Infographic
Digitizing the
Procurement Process
A growing number of CFOs recognized the vulnerability of the supply chain during the pandemic and understand that, in order to mitigate future disruption, procurement processes need to be upgraded and digitized.
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What the infographic covers:
Our PYMNTS.com playbook, Digital Payments: Modernizing Procurement Processes, surveyed leading CFOs in retail, manufacturing, healthcare, and finance and insurance to measure where they stand when it comes to investing in digital technology for procurement and payments. The playbook measured why companies in different industries are investing in digital procurement technology and which procurement functions are getting the most investment.
The infographic shows:
- Retail and manufacturing are currently investing the most in digital procurement systems
- All industries name modernizing business processes as their main reason for investment
- Logistics and supply chain management get the largest share of investment
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