The procurement process generally follow the approach on cost reduction & strategies to alternate suppliers & in some case risk mitigation. With more & more services movingto cloud, procurement is now connected to efficiency & sustainability of purchasing decisions by adapting new procurement technologies analytics mainly driven by data for optimization of the process & thereby preparing a management report,as a result to this process.

Businesses are adapting analytics in to their decision for making better processes which was earlier only related to simple decisions of procurement & not technology. Digital procurement is covering entire procure to pay cycle by transforming & capturing each step of procurement more efficiently and creating higher impact & value driven activities.