Improve control over spend.
One of the many challenges for IT and procurement is to identify all areas of technology spend within their business. This is in part due to the complexity and number of vendors they must deal with, and the ease in which departments and users can purchase without the appropriate controls and governance. A majority of time and resource is spent on strategic software vendors where the largest costs are incurred, and rightly so.
Provide your users with a self-serve purchasing capability that is intuitive, integrated and customised to your business is a major first step:
A major benefit of an integrated digital procurement platform is the data it captures. Accessing that data through powerful on-demand reporting insight into your spend and software consumption:
Effective budget management
There is a balancing act between managing the day-to-day requirements with future investments to drive innovation. Knowing future obligations and requirements in advance increases effectiveness:
Digital innovation is a journey that can bring many benefits to an organisation and its customers. By having the right tools in place, purchasing efficiencies and governance are increased, providing the necessary information and insight for IT and procurement to make the best buying decisions for their business.