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Procurement and Finance Outlook Intelligence

EBG | Webinar: Leveraging GenAI to Re-invent the Role of Procurement

October 24, 2024 By ebgnetwork

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EBG | Webinar: Leveraging GenAI to Re-invent the Role of Procurement enabled by Ivalua & Accenture

Not surprising Artificial Intelligence (AI) and Generative AI (GenAI) was high on the agenda and debated during EBGs recent CPO Outlook in Stockholm. 

Present AI use cases in procurement

The response to the question how AI is affecting procurement organizations in the room now – the general answer was “Not at all” even though CoPilot, text editing, text writing and supplier recommendation was mentioned. 

At the same time 82% in the room stated that they think AI will have a Lot of or Tremendous impact on what procurement do and how they do it.

Generative AI (GenAI) is set to play a transformative role in the future of procurement. But it’s essential to remember that AI is just a tool—an enabler that must be supported by the right operating model – people, processes, technology and data. The potential is immense, but are companies truly ready to take full advantage?

Welcome to a webinar where we will take an overall perspective. On procurement as a function, skill-sets and end-to-end processes in a world where AI and GenAI has entered.

Date: November 27th, 2024
Time: 15:00-16:00 PM CET
Place: Your computer/tablet/phone
Language: English
Cost: Free of charge but requires registration
Organizer: EBG | Network & Ivalua + Accenture

Register here at no cost

Presenters

Antal Kamps – Principal Director – Nordics Sourcing & Procurement Lead and Yuriy Danylchenko, Principal Director – EMEA Sourcing & Procurement (gen)AI Lead at Accenture together with Erik Korpås, Solution Consultant at Ivalua will offer visions and advice to procurement moving ahead as well as present concrete AI enabled use cases.

Avoiding the Proof of concept trap

Many organizations face challenges, such as incomplete data and the lack of a clear GenAI strategy. Which can hold them back from fully realizing AI’s value. As consultants and system providers, the Accenture and Ivalua mission is to help companies understand where to begin. How to scale effectively and avoid the trap of endless proof-of-concepts (PoC) that fail to deliver lasting impact.

In this webinar, we will explore:

  • Why is it important to re-consider procurement capabilities end-to end?
  • How can you build a strong foundation with the right data, processes and people skills to re-invent the role of procurement?
  • How can AI and GenAI act as catalysts that can reshape procurement tasks and responsibilities?
  • How can procurement redefine its operating model to leverage GenAI and free up time for strategic tasks and enable deeper insights?
  • View real-world use cases showcasing—supplier research, communication, document insights and category intelligence
  • Practical strategies for starting small and scaling initiatives without falling into the PoC trap

Join us to discover how to re-invent the role of procurement, turning today’s challenges into tomorrow’s opportunities. All registering will receive the slides and recording.

>>Register here to take part in the webinar and get the slides & recording

About Ivalua

Ivalua is a leading provider of cloud-based Spend Management software. Our complete, unified platform empowers businesses to effectively manage all categories of spend and all suppliers, increasing profitability, improving ESG performance, lowering risk and improving employee productivity. We are trusted by hundreds of the world’s most admired brands and recognized as a leader by Gartner and other analysts. Learn more at ivalua.com. Follow us at @Ivalua.

About Accenture

Accenture is a leading global professional services company that helps the world’s leading organizations build their digital core, optimize their operations, accelerate revenue growth and enhance services—creating tangible value at speed and scale. They are a talent- and innovation-led company with approximately 774,000 people serving clients in more than 120 countries. Technology is at the core of change today, and Accenture is one of the world’s leaders in helping drive that change, with strong ecosystem relationships.

They combine their strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Their broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with their culture of shared success and commitment to creating 360° value, enable them to help their clients reinvent and build trusted, lasting relationships. Accenture measure their success by the 360° value they create for their clients, each other, their shareholders, partners and communities. Visit us them at accenture.com


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