Automation potential
We see a high potential for the digitization of G&A functions with currently available technologies, especially in procurement, finance, HR and IT.
Automatable
with current technology
Technically automatable but difficult to capture
Not automatable
with current technology
Finance
HR
IT
Procurement
Communications
Legal
41
42
17
38
22
40
37
26
37
29
34
37
27
25
48
22
47
31
Highest automation potential
Highest financial impact due to baseline
Digital and analytics in procurement
Digital procurement has significant value potential when it comes to reducing spend. Current solutions include machine learning-based spend intelligence, digital product cost optimization, robotic process automation, and the automated calculation of “should costs”.
Globally, companies have invested more than USD 2 billion over the last five years in digital procurement tools. Disruptions in specific industries allow companies to identify and capture new sources of value with digital tools and automate repetitive processes in procurement, ultimately freeing up buyers to work on more strategic tasks.
Digital procurement can capture more than 7% in additional value by unlocking new spend reduction opportunities and decreasing leakage. For instance, companies are already focusing on spending analytics to cut material spend.
7
additional value by using digital and analytics in procurement
%