Survey Reveals Current State of Spend Control & eProcurement Automation as Well as Transformation Plans
12 July 2016 - 9:50PM
Business Wire
Report Highlights Findings across Private, Not-for-Profit and
Public Sectors
PROACTIS, a global Spend Control and eProcurement solution
provider, today announced availability of a report summarising
results from a June 2016 survey of procurement and finance
executives who attended The Spend Control Summit held at the
Emirates Stadium in London.
The report summarises the current state of automation across
eight distinct areas of Spend Control and eProcurement Technology
with breakdowns by private, not-for-profit and public
sectors. It also provides a view of which of those areas
organisations in each sector are focusing on for review and
transformation today and over the coming year. Differences among
the three sectors are compared and contrasted, and possible
implications are highlighted.
“This report provides some very interesting insights into the
current state of Spend Control,” said Rod Jones, CEO, PROACTIS. “It
provides procurement and finance executives with a wide range of
information against which they can benchmark their own current
state and transformation plans.”
The Spend Control and eProcurement areas covered by the survey
included Spend Analysis, Strategic Sourcing, Supplier Information
Management, Supplier Relationship Management, Contract Visibility
and Management, Purchase-to-Pay, Invoice Receipt and Processing,
and Electronic Supplier Commerce.
Although results varied significantly from sector to sector, a
few key high level points from the report include:
- The areas with the highest levels of
current automation across all organisation are: Invoice Receipt
and Processing, Purchase-to-Pay and Spend Analysis.
- The areas with the lowest levels of
current automation are: Supplier Relationship Management (along
with the related area of Supplier Information Management), Contract
Visibility and Management, and Electronic Supplier Commerce.
- The areas most indicated for current
or near-term review and transformation are reasonably aligned
with those that currently have a low level of automation, except
that Spend Analysis topped the list even though it already has a
relatively high level of current automation.
Overall, the number or organisations planning to focus on one or
more areas in the near-term is incredibly high – suggesting
Procurement is becoming more strategic and central to senior
decision-makers change initiatives. A full 57% of the respondents’
organisations are focusing on review and transformation of at least
one area TODAY and an even greater 77% of the respondents’
organisations plan to focus on one or more of these areas WITHIN 6
MONTHS.
The full report can be downloaded at
www.proactis.com/survey2016.
--ENDS--
About PROACTIS
PROACTIS is a global Spend Control and eProcurement solution
provider. Over 800 organisations across 90 countries use PROACTIS
software and services to transform their procurement,
purchase-to-pay and accounts payable processes to deliver greater
bottom-line value.
For further information, visit proactis.com.
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PROACTISSimon Dadswell+44 (0)1937
545070simon.dadswell@proactis.com
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