Many procurement teams are still using paper and spreadsheets to run their competitive bidding and RFP process, even while other areas of the organization modernize. There are many reasons for keeping paper around, whether it’s lagging laws that require paper copies, a lack of funding for digital tools, or simply comfort with the ‘way things have always been.’
However, it’s becoming increasingly apparent to procurement leaders that the status quo is no longer sustainable. At a time where public procurement is under immense fiscal pressure and growing transparency demands, these manual processes are costly in the form of wasted time and missed opportunity for value.
We will cover how eSourcing can help cut down on spend and improve efficiency. Included within are five case studies from real public sector organizations across North America who have leveraged eSourcing to eliminate paper processes, demonstrating a way forward for addressing this gap and realizing time and money savings for your organization.
In this eBook, we investigate the real cost of a manual process to your team and to taxpayers, across five key areas:
- Submission costs and vendor participation
- Wasted time
- Unrealized cost savings
- Difficulty retaining top talent
- Risk of costly errors or legal challenges