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Finance and accounting (F&A) are critical to the operational eciency and strategic decision-making of any business. The advent of artificial intelligence (AI) presents a transformative opportunity for these functions. This article analyzes manual, analytical, and strategic activities within these functions and determines the most optimal AI adoption roadmap.

Gone are the days when procurement was just about pinching pennies. Thanks to AI, it's now stepping into the spotlight as a key player in shaping business strategy. In this webinar, we'll dive into how AI is shaking things up in the world of procurement. We'll explore how these smart tools are revolutionizing financial decision-making, from predicting spending patterns to foreseeing market trends. Whether you're a procurement pro or just curious about the buzz, you'll learn how AI can turn your procurement team into financial fortune-tellers and strategic superstars. Get ready to discover how to harness AI's power to streamline operations, build stronger supplier relationships, and make your procurement function the talk of the C-suite.

Speakers:

• Frank Musero, Deputy Head of Production, ProcureCon
• Gaurav Tandon, Software Engineering Fellow, BILL
• Jeff Ball, Chief Procurement Officer, MediaNews Group
  

This eBook is based on a recent webinar hosted by GEP about the value of total procurement orchestration and its impact on the future of procurement. Featuring insights and suggestions from leaders at GEP, the eBook explores recent trends in the procurement function, the shift in procurement driven by AI advancements, and the role of procurement orchestration in addressing key challenges. Readers will also learn about GEP’s approach to total procurement orchestration, which spans intake management, end-to-end source to-pay processes, and cross-domain orchestration, enabling procurement to become a strategic enabler of business value.

This report features insights from a discussion during a 2024 webinar between Cijo Joseph, Chief Technology and Digital Officer, and Shaun Carroll, Chief Procurement Officer, both from Mitie, a leading UK facilities management company. During the discussion, the leaders noted that Mitie’s data capabilities were made possible through a data lake approach and by their implementation of Coupa spend management software, which helped them eliminate silos and significantly improve decision-making.

This report presents the findings of the ProcureCon 2025 Chief Procurement Officer Survey, which gathered insights from 100 industry leaders across supply chain, procurement, and risk management roles.

The survey reveals a shift in the strategic importance of Chief Procurement Officers (CPOs) within organizations, with 53% of respondents reporting that their CPOs play a more substantial role in high-level decision making. This represents a significant increase from last year’s study, in which only 46% of the respondents said the same.

Inside, we'll delve into various aspects of the evolving CPO role, including strategic partnerships, technology initiatives, and future challenges, providing a comprehensive outlook on the changing landscape of procurement leadership.