For multinational, upper middle market (UMM) and enterprise companies, maintaining efficient Procure-to-Pay (P2P), Source-to-Settle (S2S), and supply chain processes is critical to sustaining business success and competitive advantage. Many companies try to accomplish this by replacing manual processes and increasing control over spend with P2P and S2S automation software. While this is the correct approach in general, when software is adopted without the right strategies and considerations, technology implementations can fail to achieve their full potential in terms of return on investment (ROI) and process improvements.
This whitepaper explores modern supplier data management trends among organizations, and highlights the use case and value of supplier master data management software. The whitepaper also includes examples of how companies have leveraged technology to correct and improve their supplier data management strategies.