>Digital procurement and the Intelligent Enterprise
By digitalizing procurement, businesses can address current challenges and stay future-proof. CPOs can expand their value proposition to include continuous improvement, becoming more agile and resilient, reducing global supplier footprint, and linking critical data and processes to external sources and third-party systems.
With SAP Business Technology Platform (SAP BTP), organizations can develop and deliver digital technologies to become Intelligent Enterprises. For CPOs to fully benefit from business intelligence, data in the source-to-pay IT landscape and business processes must be integrated. This comprehensive approach helps capture, manage, and govern data and provide integrated business processes to drive better business outcomes. Intelligent capabilities can then be used, such as machine learning and automation, to optimize processes and drive innovation. Also, new ways of consolidating, connecting, and accessing information can all be leveraged. Spend compliance can be built into every transaction.
More effective spend management can be delivered through technologies which transform procurement processes and make leading practices a reality at a practical level. SAP BTP can help fulfill the critical expectation among CPOs that the technology they adopt must be at least a 95% functional fit (SAP Benchmarking). Also, it uniquely provides a full suite of platform technologies to accelerate development and deployment with specialized capabilities. This is realized through data and analytics outcomes, integration enablement, and extensible and personalised application solutions:
> Enable profitable customer project delivery as part of your core finance transformation
> Tightly manage project resources as part of your total talent management strategy
> Deliver digital products and contract services through subscriptions, usage, and value-based contracts.
> Provide ongoing, efficient service management support