According to Deloitte Report, the next digital transformation will happen in Procurement and Supply Chain. 2017 Takeaways | Vroozi
Priorities in the procurement function constantly evolve. Over the past two decades procurement has slowly transformed from a back-office function to a strategic, value-creating business unit. And now – in the wake of the COVID-19 pandemic, procurement leaders are needed more than ever to [...]
High-performing digital procurement and finance programs are essential for organizations of all sizes. When deployed properly, procurement teams can reduce purchasing costs by an average of 8 – 12% and deliver 2 – 3% in additional annual savings. Undergoing digital transformation in finance and [...]
Digital Spend Management: What’s Next in Procurement, Invoice and Payments? The way in which we shop, purchase and pay in our personal lives is almost completely digital and automated. Think about it: we search and buy with one-click on sites like Google and Amazon. We [...]
By Joe FoxA recent Deloitte survey of CFOs highlighted the importance of cost control and cost optimization to drive growth in uncertain times: Deloitte’s CFO net optimism index declined in Q3 2019, registering its first negative reading in nearly seven years. At the same time [...]
Are you serving your procurement teams the way they need to be served? Do you know how to empower them to perform at their best and strengthen your company? If not, figuring it out isn’t a matter of guesswork. In 2017, a Market Watch [...]
Procurement Technology Improves Office Morale A common concern surrounding any emerging technology is the effect it will have on the existing workforce. Many fear automation, claiming it will destroy jobs as it makes certain tasks unnecessary. While recognizing this concern, it’s important to also recognize [...]
Automation and AI Are Changing How We Work AI, automation, and machine learning are quickly becoming integral parts of many industries. While some modern-day Luddites fear this technology, others recognize new technology as an opportunity for workers—if they know how to react. What Does AI [...]
Are you confident that your company is ready to adopt the technology you need to be successful in procurement? If not, you are not alone. Need for Procurement vs. Company Readiness In a recent survey, 87 percent of responders agreed that “a data-driven approach to [...]
The Need for Mobile, Digital Procurement Admittedly, predicting that procurement will continue to move to mobile is not groundbreaking, but the reality is that many companies are still lagging far behind in digitizing their procurement process. What many businesses fail to recognize is that while [...]
Digital Budgeting in e-Procurement Systems E-procurement provides unprecedented financial solutions for businesses. Procurement was once accessible only to large enterprises, shutting out smaller firms with high costs and lengthy implementations. As technology has progressed, companies like Vroozi are able to provide more accessible cost and [...]