In uncertain times, midmarket enterprises need tailored supply chain and procurement tools that integrate structured and unstructured data, along with historical and forecast data, to control financial business performance in real time and drive future growth. These tools can help CFOs and CPOs manage spend and purchasing effectively, despite limited resources and balancing growth and profitability. Productivity and efficiency gaps, such as lack of manpower, inadequate tools, and inefficient processes, drive the need for technology adoption. Source-to-pay (S2P) platforms are one example of agile supply chain and procurement solutions that can positively affect the bottom line. Midmarket companies may have used basic or limited solutions or a set of legacy tools and processes before, but turbulent times may require them to adopt more advanced technology to adapt to inflationary environments and broad economic shifts.
