32% of finance and accounting professionals say it takes 3 weeks or longer to secure approval for new purchase requests.Nearly half of businesses require 6 or more cross-functional approvals for a new software or vendor purchase.Without an intake-to-procure solution, many businesses have a less-than-ideal employee experience for purchasing: When cross-functional approvals come into the mix, the problem gets even hairier. But these systems often come with usability and adoption challenges, especially for procurement stakeholders. Many procurement organizations today already have systems such as procure-to-pay or contract lifecycle management in place to handle purchase requests. ‍ Why Businesses Need Intake-to-Procure Solutions Automating the procurement intake process enables all employees to compliantly add vendors and see their requests through to final approval, all while managing risk. Before intake-to-procure solutions, procurement was a slow and choppy process.

With intake-to-procure, companies can see through their procurement processes from start to finish.įinance and procurement departments are stretched thin, and now more than ever, all employees need to be able to view, monitor and approve purchase requests without relying on manual methods like email or Excel. It’s a one-stop shop for all teams, enabling collaborative, cross-functional approval processes for procurement, IT, controllers, security, legal, and executive teams. Intake-to-procure solutions provide a centralized interface for all stakeholders to request, approve, and collaborate on procurement processes. For those who have a headache just thinking about it, intake-to-procure technology might be the solution you’re looking for. Between supplier onboarding risk, procurement policy compliance, and rogue spend control, there are a lot of pitfalls finance and procurement departments need to consider. In fact, the process can be a lot more stressful than one might imagine. Procurement intake is much more than just helping employees get the goods and services a company needs.

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