FREE MARKIT REPORT: HOW TO SAVE TIME ON YOUR IT SOURCING AND PURCHASING THE TOP PRIORITY FOR PROCUREMENT ORGANIZATIONS IN 2020 IS REDUCING THE TOTAL COST OF PROCUREMENT. Source: Achieving Procurement Excellence in the Age of Digital Disruption by The Hackett Group This is no surprise and something Markit has long predicted and observed with our larger clients in 35 countries. Time saving in IT purchasing has become even more important where the crisis has provoked an increasing number of procurement teams to deliver more value and savings in less time than ever before. The pressure is on for the procurement teams to deliver real results. The question arises - how can companies measure, benchmark and improve the speed of their IT sourcing and purchasing without sacrificing cost savings or value? What kind of solutions can optimise sourcing and purchasing speed and still provide high levels of system, information and service quality and end user satisfaction to ensure high levels adoption within their organisations? You can read our opinions and research on these and many other issues in our free 25-page report: OPTIMISING TIME SAVINGS IN INDIRECT IT PROCUREMENT -UNLOCKING EMPLOYEE TIME TO CREATE MEASURABLE NEW VALUE OPPORTUNITIES Detailed findings are highlighted in the report but one important set of conclusions that arose from the research suggests: TIME IS A MEASURABLE STRATEGIC RESOURCE WITH A FINANCIAL VALUETime saved in the indirect IT P2P process is a strategic resource with a high potential value which can be measured through close alignment between the procurement and finance functions. Using Markit’s calculator, step process time for the sourcing and purchasing stages of the P2P process can be measured and benchmarked against researched data, an alternative digital platform or a company’s current, prospective IT procurement platform or the Markit solution. Time saved using Markit is considerable, often more than 90%, when compared to other digital platforms or manual processes. TRY THE FREE MARKIT TIME SAVINGS CALCULATOR!BENCHMARK YOUR SOURCING AND PURCHASING PROCESS TIMES In addition to the guidelines and suggestions in the report Markit has also developed a calculator that you can anonymously use to benchmark your IT sourcing and purchasing process times against independent research and best practice. Click here - test the Time Saving Calculator now and claim your FREE REPORT!