Zycus discusses the role of procure-to-pay technology in moving to strategic sourcing
PRINCETON, N.J. June 21, 2012 – Zycus, a global leader in Procurement Performance solutions announced today that it is collaborating with CPO Agenda to host an interactive webinar titled – “The Important Role Of Procure-To-Pay Technology In Your Move To Strategic Sourcing” which will be broadcasted on June 27, 2012 at 3:00 p.m. BST/10:00 p.m. ET. Duncan Jones, Vice President, Principal Analyst, Forrester Research, Inc. and Bikash Mohanty, Associate Director, Product Management at Zycus will be the primary speakers.
Procurement departments that are transforming themselves from reactive, transactional buying to become a truly strategic sourcing function often find that inadequate P2P systems and processes prevent them delivering their full potential savings to the bottom line. So called “maverick spend”, usually driven by people who are merely trying to get their job done as efficiently as possible, causes theoretical savings to leak away via off-contract purchases from unapproved vendors.
In this webinar, guest speaker and leading ePurchasing analyst Duncan Jones from Forrester Research will explain how the latest P2P software products can help you corral that maverick spend, by enabling you to make the right process easier, and the wrong process harder. He’ll describe some best practices for selecting and implementing P2P software that will let you get full adoption, and thereby maximize your procurement savings.
The key learnings from this webinar will include,
- The role of Procure-To-Pay technology in reducing the organization’s maverick spend
- Innovative technology driven guided buying
- Use cases for driving purchasing compliance