Procurement is a vital function in the back office—and one that helps the business to function
properly. While manual procurement often leads to poor visibility, high maverick spend, and
delayed payments, automation software creates a streamlined process that enables the Chief
Procurement Officer (CPO) to control costs and make strategic sourcing decisions.
In the last few years, Levvel has noticed an interesting distinction emerge in the procurement
technology space between “computerization” and “automation.” Specifically, as organizations
have worked to improve their procurement processes with technology, many have computerized
their procurement, but few have truly automated it. For instance, “computerized” procurement
departments operate through a combination of Excel spreadsheets, outdated enterprise resource
planning (ERP) systems, supplier websites, and, in some cases, a simple approval workflow tool.
While these types of organizations may believe they’re handling procurement electronically,
they’re unable to realize anywhere near the same number of benefits as a truly automated
department. Rather, true automation entails shifting the entire procurement process to a singular
solution in which all tasks, tools, and data are centralized and optimized.
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