Gigabit January 2019
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NORTH AMERICA<br />
machine learning and artificial intelligence.<br />
For our customers, that means greater<br />
efficiency and better analytics and insights.”<br />
A PROCUREMENT TRANSFORMATION<br />
With any digital transformation, robust<br />
technology solutions are key to continued<br />
success. “If you looked at the technology<br />
solution we had a few years ago, the context<br />
diagram of our procurement system and<br />
integrations was outdated. This complexity<br />
meant higher opportunity for errors and<br />
impacted our cycle times. We also didn’t<br />
have a good way to tackle approvals outside<br />
of Procurement – much of this was done via<br />
emails and lacked consistency. We had<br />
multiple sources of records for supplier data,<br />
but no direct integration between contracts<br />
and purchase as they were on different<br />
systems. So, we needed an end-to-end<br />
solution that was flexible to meet our unique<br />
needs, yet scalable to handle our volume.<br />
After assessing a number of established<br />
players, Fannie Mae chose an innovative,<br />
emerging supplier in source-to-pay space.<br />
We now have a more user-friendly procurement<br />
system that allows for integrated<br />
requisition and contract approval workflow<br />
and now, along with the adoption of e-signatures<br />
and mobile approval capability, we<br />
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