| | December 20166CIOReviewWithin the realm of supply chain, it is not only imperative for organizations today to imbibe the changes into their operations but also assess the right approach to foster productivity, letting go off the unnecessary change. For instance, the adoption of cloud-centric and customized platforms for procurement has brought down the frustration of procurement and supply chain managers throughout the purchase to pay (P2P) processes. But for the millennial companies that expect functionalities beyond earlier generations of procurement software, solutions that help adapt and leverage the combined power of social, mobile, analytics and cloud technology is a de-facto standard in the procurement continuum.Meanwhile, the benefits of standardized and easy-to-use procurement software has weaved a new trend across the global procurement software market, where enterprises--regardless of their size--are actively investing in applications that ameliorate, automate, and consolidate purchasing process, as opposed to recruiting procurement professionals. These technology-driven practices are capacitating firms to control costs, avoid redundant practices, link procurement and purchase data to financial and accounting systems and automate generation of reports and purchase order receipts. Further, the sift movement to the cloud, higher adoption of mobile computing, and extensive usage of business intelligence tools in procurement software stand as a strong proof of the growth prospects for supply chain companies. These tools guarantee both change and growth, through digitally enabled workforce, insight-driven business decision making, and pervasive, smart process automation.Further, the available tools and software for procurement, besides guaranteeing transparency across the supply chain loop with real-time information on procurement transactions, are future-proofing the companies to easily adhere to the upcoming revolutions. Apropos to the growing scope and influence of procurement software to the key stakeholders in shaping purchase and supply chain policies, we present the insights and thought leadership of the 20 most promising procurement solutions providers 2016.Write to us your thoughts.Copyright © 2016 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewDECEMBER - 09 - 2016Mailing AddressCIOReview44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510.402.1463, F:510-894-8405 DECEMBER - 09 - 2016, Vol 05 SE 123 Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com PROCUREMENT SPECIALCIOReviewEditorial StaffSalesT: 510-565-7560Aaron Pierce Alex D'Souza Ambili Sasidharan Frank NoelJem ElizabethJoshua ParkerAlena D'Souza alena@cioreview.comVisualizersMatt RyderChetan NManaging EditorJeevan GeorgeEditorialFuture-proofing Procurement Practices Jeevan George Managing Editoreditor@cioreview.com
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