TECHNOLOGY
“Organisations should look to adopt a procurement platform at the earliest possible opportunity ”
SIMON PATTESON VP OF NORTHERN EUROPE , ICERTIS
is the ideal pillar around which to deploy a holistic , digital approach to procurement to meet the demands of today ’ s marketplace ,” explains Simon Patteson VP of Northern Europe at Icertis .
When Should an Organisation Adopt a Procurement Platform ? “ Organisations should look to adopt a procurement platform at the earliest possible opportunity ,” says Patteson .
“ The World CC report found that there is an increasing gap between organisations who do not prioritise procurement resources such as Commercial and Contract Management ( CCM ) platforms and those who do . Larger organisations – those with annual revenue of more than US $ 5bn – are showing the greatest interest in improving CCM capabilities , with these sectors leading the way which may largely be down to risk ,” he continues .
“ Plus , according to Forrester , CLM has emerged as a must-have technology for companies of all sizes . Manufacturing is a key sector that could see huge benefit from increased digitisation through a CLM platform , where production time and customer communication is of the utmost importance . With its digitisation and integrated technologies CLM has the potential to address an interface where there can be significant value leakage and risk accumulation when responsibilities are split .”
Adding to Patterson ’ s comments , Saric details what it takes to achieve an effective transformation journey in procurement . “ An effective transformation journey can only begin once an organisation has mapped out its digital maturity . Before adopting a procurement platform , procurement teams must review their company strategy , processes , structure , and technology against leaders in the
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