Dear reader,

Welcome to our first digital issue of The Source, Issue 8, bringing expert insights and analysis into procurement and supply chain management straight to your inbox. In this issue, we take a boardroom view of procurement through the lens of the C-Suite.

Naturally, today’s most vital and visible challenge is COVID-19’s restart and journey towards the new normal. We’ve included an abridged version of our whitepaper Survive then thrive: How to restart and rebuild stronger supply chains, post COVID-19. The unabridged version can be accessed from our COVID-19 support page.

The relationship between CFOs and procurement is changing. Efficio speaks to four CFOs who are achieving impressive improvements in business performance by shifting the way they work together in The appliance of alliance: Reaping rewards from closer ties between CFOs and procurement.

Successful leaders who carefully evaluate the questions and practices in our Tour de source: Mastering cross-border procurement article can increase their likelihood to realise reduced costs, greater agility, deeper control and insight and nurture thriving teams. 

Could your organisation achieve greater financial outcomes by leveraging working capital improvements? Algeco, a leading supplier of modular building solutions generated double-digit millions in cash release and achieved a 20% reduction in DSO. Our case study, A capital idea: How Algeco conquered cash flow to deliver multiple benefits takes you through our working capital approach in more detail.

Technology played a key role in accelerating the procurement transformation journey for Paysafe, an industry leader in specialised payments platforms. Learn how its procurement function delivered almost double the targeted cost savings and significantly reduced 2020 procurement costs in A platform for success: How technology is transforming procurement at Paysafe.

Our Masterclass article explores Source to Pay: Finding the right solution for your business and reveals three critical factors to help you identify the best S2P solution for your business.

And finally, changing attitudes and economic imperatives mean that a sustainability plan could be the difference between winning and losing. While a general sustainability policy is typically agreed by the C-suite as part of a CSR programme, to be impactful you need more than an external commitment; you need a plan. Learn more from three sustainability leaders in The green gene: Why sustainability needs to be part of procurement’s DNA.

We hope you find this issue helpful. As we navigate through uncertainty in both our business and personal lives, we wish you, your loved ones and colleagues safe passage through this difficult period. As always, please don’t hesitate to start a conversation with us to see if we can help you tackle your procurement and supply chain challenges. It’s all we do.

Jens Pedersen, CEO