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Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

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What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

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Transforming the source-to-pay lifecycle

Enhancing alignment across finance and procurement to build better value across the enterprise

In the challenging climate of corporate finance, Chief Financial Officers (CFOs) are recognizing the pivotal role played by Chief Procurement Officers (CPOs) in transforming procurement operations with an eye to increasing company value. It’s about more than just dotting lines in an organization chart. It's a strategic collaboration that holds the key to optimizing spend management, reducing costs, enhancing supplier relationships, and mitigating financial risks.

Today’s procurement strategies must be much more focused on the employee and supplier experience to achieve value. The most successful companies that exist in the world today win over their customers with top notch design focused on the user experience.

For Finance and Procurement to truly work in harmony, they need technology that integrates with source systems to support the entire source-to-pay process. With alignment, finance and procurement can be a formidable force for change within organizations. Together, they are able to address diverse business needs, including cost reduction for increased profit margins, supply chain resilience through diversification, and effective management of commercial risks through favorable supplier terms.

Employees and suppliers need more connected and automated source to pay processes for their teams. Fortunately, modern digital technology, such as ServiceNow, can enable collaboration between functions, reduce end to end cycle time, and provide a game-changing user experience.

Dive into our thinking:

Why CFOs and CPOs should work together

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