Companies that digitise their processes are more successful.

Digital technologies can be used for the digitalisation of business processes, i.e. for process optimisation and process innovation. For this purpose, management approaches such as quality management, process management and technology management are closely linked to digitalisation projects.

The digitisation of any process within a business offers numerous competitive advantages such as reducing the stress placed on procurement managers and allowing them to focus their energy elsewhere as demonstrated by our client Gardner Denver’s global commodity manager: “We can reduce manual activities to a minimum so that we have more time for important tasks.”

Companies that invest in digitisation can realise their full potential.

Digitisation reduces manual workload and human errors while increasing reliability, enabling shorter processing times and reducing costs. Tasks can be completed more efficiently, reliably, and with greater foresight. The time gained can be used for other important activities. The strategic, creative and value-adding potential of your team can thus be fully unlocked.

In procurement departments, for instance, essential purchasing tasks are often neglected due to the large number of manual activities. Thanks to digital automation tools, buyers have more time for relationship maintenance, supplier evaluation and selection of suppliers.

Companies that build on digital and automated processes make more reliable business partners.

Data-based digital workflows allow for greater transparency. Automated processes based on digital technologies such as artificial intelligence, app technologies or software-as-a-service solutions enable more foresight towards unforeseen challenges or customer requirements.

In procurement, digital automation tools help to transform the buyer into a digital buyer. The three pillars of modern procurement are internal and external networking, production and value creation, and the establishment of new digital business models. Purchasing acts as a moderator at the interfaces to internal partners – such as controlling and accounting – and external partners – for example suppliers – and enables new significant contributions along the value chain. As a digital manager, the buyer 4.0 is establishing himself as a resilient business partner both inside and outside the company. In our blog article you can find more information on the modern buyer.

 Companies that use new technologies can act more efficiently and transparently and optimise their processes.

New technologies are drivers of digitalisation in companies. Digital automation tools such as artificial intelligence, robotic process automation and cloud computing support a modern and efficient working style.

AI and RPA digitise and automate repetitive, manual and error-prone processes. Find out in our blog post why AI in particular is suitable for automating processes and document flows in procurement.

Cloud solutions make your company more flexible, agile and future proof. SaaS solutions eliminate the need to purchase, install, maintain and update hardware and software. You can use your applications immediately. Cloud-based SaaS solutions stand for efficiency, cost-effectiveness and scalability. You can read more about the benefits of a SaaS solution for procurement in our blog article.

Companies that drive digital transformation now will remain competitive in the long run.

Digital transformation does not happen automatically – if you want your business to be future-proof and remain competitive in the age of Industry 4.0, you need to adapt your processes, approaches and business models. The future complexity of digitised business processes and the resulting volume of data require intelligent approaches. The digitisation of products and processes is also the prerequisite for the emergence and functioning of digital business models. Furthermore, good data quality is a mandatory prerequisite for the successful digitisation of business processes and models. Software solutions for the automation of business processes based on future-oriented technologies enable the increasingly important digital networking of corporate processes. This will allow your company to thrive in the future.

Conclusion

It is important to digitalise your company’s processes to ensure you are equipped to face unforeseen challenges and seize future opportunities quickly. Modernisation and optimisation lead to an increase in efficiency, cost reductions as well as flexibility and agility in a complex and challenging B2B world. These are just a few reasons why you should automate your business processes with the right software solution. It is advisable to start with certain departments, which can then be established as digitisation drivers in the company.

Start your digitisation project today so that you can be successful tomorrow!

Here you can find out why operational procurement is particularly suitable for this.