Procurement Magazine Sept W3 2026 | Page 55

The last few years have taught many finance leaders that the risks in their supplier base and payment flows can hurt them much faster than a missed savings target ever could.“ Cost still matters,” says Donna Wilczek, Chief Product and Technology Officer at Basware.“ It always will. But it isn’ t the whole job anymore.” The biggest risk to procurement isn’ t overspending. It’ s missing a payment to a strategic supplier and having them stop shipping to you.“ Operations have to keep running,” adds Donna.“ If a critical supplier walks because they didn’ t get paid on time, that’ s not a finance problem anymore; that’ s the business at risk. And on top of all that, there’ s a tsunami of government regulation hitting finance teams right now. Falling behind isn’ t a missed-deadline problem; it’ s a you-can’ t-transact-in-that-market problem.” As a result, compliance has gone from a back-office checkbox to something that determines whether the business can operate at all. Put this together and the mandate now is about control and resilience.“ Cutting costs gives you a one-time win,” says Donna. Building an operation that protects the relationships the business actually runs on, that keeps paying off,”

The gap between policy and reality Procurement has been asked to do things that it hasn’ t been confronted with before. Today, organisations are being asked to track global trade and tariffs, predict wars and shipping crises, to compete with foreign companies that have a huge leg up from governmental backing and all while being asked to do more with the same team.
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