The Evolution of Intake Management and Procurement Process Orchestration
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The Evolution of Intake Management and Procurement Process Orchestration
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ABOUT THIS REPORT
For years, procurement organizations have struggled to increase the amount of spend they manage and expand their influence across the enterprise. Despite sizable investments in their core technology, procurement teams, on average, manage roughly 65% of all spend, leaving the business exposed to many potential risks and higher costs from the unmanaged portion.
To help mitigate these concerns and others, intake management and procurement process orchestration (“IM&PPO”) solutions have emerged and advanced quickly in the market, offering an immediate enhancement to existing procurement technology infrastructure (ERP, P2P, supplier management, contracts, etc.). By providing a standard, user-friendly interface that operates as the “front door” to the procurement operation, these solutions are able to centralize and automate any type of procurement request and guide requesters through an easy-to-follow process that accurately captures the information procurement will need to take action.
The early impact and longer-term potential of these solutions has generated strong interest from procurement teams and created an entirely new segment of solutions. As the IM&PPO solutions market evolves, some best-of-breed providers are expanding the scope of their offerings to include Source-to-Pay (“S2P”) capabilities, potentially delivering a full suite within the next few years. Simultaneously, established S2P suite providers are building out new IM&PPO modules. This presents procurement organizations with different options in how and when to deploy IM&PPO technology.
This report discusses the evolution of the IM&PPO solution market, the different offerings available today, and the top strategies to optimize this technology’s impact on a procurement organization.
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