ProcurePulse July 2020

ProcurePulse July 2020 edition explores some useful articles published on leading websites in the past few weeks in the Source-to-pay domain, including Aavenir: Monthly Roundup.

Download this to learn:

  • Why Investing in Procurement Makes Organizations More Resilient?
  • Shaping sourcing and procurement post-COVID - Four key topics to Recover in July 2020
  • Crisis accelerates adoption of legal technology
  • Buying legal services and legal tech: When will YOU conquer the legal category?
  • Six ways we will have to re-negotiate cost post-crisis

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    ProcurePulse July 2020

    The Monthly Procurement Insights and Trends Roundup

    With a 32% estimated decrease in global trade volume compared to 2019, most CPOs feel procurement-related risks have also increased in the last few months.

    Traditional isolated source-to-pay operations limited procurement functions’ ability to assess and respond to COVID impact. Post-COVID, improving collaboration between sourcing, legal, finance, and operations over the digital platform will become vital in developing future-ready procurement functions. In this July edition of ProcurePulse, we have tried to cover some ways to pivot your procurement function for short-term survival along with long-term resilience.

    Around the Web

    Explore some useful articles published on leading websites in the past few weeks.

    Procurement Management

    Why Investing in Procurement Makes Organizations More Resilient?

    As companies focus less on efficiency and more on resilience, procurement becomes central to strategy. Read an

    HBR article on how can firms develop the resilience they’ll need to strategically and effectively meet this new challenge.

    Read Article

    Sourcing and Procurement Management

    Shaping sourcing and procurement post-COVID - Four key topics to Recover in July 2020

    A holistic view of sourcing and procurement risks and COVID-19 in context. Check out a brilliant article by Deloitte on six potential challenges impacting your ability to serve a changing market and a Respond, Recover, Thrive framework to response to them.

    Contract Management

    Crisis accelerates the adoption of legal technology

    The opportunity that presents itself is not whether law firms will change, but to what extent they can capitalize on the transition,

    Read Article

    Contract Management

    Buying legal services and legal tech: When will YOU conquer the legal category?

    It clearly pays to involve procurement for buying corporate legal services and legal technology. 17% of the total legal spend is what legal procurement professionals were able to save on average.

    Read Article

    Accounts Payable

    Six ways we will have to re-negotiate cost post-crisis

    This article looks at why and suggests six ‘old’ ways we could negotiate cost in the ‘new’ normal in the near future.

    Read Article

    Aavenir: Monthly Roundup

    Explore some useful articles published on leading websites in the past few weeks.

    Closing the Gap: Procurement and Accounts Payable

    Procurement-and-Accounts-Payable-Software-Application-for-ServiceNow

    Procurement-and-Accounts-Payable-Software-Application-for-ServiceNow

    Read Blog

    Why Enterprise Must Manage Contract Templates

    5-Reasons-Why-Enterprise-Must-Manage-Contract-Templates-using-CLM-Software-Benefits-Aavenir

    5-Reasons-Why-Enterprise-Must-Manage-Contract-Templates-using-CLM-Software-Benefits-Aavenir

    Read Blog

    What would you like to see in the next newsletter?

    We look forward to your feedback at contact@aavenir.com, which will allow us to add more relevant information in subsequent editions.

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