IT and procurement, as business functions, are going to have different definitions of success (obviously). CIOs may strive to achieve better data security or user adoption, while a CPO is more likely to focus on cost control and take-out. But they both recognize the value of digital transformation and agree on its primary benefits – operational efficiencies like automation of repetitive tasks, tighter compliance, resource optimization and lower maintenance – which undeniably favor both camps.
GEP brings you an intriguing new research study from CIO Magazine, Catalyzing Digital Business Transformation by Modernizing Procurement, focused on the benefits of new procurement technology. That is, in more simpler terms, the sure-shot advantages of adopting a cutting-edge e-procurement solution over an on-premise ERP system. It goes on to explain how cloud-native procurement software offers CIOs a prime opportunity to facilitate digital transformation of the enterprise, while simultaneously helping CPOs achieve their own pressing goals.
Read it today and harness the transformative potential of IT-procurement collaboration.