Whitepaper:

Digital Transformation Reduces Strategic Sourcing Costs and Cycle Time by 30%

This whitepaper by The Hackett Group explores study findings that point to supplier evaluation and contracting as prime candidates for automation.

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Digitally Transforming the Strategic Sourcing Process

According to The Hackett Group’s research, companies devote an average of 16 full-time staff to the sourcing process for every $1 billion in spend, and half of all strategic sourcing time is spent in the supplier evaluation and negotiation phase.

The good news is that solutions already exist—respondents noted that digital tools speed up overall sourcing process cycle times by 30% and reduce data-collection errors, leading to cost savings.

Read this report by The Hackett Group for strategies on how to:

Reduce lengthy sourcing cycle times
Enable category managers to identify opportunities for savings through automation
Reap the top 3 benefits of digital and contract lifecycle management software

How It Works

PROCUREMENT

Drive employee adoption and cost savings.
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INVOICING

Eliminate paper, increase efficiency and ensure compliance.
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EXPENSES

Visibility and compliance through automation. Employees love using it!
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