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Join our illustrious panelists Achraf Talhaoui-Managing Partner, Qando, and Thomas Bioud- Regional Business Director, Zycus on 29th June, 2021 at 2 PM CEST to capture great insights on the following topics and much more:
- How fact-based decision making in Procure-to-Pay cycle gives you competitive advantage
- What ROI should be expected in deploying Procure-to-Pay automation, what is the benefit of AI over other solutions that use OCR and rules engines?
- How smart procurement solutions have made gathering facts before procurement decision making a quick and efficient process
Let’s begin with an analogy from television crime dramas. Fans of the genre would know that many of TV’s favourite detectives solve crimes by relying on their “gut feeling”; a “hunch” or their brilliant instincts. This “a-ha” moment makes for great viewing, but we know that in real life, crimes are solved based on hard facts. Criminal cases are built piece-by-piece, backed up by exhaustive research and forensic science.
Once upon a time in procurement, a Chief Procurement Officer (CPO) may have been able to make decisions by relying on their instinct; after all, instinct is simply the product of years of distilled experience. But today, in the age of Big Data, fact-based decision making is recognized as a source of competitive advantage.Essentially, it comes down to risk-management: CPOs can no longer afford to risk relying on their instincts or guesswork. They need reliable facts (data) on which to base their decisions and have confidence in the actions they’ve taken. Join our experts in this webinar who’ll share a comprehensive business case on strategizing decision making in procure-to-pay.