This report highlights the importance of procurement in unlocking value for private equity firms. By leveraging source-to-pay technology across their portfolio companies, PE firms can identify cost savings opportunities and drive top-line growth through supplier-driven innovation. The increased involvement of portfolio teams in operational aspects of acquired companies is also contributing to this shift towards value creation. However, the success of this approach depends on the maturity of the portfolio company's procurement organization. By consistently implementing best-in-class procurement practices and leveraging the supply base, PE firms can create strategic synergies and unlock significant value.