When bots do the buying

Procurement at half the cost

As-a-service is hitting the buyer’s suite.

A global energy company recently saved $2.5M annually by automating more than 100 procurement, finance and accounting processes, resulting in a 67 percent decrease in manual average handling time.

By seamlessly integrating automation, the company was able to dramatically speed up activities such as invoice processing, with increasing data accuracy as an added bonus.1

While automation is just one component of the larger as-a-service procurement picture, this energy company’s experience highlights the benefits of automating Procurement’s non-strategic activities, freeing time to shift focus from cost optimization alone to strategic ecosystem management and creating value.

Procurement teams, saddled for years with outdated systems and capabilities, can now leverage digital as- a-service models to fast-track strategic performance. As digital business services mature in the near term, subscribing to bot-enabled procurement can alleviate buyers’ transactional loads, freeing them for more strategic pursuits—and funds for reinvestment in a more innovative Procurement function.

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