Senior finance executives often have a gut feeling about whether the spend-management efforts at their companies are optimized, but there’s no substitute for hard numbers when it comes to ensuring operational excellence.
This webinar replay gathers a group of finance and technology experts to discuss (1) why benchmarking is used by forward-looking finance chiefs to optimize spend-management efforts and (2) what critical key performance indicators should be used to benchmark and improve performance in
four key areas:
- Savings (bottom-line impact that sourcing and procurement efforts deliver)
- Efficiency (strength of processes across procurement, invoicing, and expense management)
- Digitization (success in digitizing business relationships with suppliers)
- Compliance (effectiveness in driving compliance through spend management)