For decades, procurement solution vendors have promised to digitize processes and revolutionize procurement. These “digital procurement” platforms claimed to bring a transformation to the procurement function. But in most cases, software only converted existing processes to computers without reducing the manpower required to execute them. Today, these decades-old promises are finally starting to be realized in modern source-to-pay platforms, but only for some individuals.
It will likely be 2025 before network-enabled, truly autonomous intelligent platforms become a reality, but it’s crucial for organizations to start preparing today. Only teams that start today can even hope to reach autonomous procurement in five years.
Written by Michael Lamoureux, in this Spend Matters white paper you will learn:
Gain a comprehensive understanding of what the future of procurement will bring. See why it’s essential to start your team on the road to autonomy today. Download the free white paper now!