Integration of Finance and Procurement
Field of Study
While finance and procurement often provide different functions, their work is unquestionably linked. For procurement officials to have the greatest impact, they need to be involved in key financial processes and have input into organization-wide decisions. Similarly, for finance officials, many processes outside of procurement depend on information from procurement to be effective. In this session, speakers will explore how finance and procurement can create a better and more collaborative relationship and drive improved outcomes for both departments. Speakers will explore the link between finance and procurement and the benefits to budgeting, long-term planning, cash flow analysis, debt management, accounting, risk management and more.
Those who successfully complete this seminar should be able to:
- Understand the connection between finance and procurement
- Improve processes that rely on both finance and procurement involvement
- Identify strategies to implement for building a better relationship
Who Will Benefit
Professionals involved in Finance or Procurement.
This course is taught by finance officers and other industry experts.