As many CPOs in the Global 2000 have experienced, technology-driven procurement initiatives in the past decade have often proven to be far more costly and complex than anticipated.
The typical procurement department simply does not have enough resources to manage all of the enterprise’s spend. Some departments have mandates to keep their group as-is, while others struggle to recruit additional resources with the right procurement experience.
As a result, supplier performance, contract and policy compliance, and spend leakage are nearly impossible to monitor thoroughly, let alone control. Executive management has little visibility into total spend, and costs continue to creep upwards.
You can alleviate this situation through Provade Managed Services, a comprehensive procurement solution that augments your internal procurement department and helps you manage more spend with the same resources. Provade Managed Services combines an experienced team, integral best-practices, and leading-edge technology to manage a wide range of spend categories.
Provade Managed Services utilizes the Oracle-based Provade Category Spend Manager platform, which integrates natively with core Oracle and PeopleSoft ERP applications. Learn more about Provade CSM.
For more information about Provade Managed Services, please download the datasheet.
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us to learn more about how you can benefit from Provade's managed services for enterprise procurement.
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