PROACTIS Survey Highlights Gap Between Finance & Procurement
November 01 2017 - 8:03AM
Business Wire
PROACTIS publishes the results of a survey
looking into how connected Procurement efforts are with Finance
PROACTIS, a global Spend Control and eProcurement solution
provider, today announced the results of a survey that questioned
senior decision-makers on how well Finance and Procurement work
together on delivering value from strategic procurement
initiatives, including supplier relationship management, sourcing
and contract management.
The survey highlighted that whilst key decision-makers at major
organisations across sectors are aware of strategic procurement and
there's a clear appetite for the benefits, many are failing to reap
the full potential.
In summary:
- Only 54% of CFOs work hand-in-hand with
Procurement
- Only 51% of CFOs support the enabling
of procurement technology
- Only 52% of Procurement teams have a
high influence over spend
- 45% of organisations are struggling to
properly manage suppliers
- 77% of organisations have room for
improvement
Download the full survey results at proactis.com/survey2017.
Simon Dadswell, Group Marketing Director at PROACTIS said:
"We've come a long way since departmental silos. It's great news
that more than half of the professionals we asked are witnessing
close cooperation between Finance and Procurement at the highest
level.
"But it is clear from the survey results that there is still
some way to go: 46% of organisations have yet to see full
engagement between department leaders. And that could hinder
progress of the fundamental improvements that are needed today.
"Joining forces with their Senior Procurement Manager to better
understand and leverage strategic procurement in conjunction with
their Spend Control initiatives may be one of the biggest things
that CFOs can do to positively impact their organisation’s bottom
line."
About PROACTIS
PROACTIS specialises in helping organisations take the waste out
of all their non-payroll spend to deliver greater bottom-line
value. We deliver technology solutions and associated services that
help them transform the way they buy and pay for all types of goods
and services to eliminate wasted time, money and talent throughout
the business.
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PROACTISSimon Dadswellsimon.dadswell@proactis.com+44 (0)1937
545070
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