Procurement plays an increasingly strategic role. Monitoring supply markets, prices, potential suppliers and mitigating risks is critical to avoiding disruptions, ensuring steady business operations and achieving the company’s financial performance objectives. However, inefficient processes and legacy systems often prevent procurement professionals from focusing on strategic initiatives. Advancements in modern cloud solutions are transforming business operations making procurement more efficient while automating many routine tasks while still enabling the enforcement buying controls, polices and achieving greater cost savings through intelligent sourcing and supplier management while reducing overall risk. Implementing a modern, cloud-based procurement solution transforms and streamlines the source-to-settle process, enabling faster and smarter execution while decreasing the risk of business disruption and ensuring revenue growth.