The purchase-to-pay (P2P) space is rapidly evolving. Vendors are continually seeking to help customers achieve their desired state of 100% spend visibility but very few have been able to deliver on this promise. Enforcing budgets, shortening order cycle times, and earning cash by taking early payment discounts may have been enough in the past, but buyers are increasingly interested in how vendors are looking to the future. Making procurement more intuitive and automated by incorporating conversational systems, machine learning and AI are just some of the future focus areas.
Magnus Bergfors is part of the team covering Gartner's research on evaluating and deploying procurement and sourcing technologies, cross-industry and cross-technology. Solutions covered include spend analysis, e-sourcing, contract life cycle management, e-procurement, buy-side catalog management, supply base management and contingent workforce management solutions.
Eric Wilson is Senior Vice President for North America and a member of the Executive Team at Basware. Previously, Wilson served as vice president of Purchase-to-Pay for North America and APAC at Basware. Wilson has more than 20 years of experience in the North American Purchase-to-Pay business and is a globally recognized speaker on the trends and emerging technologies that seek to re-define the future of global business commerce. Prior to joining Basware, Wilson was chief operating officer of Verian Technologies, acquired by Basware in 2016.