past, then there won’t be any room for the present. It is important to adopt the changes and know what one needs.

Disruptive technologies have impacted personal lives and business like never. From Falcon Heavy already zooming ahead in the space to voice-based virtual assistants, the first humanoid named Sophia being granted citizenship, gene editing technologies battling world hunger, 2017-18 was a roller coaster ride for all who wanted to create a dent in the universe.

We have no idea of what tomorrow will bring, so the best is to prepare for it. With digital disruption happening within the industry, digital technology is allowing companies to unwire value chains like information, savings, resources in innovative ways. World-class procurement organizations have higher-caliber people who apply their skills more efficiently. It’s time to finally letting go of all the good old legacy systems.

With the focus in the recent years shifting to the digitization of procurement, technology can be deployed faster than ever. Procurement, Finance leaders are using software solutions with easy adoption so that they can invest in areas of innovations such as Artificial Intelligence / Machine Learning, Robotics Process Automation, to guide buyers to the right product, generate insights and much more.

To truly realize the benefits of digitizing the procurement processes, seamless integration between the cloud-based solutions into the existing infrastructure is key to drive performance, speed, agility, visibility, and control.

While we are all in agreement with the fact that digital transformation will fundamentally change the requirements of the business, but the question is how can procurement get on board?

So here is to all the best minds, who wants to stay ahead of the curve please join this live webcast on “Raising the Bar in Procurement Through Digitization” to learn more about the do’s and don’ts for creating a roadmap for successful digitization. Kanishka Ghosh- Director Project Management, from Zycus Inc. will be leading a discussion on:

  • Tangible benefits of digitization of Procurement
  • Pointers for creating a digitization roadmap
  • Ways for calculating the ROI of the digitization

 

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