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Every CFO is concerned with conserving cash, reducing costs and increasing productivity in these uncertain times, but lack the SaaS applications that enable them to do so easily. However, there is now one more option available for every business looking to cut costs– digital procurement, and thanks to modern, cost-effective technologies such as AI and machine learning, every business of every size will benefit.

In the past, the benefits of digital procurement were limited to organizations with high levels of spend, simply because it took too much time and resource to capture, collate and generate the relevant spend analytics required to execute a competitive tender. But now businesses of all sizes can leverage digital procurement to cut business costs and achieve better buying, regardless of how much they spend.