Amidst the uncertainty in today’s financial services industry, companies are responding by focusing on what they can control—prioritizing business spend allocation, optimizing procurement and AP processes, and reducing third-party risk.
Read the 2020 Financial Services Business Spend Management (BSM) Benchmark Report with 11 powerful KPIs to help you spend smarter
, based on actual spend transactions and processing activity of US$1.7T of cumulative global business spend. You’ll learn why DBS, Barclays, Zurich, Swiss Re, Bremer Bank, and One AZ credit union
, among others, are concentrated on optimizing four key areas:
- Process Efficiency -- How efficient are your transactional BSM processes?
- Digitization -- How successful have you been in digitizing your BSM processes?
- Risk Management -- How effectively are you driving compliance and mitigating third-party risk?
- Spend Optimization - How are you optimizing your spending to get the best rates and savings opportunities?
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