Procurement as a service has a huge market value of USD 5.78 billion in 2020 and is expected to grow at an 8.2 percent CAGR from 2021 to 2028. As businesses grapple with the pandemic’s impact, the world is rapidly shifting to alternative services that reduce supply risks, optimize cash flow and working capital, and maintain profitability. In this blog, we discuss how digitizing certain business operations can make an impact.
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Businesses today are undergoing rapid digital transformations. This has led to the rise in the adoption of technologies that can replace manual effort. Tasks that took longer to perform earlier are now being done in minutes with the help of automation.