PayStream Advisors Announces the Publication of 2018 Procurement Insight Report
CHARLOTTE, N.C. (PRWEB) July 31, 2018 -- This publication falls under the umbrella of PayStream’s “Insight” reports, which take a holistic approach to exploring back-office management and automation trends.
The purpose of the report is to explore the current state of procurement management for organizations operating under different procurement automation methods and tools (e.g. under completely manual processes vs. with ERP-based procurement automation tools). “We’ve found that many organizations know the importance of properly controlling spend, but that a lot of them are continuing to leverage outdated, inefficient technology, like homegrown software systems,” said Anna Barnett, Lead Research Analyst at PayStream. “We want to highlight the effects of poor spend management on an organization’s bottom line, and how much improvement and value there is to gain by using a modern, cloud-based electronic procurement solution.”
The report includes survey results from over 400 businesses from a variety of industries and revenue segments. It explores trends across procurement management, including the effects of manual procurement and electronic procurement (eProcurement) adoption rates and barriers to adoption. It also takes a deep dive into the actual monetary benefits of procurement automation by exploring the total cost of processing purchase orders based on the level of automation within an organization.
PayStream’s report profiles seven procurement automation solutions including those offered by Aquiire, AvidXchange, Coupa, Determine, GEP, Paramount WorkPlace, and Unimarket. To access the survey data and read PayStream’s independent analysis, download the full 2018 Procurement Insight report from the Resources section at http://paystreamadvisors.com.
About PayStream Advisors
PayStream Advisors is a research and advisory firm focused on business process automation in sourcing, supply chain management, procurement, accounts payable, payments, and expense management. PayStream’s team of experts provide targeted research and consulting services to address the changing needs of finance and procurement professionals. In short, PayStream is dedicated to maximizing returns and minimizing risks associated with technology investment. PayStream’s research reports, white papers, webinars, and tools are available free of charge at http://www.paystreamadvisors.com. PayStream Advisors is a division of Levvel, an IT consulting firm specializing in technology strategy, design, architecture, and DevOps.
Michael Aprile, PayStream Advisors, https://www.levvel.io, +1 (980) 318-7242, [email protected]
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