ProcureTECH ‘25

The strategic drivers for investing in eProcurement technology and digital transformation have broadened enormously since the pandemic ended and business began to reinvest in an environment that has changed markedly – this event will address many of these drivers from a supply-side technology perspective.

Providers got the message that technology often let procurement down during Covid and they have been working hard to fix this and align to new needs including:

• Streamlining the USER experience & bring options to USERS to buy
• Reducing corporate risk yet increasing corporate compliance
• Building new functionality to enable ESG decision making
• Improving inbound supply chain visibility
• Incorporating A.I. capability
• Enhancing USER experiences

Ultimately, too, procurement has to get better at making its business case. As Gartner revealed at ProcureTECH’23, some 49% of business cases for new software for procurement fail completely, 34% are amended/reduced, and just 17% are approved as presented. Why?

Moreover, procurement workload is rising – by over 20% in two years since January 2023 says The Hackett Group survey – yet procurement FTEs rising at only 3 or 4%, this 8% workload gap is set to be filled by eProcurement technology;  But how?