There has been an explosion of start-ups and investment interest in the digital procurement space over the last few years.
As companies with new and diverse perspectives tackle shared problems in unique ways, the type and variety of ‘best of breed’ options available in the ecosystem broadens as well.
Listen to this episode of the Art of Procurement Podcast where Philip Ideson was joined by Jack Freeman, a Partner at PeakSpan Capital, to talk about the tech trends he is seeing – and how lasting he thinks they will be.
- the pace of change within procurement, and how well that matches the pace of change in enterprises and markets
- the battle to be the ‘single source of truth’ playing out
- how today’s technology is pushing processes to adapt, and improving the user and supplier experience in the process.
“The ability to harness the power of data at scale has transformed the entire technology industry over the last ten years. Procurement is not excluded from that. Purchasing data, spend data, supplier data – all of this data, it’s the most obvious trend ever slapping us all in the face, but it’s still not where it should be, in my view,” Jack says.