What is stunting the move to digital solutions ? Alex Saric , CMO , Ivalua : “ A few factors are hindering digital transformation . Upfront , some organisations still struggle to obtain the executive support and budget required . Organisations that gain this initial support often then face challenges with adoption , by both users and suppliers . It is essential to engage the business users when planning the transformation and select technology that provides the consistent , modern experience people expect from technology today . At the same time , solutions must make it simple for suppliers .”
Once solutions are deployed , the key challenge lies with data . Too often , organisations struggle with poorquality , dispersed data that is spread across multiple departments . While S2P technology can address these issues , too many solutions lack the right foundation , having been built via acquisition or silos . This limits access to , and trust in , information and prevents the 360 degree visibility required to improve
“ The need for greater visibility across the supply chain has been the dominant driver of digitalisation , particularly since the pandemic ”
ALEX SARIC CMO AT IVALUA
S2P technology can help unlock that value in three primary ways : improved transparency ; greater scalability and effective collaboration ; and organisational agility .”
What is driving the push for digitalisation ? In today ’ s modern organisations , the role procurement plays in restoring growth and ensuring resilience post- COVID is gaining vital recognition . As such , the investment in advanced technologies to streamline a traditionally manual process is evident to see .
“ The need for greater visibility across the supply chain has been the dominant
114 May 2022