Streamlining Procurement: The Power of Integrating Direct and Indirect Spend
KPMG unifies spend management on a single Coupa platform to enhance business resiliency
Empowering Your Business: How Combining Direct and Indirect Spend Creates Agility
Is your procurement strategy future-proof? The world of procurement and finance is evolving rapidly, and the importance of unifying direct and indirect spend has never been clearer. Discover how integrating these two critical areas on a single platform can create agility, boost resiliency, and drive substantial business growth with KPMG LLP and Coupa.
Why Integration Matters
For years, organizations have grappled with disparate systems for direct and indirect spend. Traditional ERP systems offered visibility but lacked user-friendly interfaces and comprehensive source-to-pay functionality. Modern eProcurement solutions like Coupa are changing the game by bringing all spend data into a single, cloud-based platform.
Challenges in Direct Spend Management
Direct spend directly impacts your bottom line and your production processes. A delay in indirect spend might mean an unkempt lawn, but a delay in direct spend can halt entire production lines. The challenges include:
- Material Shortages: More than 80% of supply chain executives reported significant disruptions, mainly due to material shortages and inflationary pressures.
- Communication Gaps: Ineffective communication with suppliers can lead to delays and misunderstandings.
- Fragmented Processes: Different portals and processes for direct and indirect spend can confuse suppliers and employees alike.
The KPMG & Coupa Advantage
KPMG and Coupa combine their expertise in consulting and cutting-edge technology to deliver an integrated, cohesive solution for modern procurement needs. Here’s how our unified approach can benefit your organization:
- Improved Visibility: Gain broad visibility into your supply chain, reducing risks associated with material shortages and unforeseen delays.
- Enhanced Collaboration: Foster better collaboration with suppliers through real-time updates and efficient communication.
- Optimized Inventory Management: Utilize predictive analytics to manage inventory levels efficiently and reduce redundant spend.
Interested in learning more? Download this whitepaper to explore how integrating direct and indirect spend through KPMG and Coupa can empower your business to thrive in today’s dynamic environment.
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Empowering your suppliers and your business: How combining direct and indirect spend creates agility
KPMG unifies spend management on a single Coupa platform to enhance business resiliency
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