Auditable Procurement Performance: Per Angusta Introduces Blockchain for Benefits Tracking

1 April 2020

Auditable Procurement Performance: Per Angusta Introduces Blockchain for Benefits Tracking

Per Angusta introduces Blockchain in its solution

Procurement Performance Management, including benefits tracking (aka savings tracking) is a front and center concern for the CPOs. In order to ensure their team deliver value to the organization (financial contribution, risk mitigation, innovation…), they have to adopt a structured, repeatable approach to managing all activities related to strategic sourcing: analyzing spend, building and maintaining the sourcing pipeline, managing vendors… But this is only a part of the equation: accountability for this performance and recognition from the C-suite is paramount.

Problem is that limited communication and alignment between Procurement and Finance results in Procurement’s contribution to be doubted, at best.

Following months of research and interviews, the solution to that problem became very obvious: BLOCKCHAIN!

With the introduction of a blockchain in our Procurement Management Solution, Per Angusta helps Procurement organization measure their performance and submit approval to their stakeholders and finance, as usual. Now, all the approvals are stored in a private blockchain, thus creating a chain of trust between all parties.

Per Angusta Introduces Blockchain for Benefits Tracking

As a result, any stakeholder or finance colleague, can be sure that a savings report has been duly reviewed, approved and is real. Wow!
Thanks to blockchain, Procurement will finally get their seat at the table!

Auditable Performance will be released soon. Stay tuned!
(but more importantly: stay home, stay safe)

Want to know more about Per Angusta? Schedule a demo with one of our experts!