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Corporate Spend Control: A Large Untapped Opportunity to Improve your Bottom Line (Proactis)
Thursday, March 26, 2015, 11:00am - 12:00pm
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Corporate Spend Control represents a large, untapped opportunity with less than 20% of organizations fully utilizing its key disciplines.
With billions in annual profits lost due to inefficiencies and failures to institutionalize effective Spend Control practices, industry analysts cite the lack of Spend Control as a corporate epidemic in the commercial sector and raises questions of proper fiscal responsibility in the public sector.
Spend Control is fast becoming one of the best ROI stories in the entire technology industry. World-class performing organizations are generating three times more ROI at 20% lower processing costs compared with peer group performance.
In the past five years eProcurement technology has had a dramatic impact on corporate Spend Control, and the next five years will see the influence of technology accelerate. That will mean radical changes for the role of the Finance and Procurement department and the “Chief Spend Control Officer”. Executives will need to become much more focused on innovation and transformation, and less focused on just “automating process”.
This webinar will explore the core fundamentals driving Spend Control and eProcurement, catalysts driving adoption, key performance metrics, and the size of the change ahead. In particular, we will look at the ROI gap between the top 20% performing organizations and the bottom 30%.
Spend Control is fast becoming one of the best ROI stories in the entire technology industry. World-class performing organizations are generating three times more ROI at 20% lower processing costs compared with peer group performance.
In the past five years eProcurement technology has had a dramatic impact on corporate Spend Control, and the next five years will see the influence of technology accelerate. That will mean radical changes for the role of the Finance and Procurement department and the “Chief Spend Control Officer”. Executives will need to become much more focused on innovation and transformation, and less focused on just “automating process”.
This webinar will explore the core fundamentals driving Spend Control and eProcurement, catalysts driving adoption, key performance metrics, and the size of the change ahead. In particular, we will look at the ROI gap between the top 20% performing organizations and the bottom 30%.