From Paper to Platform: Long term-Evidence Your Procurement Crew With Virtual Transformation

In an eye-opening survey through PwC, international procurement execs have spoken on the subject of their virtual transformation tasks. By way of 2025, procurement departments have a mean goal of 72% digitalisation, with potency, transparency, traceability, and price financial savings as a few of their major drivers. Procure-to-Pay (P2P) has additionally benefited essentially the most from the virtual transformation of any procurement procedure, forward of spaces like spend research and provider control. This can be as a result of contemporary studies cite that virtual procurement can cut back processing prices through as much as 50% and build up potency through 60%.