As companies continue to globalize rapidly, the Source-to-Pay function within organizations has become even more critical and a strategic lever for driving significant business value. Executives across the globe are seeking more value from their business partners in all aspects of their respective organizations, elevating the importance of sourcing and procurement programs. The partnership between Symantec, a global security software giant, and Genpact exemplifies this organizational imperative.
Join us in this session, as they share critical success factors in the transformation of Symantec's global Source-to-Pay function, the role of stakeholder collaboration, designing a new organizational model, and end-to-end process optimization to achieve the desired business outcomes. You’ll learn: how Symantec and Genpact drove more than $150 Million in savings; how procurement increased spend under management by 25%; how sourcing programs & policies, and organizational model were utilized to generate broader business value; and how to optimize direct and indirect spend, process efficiency and effectiveness, transparency, and sourcing compliance to enhance supplier performance management.
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