The digitization of the procure-to-pay process has landed troves of data in the laps of the enterprise. Now, the trick is knowing what to do with it.
As procurement has gone digital, supply chains have gone global and B2B trade is now exposing businesses to more risk than ever before. The data about suppliers and supply chains now at companies’ fingertips can help mitigate those risks and boost profits, said Jaggaer’s Zia Zahiri, chief technology officer (CTO), and Raj Aggarwal, product marketing manager for eProcurement and accounts payable.