Reaching New Heights: The Dividends of Collaboration between Finance and Procurement

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CFO Research Services* surveyed 263 senior finance executives in North America, Europe, and Asia about their changing view of procurement and its role in the organization. Their views might be summed up by one respondent:

“In the old days, procurement was really associated with people who were out buying stuff. Today, if you are doing it right, it’s much more of a strategic tool that’s a part of your arsenal of creating competitive advantage.”

So, what does ‘doing it right’ mean? To find out, download this complimentary report. You’ll learn:

  1. The most significant transformation that has occurred in procurement over the past three years
  2. The key differentiator that leads many senior finance executive to believe there is great opportunity for procurement to contribute to high-value activities
  3. The specific process change and key enabler needed to help procurement become a stronger contributor
  4. The specific organization strategy that can weave a tighter working relationship between Procurement and Finance
  5. What Finance and Procurement must do to together to achieve common goals of better management of inventory levels, working capital, and cash flow

If you’re in Finance, read this for the strategic opportunities your peers see in Procurement. If you’re in Procurement, read this to find out what your company’s finance execs are talking about.

* CFO Research Services is the sponsored research group within CFO Publishing LLC, which produces CFO magazine, CFO Conferences, and CFO.com.
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