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How can eProcurement help get all branches on the same page?
eProcurement enables banks to see everything that’s being purchased at headquarters and branches and by whom, automate approval and payment processes, and enforce controls across the entire enterprise – ultimately resulting in significant savings by having everyone on the same page.
How does it work?
By automating the entire purchasing cycle, eProcurement replaces manual procedures with electronic processes that are much faster, more accurate, paperless, and completely visible from start to finish.
What this means for banks is no surprises – all spending and asset management information is captured in one easily accessible system, enabling
- More savings with aggregated spending and increased contract compliance
- Lower risk through enforcement of regulations like Sarbanes-Oxley
- Smarter buying with streamlined asset management and lifetime value comparisons
Join Matt Weider, Director of Financial Services for Verian, and Ravi Hanoomansigh, Head of Procurement at RBC Caribbean Bank, and Norris Jackman, Chief Procurement Officer at First Horizon National Corporation, to learn more about how eProcurement systems are helping banks improve productivity, mitigate risk, and save money and time.