Leading Firms Progress Towards Paperless Procurement
Today, procurement plays an increasingly strategic role in every company. From RFPs and MSAs to supplier contracts and financing agreements, Procurement is responsible for the way organizations manage suppliers. Unfortunately, however, inefficient paper-based processes can tarnish the department’s reputation by generating excessive costs, unsatisfactory service levels and frustrating delays. A recent commissioned survey,* The State of Systems of Agreement, 2019, conducted by Forrester Consulting on behalf of DocuSign, found that almost half (46%) of respondents’ companies had experienced postponements in starting projects as a result of inefficient agreement processes in the past year, while 42% had experienced delays in recognizing revenue. At DocuSign, we know from our clients that modernizing agreement processes is key to achieving business priorities. That’s why procurement leaders are using technology to achieve greater efficiencies, secure the best products and services, and improve vendor relationships.