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How to Elevate Role of Procurement in Your Enterprise by Chris Salis

 A renowned name in Startup Consultancy and Business Strategy, Chris Salis has immense experience and great accomplishments in his career that speak volumes about him. His financial expertise has helped many businessmen across to grow exponentially. Chris Salis, an SAP expert, has experience in procurement as well. 

Procurement is an area of the enterprise that is full-grown for innovation and mature user of technology. As these processes mature, the technology to automate procure-to-pay and collect the spend data has been there for quite a time. Most organizations have chosen the immature fruit. If they haven't, the technology is available for all sizes, which can implement it and streamline its procurement policies and process quickly. The innovation needs to be applied to the more strategic processes. 

According to Chris Salis, a factor that always steers procurement technology adoption is that it offers provable ROI. Any company can implement the technology and produce measurable real revenue on investment by understanding and capturing the company's spending before and after the usage of the technology. 

The various procurement organizations have to ensure that the company is purchasing against its optimizing prices and contracts properly to drive such ROI. Thus, the procurement technology may get approved during tighter IT spending times, whereas the other requests get denied. The market is currently unique as top-growth initiatives and bottom-line savings are going a mile in a minute. The downswing has raised procurement to visibility level in the company while managing costs have become the priority. However, the current pace of global innovation is fast as it's ever been at the same time. Procurement is viewed increasingly as a partner in that innovation.

Strengthening the effective spend analytic tools can entitle an organization to deliver the board-level results discussed. The most advanced spend analytics enable the procurement enterprise to achieve what used to need a group of consultants. 

Chris Salis said that SAP offered technology to rationalize the company's supply base around the business units to offer visibility into how much the organization is spending with suppliers worldwide. The new SAP solution allows the procurement to handle its data internally via a user-friendly interface. In addition, it enables the users to slice the data in various ways. 

The SAP ecosystem supports the entire procurement process. The investments bring a holistic set together to support the needs of the procurement organization. Besides, the enterprises that already have a strong backbone of SAO can benefit from the solutions with the SAP system. 

ChrisSalis as an SAP expert, has offered a lot to the corporate world and still has much more to give. 

 

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