although the starting points in history for the CFO and CPO were very different, their paths are converging around a common set of financial and business goals and objectives.
Mechanicsburg, PA (Vocus/PRWEB) February 24, 2011
Puridiom, a leading eProcurement (Supply Management) solution provider, focused on driving efficiencies and effectiveness within procurement and finance departments at Global 2000 companies, announced today that it has sponsored The CFO and The CPO: One World, Two Worldviews the latest research report from Ardent Partners’ Chief Research Officer, Andrew Bartolini. The report reveals the evolving relationship of the Chief Finance Officer (CFO) and Chief Procurement Officer (CPO) in today’s corporate world and offers recommendations for organizations to build a strong and productive relationship.
The report also found that CFOs and CPOs often travel parallel paths and strive for common goals, but measure performance in different ways. To achieve operational excellence within procurement and finance, the CFO and CPO must exercise a healthy interdepartmental partnership and achieve alignment on how they measure savings, cash management and procurement performance.
“Now, more than ever, it is important that the CFO and CPO work together along the same path, aligning goals and avoiding conflicts because of different viewpoints,” says Jesus Ramos, Puridiom CEO. “There is a huge opportunity to achieve peak performance and savings through partnership and communication.”
“The CFO and CPO transformations are each a relatively recent phenomenon of executive leaders and their departments actively seeking responsibility, influence and accountability,” said Bartolini. “And, although the starting points in history for the CFO and CPO were very different, their paths are converging around a common set of financial and business goals and objectives.”
Since its first eProcurement deployment, Puridiom has understood the critical importance of successful CPO/CPO collaborations. During every eProcurement deployment, Puridiom provides a series of detailed strategies to meet the client company's objectives and ensure successful outcomes.
Puridiom is pleased to offer a complimentary copy of Ardent’s report.
Puridiom is the most comprehensive Procure-to-Pay solution provider to offer Cloud and Licensed platforms for organizations of all sizes and industries. For over 28 years, Puridiom has streamlined function in the supply chain with innovative technologies, providing dynamic personalized services and extensive domain experience. The easy-to-use software and team strategies enable organizations to gain a competitive position and transform business into a strategic resource savings solution. Solutions include: Enterprise Procure-to-Pay, Puridom Xpress, Strategic Sourcing, Catalog Content Management, Supplier Enablement, Invoice Automation, AP Outsourcing, and Travel Management. E-Procurement consulting services are also provided.
About Ardent Partners
Ardent Partners is a Boston based research and advisory firm focused on defining, advancing, and promoting the supply management strategies, processes, and technologies that drive business value and accelerate organizational transformation within the enterprise. Ardent’s research helps business decision-makers understand the technology landscape and identify the best-fit solution(s) for their specific needs. For more information go to the Ardent Partners' website. or register for access to Ardent’s research .