Welcome!

Containers Expo Blog Authors: Liz McMillan, Pat Romanski, Yeshim Deniz, Elizabeth White, Zakia Bouachraoui

Blog Feed Post

Procurement's Breakout Year

As we flow into the second decade of the 21st century, global and mobile digitization now touches every facet of our personal lives and work. While cloud computing and social networking dominated the conversation for the first decade, the shift towards a mobile workplace elevates the practical demands of modern business processes today.

In this fresh paradigm, Procurement serves as an ideal model for digital transformation. Procurement entails a careful thread of paperwork and workflow. From purchase orders to master service agreements, procurement workflows feed into the 100 million projected documents, 3 billion overnighted envelopes and 552 billion pages faxed each year. Moreover, employees spend countless hours ensuring appropriate signatures, approvals, and sign-offs. Such challenges spark the current and future trends noted by my customers and peers. At DocuSign, we use our own product to address objectives such as

Speed of Execution: We have eliminated overnight delivery and fax machines and tangled e-mail threads passing documents back and forth – DocuSign keeps the workflow fully digital to helps us finish business faster

Accuracy: We never worry about missing data or signatures on contracts. DocuSign guides our signers through the process to ensure that every t gets crossed and every i gets dotted

Mobility: DocuSign approvers and signers sign contracts, and approve purchase orders anytime, anywhere, on any device. We know this because each document’s history is time and location stamped!

Operational efficiency: With DocuSign’s Digital Transaction Management platform, not only is the execution of signatures and approvals streamlined but also, and perhaps more importantly, the preparation of documents to be signed and post signature archiving are all streamlined

Elimination of paper: We conserve resources and add savings back to our business instead of financing operational budgets and wasting staff time on administrative tasks

In the past eighteen months, I’ve reflected on the evolution of Procurement and the wave of trends inspiring my peers in the community. I strongly believe that growth stems from continuous learning. Upon joining DocuSign, I put together my “board of advisors” – a group of thought leaders and practitioners including the leadership at Spend Matters, industry analysts and Procurement executives at companies like Google and Salesforce.com. When I first joined DocuSign, I remember asking each of these friends and mentors if there was a Procurement textbook for an Internet startup. The replies were consistent: “There isn’t one.” Now, I tap into this brain trust on a regular basis as we write our own textbook on how to create a top-notch Procurement department.

It is important to note that the digitization of business has made the benefits of Procurement accessible for small to medium businesses. Now they can leverage the ease and transparency of electronic workflows to manage vendor relationships and manage spend.

As we move forward into 2014, creating a dialogue in our community has never been more critical to our success. In sharing challenges and aspirations, we make way for innovation and enable our success.  So look here for future posts on procurement best practices and insights from the board of advisors, our DocuSign MOMENTUM Procurement Advisory Council, and my own personal experience.

Never miss a beat in the conversation. I encourage you to tap into ongoing conversations by checking out the following top five blogs and top ten twitter handles:

 

Top Five Blogs

Top Ten Twitter Handles

Blog Category:

Blog Image: 
Procurement's Breakout Year

Read the original blog entry...

More Stories By An Bui

Social Media Professional with substantial experience identifying, characterizing and connecting online communities and authors. Strong orientation on actionable recommendations that provide mutually beneficial value for communities and organizations for stakeholders.

Currently, I serve as the social media manager for DocuSign, Inc., the market leader and global standard for electronic signature. DocuSign provides the world’s largest and fastest growing electronic signature platform, empowering businesses to complete transactions online quickly and securely while improving compliance and dramatically reducing costs.

DocuSign is the only cloud computing-based electronic signature platform that entirely replaces slow, expensive paper transactions with a fast, efficient and completely digital solution. Accessible from any Internet-connected device, DocuSign supports virtually any document and form type in simple and complex workflows, and provides broad user authentication options, data collection, secure document/data storage and retrieval, as well as real-time negotiation and collaboration tools.

IoT & Smart Cities Stories
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...