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The procurement function hasnt traditionally been seen as leading the way in technological advancement.
Most often it is sales and marketing that experiments and adopts emerging tech such as Generative AI.
Many even expected Gen AI to pass the department by without much impact.
So whats different this time?
Gen AI is providing enormous efficiency gains.
But organizations cant run before they can walk.
Instead, they need to ensure they have the right foundations in place by digitizing their procurement processes.
VP of Product at Ivalua.
This means taking a smarter approach to procurement, digitizing their processes from source to pay.
This includes building a solid foundation of data from the unification of multiple systems across an enterprise.
This allows Gen AI to have an immediate impact on organizations' efficiency and their decision making capabilities.
Think of Gen AI as having numerous assistants in various parts of the source-to-pay process.
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