Ongoing changes in the world demand from accounts payable and procurement departments to become increasingly engaged with automation and with each other.
Procurement teams who want to succeed are using automated spend analysis, eSourcing, automated contract management, and eProcurement in ever-increasing numbers to address the competitive challenges in the marketplace.
Collaboration across departments can make the difference between a procurement team that has a strategic impact and one that remains static. Procurement and finance executives who have working unions provide their stakeholders with intelligence into enterprise spend that can be leveraged for long-term planning, forecasting, and budgeting.
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