PRGX
Climate Impact & Sustainability Data (2024)
Reporting Period: 2024
Environmental Metrics
Climate Goals & Targets
Short-term Goals:
- Unlocking savings
- Increasing productivity
- Recovering more profit
Environmental Challenges
- Misalignment between finance and procurement teams.
- Siloed S2P data hindering growth.
- Underutilization of S2P data.
- Lack of collaboration between CFOs and CPOs in bringing procurement and finance teams together.
- Inability to uncover the root cause of issues.
- Limited investment in AI and ML solutions.
Mitigation Strategies
- Strengthening collaboration between finance and procurement teams.
- Leveraging S2P data for intelligence.
- Investing in advanced solutions like AI and ML.
- Improving data visibility.
- Establishing shared goals and KPIs.
- Implementing automation and streamlining processes.