Principal, Procurement and Outsourcing Advisory Practice Leader, KPMG U.S.
What if you could improve your company's overall procurement process and cut costs, all without hiring new staff or making major IT investment?
The procurement function has a number of time-consuming, manual processes that are ideally suited for bots created with robotic process automation (RPA) technology. These include contract management, category management, third-party risk management, and supplier relationship management.
Bots aren't the human-like machines of science fiction. As HfS research aptly describes them, they are sophisticated software that lays on top of an organization's IT systems to manipulate existing application software in the same way that a person today processes a transaction or completes a process.
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