DIGITAL PROCUREMENT
“Traditional spend management is a process that has been around for decades , and continues to be seen broadly ”
JOHN CALLAN PRODUCT AND SEGMENT MARKETING SENIOR DIRECTOR , COUPA
Laverentz uses the analogy of LEGO to describe an optimal holistic spend management solution : “ The cool thing about LEGO is once you ’ ve built a set you can pull it apart and put it back together again in new ways . That is what cutting-edge solutions need to offer . If a company doesn ’ t like the way a solution works they need to be able to pull it apart and put it back together in a way that meets their needs .”
The best way to move to modern spend management solutions Laverentz stresses the need to understand the concept of ' digitise versus digitalise '. He says this is an ' aha moment ' all procurement leaders need to have : “ There ’ s a world of difference between digitising processes and being able to truly run digitally . It ’ s important senior procurement leadership open their eyes to the truth that digitalising processes and implementing technologies is an
90 March 2022