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I was speaking to a former colleague recently, who is a very experienced Procurement executive, and we were talking about the adoption of Procurement technology, and more broadly, lack of compliance to Procurement processes in most organizations – and what’s behind it.

It's more crucial than ever for procurement professionals to have complete visibility and control over their spend. World-class procurement organizations claim to Spend Under Management of up to 96%. The more SUM, the greater the Procurement organization’s influence, and the higher the likelihood of an increased budget to run the operation.

But what does spend have ...