The report discusses the importance of digital procurement transformation for procurement functions and organizations. It highlights the challenges of using outdated processes and technologies, which can lead to inefficiencies, fraud, and damage to reputation. The report suggests that CPOs should embrace emerging technologies such as unified source-to-pay software, artificial intelligence, big-data analytics, and mobile, cloud-connected solutions to transform their procurement processes and demonstrate their value to the wider enterprise. The report concludes that by avoiding the trap of digitizing an unsatisfactory status quo, CPOs can solve problems with new thinking and deliver significant improvements in performance.
