How to Align Procurement + IT ?

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Presented by

Nick Heinzmann Associate Analyst, Spend Matters

About this talk

What is the future of procurement? The task of running a high-performing procurement organization is only getting harder. Both unexpected external challenges and rising internal expectations are setting new and higher targets for procurement to meet. So, what can organizations do to keep up, and what metrics can they look at to give them a “path” to continuous improvement? On the other hand, IT Leaders are trying to find a sweet spot where they can leverage their existing investments to an enterprise cloud platform for digitizing all the business processes. Aligning to enterprise IT strategy with business functions’ requirements is a key part that takes considerable resources, time, and money. Join us for this webinar to hear from Nick Heinzmann, Research Analyst at Spend Matters, who will talk about key factors that organizations should consider while selecting their next procurement technology solution for greater alignment with enterprise-wide IT strategies. Vikram Chakrabarty, Product Expert at Aavenir will explain how Aavenir source-to-pay solutions, built natively on ServiceNow, supports unified platform strategy for enterprise IT teams using ServiceNow as an enterprise cloud platform.

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Aavenir’s next-gen Source-to-Pay suite revolutionizes age-old procurement processes by using the latest Machine Learning and Natural Language Processing technologies to reduce cycle time, yet offering insightful best practices suggestions based on historical data. For example, Aavenir’s Contractflow - Contract Lifecycle Management (CLM) product solves the hardest text analytics problems for risk and obligation management while Invoiceflow - Accounts Payable (AP) automation product solves multi-vendor invoice data extraction and processing problems by harnessing the power of AI & ML technologies. Aavenir SaaS-based source-to-pay solutions are powered by the most advanced cloud-based ServiceNow platform that is delivering unified digital workflows to create great experiences and unlock productivity for approximately 5,400 enterprise customers worldwide, including Fortune 500 companies. We deliver the future of work! We know that the future of work is changing and we want to be at the forefront of it. Founded in 2019 by experts having more than 25 years of experience in the S2P industry, Aavenir is a start-up that’s growing fast and headquartered in the USA with an office in India. For more information, please visit www.aavenir.com.