As we look toward the second half of 2020, finance teams are responding to market turmoil by trying to gain more control and more visibility of enterprise spend. Procurement’s role is a vital one: working hand-in-hand with internal stakeholders to allow the business to manage cost and spend and make fast decisions.
Procurement and finance now have a promising opportunity to jointly develop cost control measures instead of simply collaborating on P&L cost reduction impact. That opportunity has a name: Budget to Pay™, a technology-based, data-centric approach that extends the reach of the source-to-pay process, allowing CFOs to differentiate between “good” and “bad” costs with near-surgical precision.
This webinar will focus on the concept of Budget to Pay™ and use that to examine the traditional partnership between procurement and finance — how it can evolve beyond siloed process optimization programs to make true enterprise agility and impactful cost reduction a working reality.
Join this webinar to learn:
- Procurement’s role in introducing specific process enhancements to better support finance’s objectives during challenging market conditions
- How to harness the data that is most relevant to the CFO’s decision-making capability
- Where new intelligent technologies can be deployed to better support cost-related visibility and promote greater speed and flexibility