“ As we continue to mitigate and manage risk , procurement will have a huge role to play ”
JOHN CALLAN PRODUCT AND SEGMENT MARKETING SENIOR DIRECTOR , COUPA
“ These things are core issue when you ' re trying to improve and transform the spendmanagement process holistically . It ' s impossible to do it if you have fragmented processes , and processes that are manual , outdated and labour intensive ,” he says . He also points out that old-school systems “ have friction everywhere , and friction just slows things down .”
He adds : “ They lack visibility . You really don ' t know what your organisation is spending . One of the biggest challenges
Coupa spend management solution :
Supplier Health
for procurement leaders right now is understanding where the money is being spent . Only when you understand this can you focus on making improvements to the supply chain , and reducing risk .”
For many organisations it is legacy systems , data silos and unstructured data that is hindering their transition to modern spend management solutions .
Jonathan Laverentz is Head of Product & Consumer Marketing and Digital Innovation at Tradeshift , a supply chain payment company . He agrees with Callan that old systems are riven with issues .
“ Many companies are relying on outdated solutions that operate individually rather than finding a holistic solution that can be modified to suit their needs ,” says Laverentz . procurementmag . com 89