...
Search
Close this search box.
Horizon 2024 is here! Join hundreds of procurement visionaries in Miami on May 15-17, 2024. Register Now!

Procurement Meets Finance: A Finance and Procurement Collaboration: Zycus

McKinsey, in its new book “Procurement 20/20”, pointed out that lack of CFO focus on procurement excellence has a negative impact on the level of savings and organizational improvement that Finance and Procurement leadership can bring.

Collaboration between procurement and finance is necessary to mitigate risks, increase cash flow, manage working capital, cut costs and above all, bring more savings to the bottom line.

Procurement is largely judged by the savings it generates through different projects. However, what procurement may consider savings, finance may consider cost avoidance. Thus begins the argument over what does or does not constitute savings. But, if for each project, savings are calculated by keeping finance in the loop, won’t that help solve the problem? And this is where technology comes to the rescue.

Read this whitepaper to know how about- “Finance and Procurement”.
Gain Access to
Resource
FILL THE FORM TO GAIN ACCESS
Privacy

McKinsey, in its new book “Procurement 20/20”, pointed out that lack of CFO focus on procurement excellence has a negative impact on the level of savings and organizational improvement that Finance and Procurement leadership can bring.

Collaboration between procurement and finance is necessary to mitigate risks, increase cash flow, manage working capital, cut costs and above all, bring more savings to the bottom line.

Procurement is largely judged by the savings it generates through different projects. However, what procurement may consider savings, finance may consider cost avoidance. Thus begins the argument over what does or does not constitute savings. But, if for each project, savings are calculated by keeping finance in the loop, won’t that help solve the problem? And this is where technology comes to the rescue.

Read this whitepaper to know how about- “Finance and Procurement”.

The preferred solution for world-class global enterprise

Mondelez
Heineken Logo
Lazboy Logo
Porsche
Radisson
Danone
Hapag
Tecom
Scroll to Top