Procurement Transformation solution

EY teams can help you shift from manual, linear supply chains and procurement to an agile, networked ecosystem, improving supplier portfolios, decreasing costs and increasing productivity. Direct and indirect procurement organizations can generate benefits to overall value creation and cost reduction.

The team

Photographic portrait of Glenn Steinberg
Glenn Steinberg
EY Global Supply Chain and Operations Leader
Photographic portrait of Steven Krueger
Steven Krueger
EY Global Finance Technology Services Leader
Photographic portrait of Deep Ghumman
Deep Ghumman
EY Americas Finance Technology Services Leader

Optimize procurement; realize benefits

Some of the critical levers driving meaningful impact include supplier cost reduction, rise in working capital, mitigated risk, tax optimization and material resiliency. 

Journey toward an autonomous future

EY teams can help you shift from manual, linear supply chains and procurement to an agile, networked ecosystem of self-driving supply chains and touchless procurement. 

Employ technologies driven by AI

Transform procurement exponentially by leveraging technology solutions using robotic process automation (RPA), blockchain, intelligent automation, generative AI and machine learning, augmenting your team for more strategic activities.  

Your business challenge

Procurement leaders are being challenged to develop their supply chains as strategic advantages. At the same time, they are grappling with internal challenges such as consistent pressure to cut costs, lack of cross-functional buy-in for procurement decisions, inaccurate data leading to poor supplier risk management and a need for resilient procurement functions with a high degree of automation.

They are asking themselves:

  • How do we shift perceptions of procurement from a cost center to a profit center?
  • How do we combat inflationary pressures of the current economic environment?
  • How do we work with legal to reduce cycle times for contract reviews and enable resources while reducing commercial liabilities?
  • How do we reduce financial and operational risks by strengthening material and supply resiliency?
  • How do we enhance user experience across a vast technology landscape of source-to-pay, third-party risk and supplier enablement?
  • How do we digitally enable the organization to focus resources on strategic, value-added activities?

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Solution features and functionality

Within the Finance Technology solution, EY teams use a mix of offerings to help organizations transform their finance functions for speed, accuracy and scale.

  • Strategy and structure to perform the right work in the right place. Service offerings include:

    • Procurement strategy and assessment
    • Policy, process and controls
    • Organization and service delivery build
    • Procurement tax optimization

  • Right suppliers on the right contracts and terms. Service offerings include:

    • Category strategy and analysis
    • Strategic sourcing execution
    • Sustainable sourcing
    • Outsourcing advisory

  • Managing risk and confirming contracts are delivering value. Service offerings include:

    • Contract authoring and enablement
    • Contract review and monitoring
    • Supplier relationship and performance management
    • Supplier risk and resiliency management

  • Touchless P2P processes with seamless user experience. Service offerings include:

    • Buy channel and tail spend management
    • User experience design and enhancement
    • Working capital optimization
    • Payment and treasury services

  • Touchless P2P processes with seamless user experience. Service offerings include:

    • Buy channel and tail spend management
    • User experience design and enhancement
    • Working capital optimization
    • Payment and treasury services

Why EY

The EY organization is a leader with vast supply chain experience. Our procurement professionals are active in more than 50 countries around the globe and have successfully managed more than 1,500 procurement projects in the last two years alone.

Alliance relationships

EY clients can take advantage of our market-leading collaborations, including SAP, Microsoft, ServiceNow, UiPath and others. 

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The Team

Glenn Steinberg

EY Global Supply Chain and Operations Leader
Helping companies transform, create value and optimize business performance. Thirsty for knowledge. Ski enthusiast. Husband and father of two Michigan Wolverines.
New York, USA

Steven Krueger

EY Global Finance Technology Services Leader
Provides guidance to FIs on reimagining the operating model and vision of the finance function. Loves spending time with family and playing golf. Avid sports fan.
New York, USA

Deep Ghumman

EY Americas Finance Technology Services Leader
Passionate about helping enterprises take the next leap on becoming more productive through the digitization of finance.
Los Angeles, USA

How EY can help

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    EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.