Achieving Financial Compliance with Procurement Technology
Spend compliance is the percentage of spend that is under the influence of Procurement. As rightly understood, higher spend compliance translates into greater savings for the organization. Automation is a thing of the past with intelligent solutions that perform their own tasks better and also assist the complex decision making process. Upstream solution provides insights from complex data and equips sourcing practitioners who need to identify and optimize spend opportunities to use this data to execute strategies with suppliers based on key spend categories. On the other hand with Downstream solutions, users who are focused on the more operational part of purchasing can achieve spend compliance by bringing about efficiency through guided buying processes. This White Paper will help you discover how Procurement technology can help you increase spend compliance and the various touch points for the same.