Executive Summary
The professional services industry faces unique challenges in managing procurement, controlling costs, and ensuring compliance across projects and geographies. As firms scale, inefficient spend processes, manual approvals, and lack of transparency can hinder growth and operational agility.
The typical challenges faced by top management are as follows:
• Fragmented procurement processes leading to inconsistent vendor management.
• Limited visibility into project-related expenses and overheads.
• Compliance risks due to scattered documentation and manual workflows.
• Pressure to reduce costs while maintaining service quality.
• Difficulty aligning finance, operations, and project teams in real time.
At the same time, the professional services market in India is projected to grow at a CAGR of 13.9% between 2025 and 2030, reaching an estimated US$64 billion in revenue. This presents a significant opportunity for professional services firms to expand their operations and accelerate growth.
SAP’s Spend Management solution offers an integrated approach to procurement, supplier management, and spend analytics tailored for the complexities of the professional services sector. It empowers organizations to:
• Centralize and streamline procurement processes.
• Gain real-time insights into spend patterns and supplier performance
• Automate workflows while ensuring compliance and audit readiness.
• Improve forecasting and cost controls across multiple projects.
• Align cross-functional teams with unified data and actionable intelligence.
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