Modernizing Procurement Processes

CFOs Say Procurement System Modernization Avoids Supply Chain Failures Enterprise firms learned a valuable lesson at the start of the pandemic: Legacy procurement systems must be upgraded. In “Digital Payments: Modernizing Procurement Processes,” a collaboration with Corcentric, 500 CFOs across four industries share their procurement pain points and plans to modernize them in order to avoid future supply chain disruption.
Inside the March Playbook
  • 44%: Portion of manufacturers planning to make investments in procurement processes
  • 31%: Share of retailers already investing in digital procurement technologies
  • 18%: Portion of finance and insurance CFOs saying cost reduction is the top reason for investing in digital procurement technologies

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    Corcentric Business Payments Digitization Report Series

    Expanding the Payments Palette
    Changing Economy Sparks New Priorities for Systems Spending
    Investing in Payments Systems for the Digital Economy
    Retailers, Manufacturers Seek Better Workflows
    Digitization Strategies: How CFOs Are Prioritizing Digital Payments To Maximize Efficiency
    The Fast Track to Payments Systems Upgrades
    Business Payments Digitization: How Financial And Healthcare CFOs Build Healthier Balance Sheets
    Business Payments Digitization: Large Companies Set The Pace
    Business Payments Digitization: A Path To A Better Balance Sheet