@Risk

The global economic crisis sent shock waves through every business organization, and understandably, over the past few years, certain executive relationships have fundamentally changed.

For example, in many organizations, CPOs and CFOs are collaborating in new ways, now that CFOs are beginning to realize how optimization of procurement function results in significant business benefits (cost containment, competitive advantage, etc.)

Aberdeen Group takes a close look at these evolving roles in a recently released white paper, titled “The CFO’s View of Procurement: Work in Progress.”

According to the report: (more…)

The authors of Basware’s new research report, “Cost of Control: The Real Price of Cost Cutting,” describe it as “a true call to arms” for CFOs and CPOs. I agree. This study explores the fundamental relationships between finance and procurement professionals and concludes –rightfully so –that success in today’s volatile, ultra-competitive economy depends on a coordinated and collaborative response between CFO (purse string) controllers and CPO (supply chain) gatekeepers.

Here are a few key insights from the report: (more…)