Top 10 Procurement Solution Companies - 2020
With a slew of robust digital technologies entering the market, the year 2020 is set to be a turning point for the procurement industry. Procurement officers are finally turning their backs on lost invoices and rogue receipts. Especially, with the incorporation of cloud technology, organizations are able to achieve greater levels of accessibility and control. Procurement using cloud technology is enabling CPOs to keep businesses costs under control, select the best suppliers, enforce company policy, while also appraising supplier risk.
Furthermore, it is also helping organizations reduce manual transactions throughout the procure-to-pay cycle, which is often time-consuming. Whether it is creating purchase orders, managing document revisions, or processing non-manual supplier invoices, cloud computing is making procurement a breeze. Cloud technology, combined with big data techniques, is facilitating seamless interconnectivity across the supply chain. Organizations are now able to access rich sources of data and generate insights that can drive cost reductions and drive value.
It is no secret that evolving technologies like big data are revolutionizing the procurement functions by giving procurement teams the ability to collect and analyze troves of data from both internal and external sources while enabling more accurate decision making, transparent supplier relationships, and better risk management. To effectively manage this transformation in the procurement space, organizations are incorporating the latest technologies into their every asset, operation, and interactions, thus turning their businesses into intelligent, digital-based enterprises.
To assist procurement businesses in the task of finding accomplished procurement solution providers and consulting companies, we have compiled this issue of CIOReview. It is elaborately crafted to assist you in fostering productive partnerships and improving performance. In this edition, we have listed the 10 most promising procurement solution providers and consulting companies to highlight those making significant contributions to the procurement sector. This edition also blends thorough thought leadership articles from subject matter experts, CIOs, and CXOs. We hope this issue of CIOReview helps you build the partnership you and your organization need to foster a workspace driven by robust and efficient technology.
We present to you CIOReview’s, “10 Most Promising Procurement Solution Providers – 2020.”