A PROCUREMENT TRANSFORMATION
USA machine learning and artificial intelligence . For our customers , that means greater efficiency and better analytics and insights .”
A PROCUREMENT TRANSFORMATION
With any digital transformation , robust technology solutions are key to continued success . “ If you looked at the technology solution we had a few years ago , the context diagram of our procurement system and integrations was outdated . This complexity meant higher opportunity for errors and impacted our cycle times . We also didn ’ t have a good way to tackle approvals outside of Procurement – much of this was done via emails and lacked consistency . We had multiple sources of records for supplier data , but no direct integration between contracts and purchase as they were on different systems . So , we needed an end-to-end solution that was flexible to meet our unique needs , yet scalable to handle our volume . After assessing a number of established players , Fannie Mae chose an innovative , emerging supplier in source-to-pay space . We now have a more user-friendly procurement system that allows for integrated requisition and contract approval workflow and now , along with the adoption of e-signatures and mobile approval capability , we
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