December 11, 2018 2:00PM
Discover the ROI of eProcurement
There are lots of ways organizations lose money throughout the sourcing, procurement, and payment process. Some of these include maverick spend, off-contract or out-of-budget purchasing, and high processing costs due to manual, paper-based methods. Fortunately, many of these costs are avoidable and significant savings can be realized by deploying the proper tools, such as electronic sourcing, procurement, and payment software. However, just as things like maverick spend are difficult to gauge, it can be tricky to predict the savings you can drive through automation. Join Levvel Research and Source-to-Settle solution provider, Unimarket, as we explore how the New Jersey Institute of Technology calculated its targeted sourcing, procurement, and payment cost savings and how this higher education institution plans to measure its ROI. This webinar will explore current trends around procurement processing and the costs of manual processes. It will provide usable, take-home ROI calculator tools and strategies to help attendees measure the many benefits of automation. It will also explore ways of using these findings to gain executive buy-in for technology investment.