have transformed procurement . They celebrate its ability to automate workflows , streamline processes and enhance both visibility and compliance throughout the contract lifecycle , where procurement is expected to find results .
“ Procurement is increasingly tasked with delivering business value , from contract creation and approvals to surfacing untapped savings , avoiding missed obligations , and ensuring compliance through supplier relationships ,” Shannon says .
“ To meet these demands , procurement leaders are turning to contracts as critical resources and leveraging CMS to deliver the speed , performance , and transparency needed in today ’ s business environment .”
Companies need to utilise these programmes to get an advantage , Santosh believes : “ Effective contract management , supported by the right digital solutions , gives procurement teams a lasting edge over their competitors . These solutions enable
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