Dear {{lead.First Name:default=Subscriber}},

Managing procurement costs has become a trickier task as businesses look to navigate Brexit-related pressures, political shifts, and unpredictable market fluctuations.

For many global enterprises, driving growth and managing costs during this period of change can feel like an impossible task.

At the SAP Ariba Live conference in Amsterdam this week, a chief procurement officer survey report revealed that 83% of procurement professionals believe that digital transformation will be impactful, but only 5% of respondents have highly automated processes.

What’s more, the survey found that 83% of participants think that digital transformation will impact procurementsupply chain and finance more in 2018, than in 2017.

As finance professionals are increasingly under pressure to control and manage third party related costs – while also identifying opportunities for business development and managing risk – spend analytics can help treasurers by enabling visibility into corporate spending and providing actionable data.

Read more on how spend analytics can help to manage procurement costs here.

Kind regards,

Vicky Beckett

Editor, The Global Treasurer