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Focusing on Contracts, Balancing Performance, Innovation, and Unlocking Value Through Data

Focusing on Contracts Balancing Performance Innovation and Unlocking Value Through Data2

The survey data in this report shows a keen interest in reimaging sourcing processes: 60% of the procurement leaders surveyed say increasing innovation was a critical goal in the next 12 months – included reimagining the role of contracts in their operations through digital transformation. As we see on Page 9, these digitalisation efforts range from getting serious about using contracts as a risk management tool in light of the COVID-19 crisis, to bringing vendor and contract management onto a single platform for a more impactful source-to-contract workflow.

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