About the event
CPOs and CIOs want to bring services spend under management and are in search for platforms/solutions that can manage 100% of their organization’s services procurement by keeping in mind the facts mentioned below:
- Services spend constitutes a major portion of the indirect spend in the organizations. It represents half of all business and government purchases in the US and 80% or more in services industries
- Suboptimal and non-standardized processes results in savings leakage, low contract compliance and high maverick spend in services procurement
- Most of the services procurement solutions in the market today primarily cover contingent staff management and complex SOW services procurement
- The value obtained in effectively managing the complete services procurement is manifold
- Addressing broader services procurement through innovations in VMS technology, catalog and off-catalog based services
- Improve efficiency through automation – by enabling robotic process automation, data driven automation and cognitive procurement
