TECHNOLOGY
implementation and is more than likely to create value on its first day on the pitch! Don’t get me wrong, Suppeco’s an open API pin cushion! It plays well and is complimentary of its neighbours across the landscape. But it’s also a turnkey solution and a great candidate for what’s best about democratised software.” Tai Alegbe, CEO and Co-Founder of Contingent “We’re seeing the top teams adopt technology that helps them become more proactive, easing the burden with real-time and relevant insights across their entire supply chain. The delivery of these insights at the right time, so teams can make the right strategic choices, is what enables Procurement to fulfil its strategic role in driving the business forward. The value to the business is huge, with Procurement able to negotiate better, source more effectively, reduce risk, identify opportunities and meet the myriad of regulations. We know from working with our customers that simplicity is everything when it comes to technology, especially when navigating legacy systems and processes. That’s why we believe in equipping teams with simple to use, lightweight technology that plays nicely with existing tools and furthers collaboration across the whole business. Jennifer Bisceglie, Founder and CEO of Interos “While the ‘single platform’ approach to procurement digital transformation has its appeal, I’m a believer in the need for bestof-breed technology. Single-platform approaches that claim to integrate everything from contracts to supplier management are not always best-suited to deliver on digital 96
September 2021
transformation and the integration of data from disparate systems, primarily because of their reliance on point-in-time, manual processes. “Digital transformation in procurement is driven by the need for efficiency, speed, better decision making, cost optimisation and risk reduction. These benefits are better delivered by advanced, best-of-breed technology that gathers more data, processes that data intelligently via AI, NLP [Natural Language Processing] and Machine Learning, and provides actionable intelligence and insight. This empowers procurement teams to become trusted advisors to the business.