Stop shadow spend in its tracks with improved data visibility

For all the wisdom associated with the classic management trio of people, process, and technology, procurement needs one additional ingredient to be successful: data. It is quality data that powers technology, drives processes, and empowers people to generate the greatest possible return from their efforts.

Procurement often talks about visibility and transparency. Data turns abstract goals into actionable insight. In categories where it is easy for distributed buyers to act independently – like cloud software for instance – visibility also provides procurement with opportunities for improved savings leverage and the centralized oversight required to stop "shadow spend" (or "maverick spend") in its tracks.

In this AOP Live session, Art of Procurement’s Philip Ideson will be joined by Emily Campbell, Director of Design and Research at Vendr, and Nick Pinkman, Sr. Cloud Manager at Vendr.

As they have seen firsthand, having greater visibility makes it possible for procurement to negotiate maximum savings while making sure the company has what it needs to operate competitively in a digital world.

Emily and Nick will share their perspectives and answer live questions about:
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• The importance of centralizing workflows for managing spend and headcount
• Different types of cloud savings procurement should pursue during contract negotiations
• What data procurement should have in hand before entering a cloud softwarenegotiation

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