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Camelot ITLab publishes survey on adoption of cloud solutions in procurement departments

Mannheim, 20 May 2016 – Market survey investigates the current usage of cloud solutions in procurement, implementation plans for the next 24 months and actual benefits in comparison with On-Premise tools.

Within the scope of the study ‚Cloud Computing in Procurement Departments – Do cloud tools „really“ live up to their promises?‘, the consultancy interviewed more than 150 decision-makers in procurement departments regarding software solutions currently and planned to be in use. Simultaneously, a ‚Business Value Analysis’ was conducted, comparing the actual benefit of cloud solutions with traditional On-Premise tools. Cloud solutions promising agility and flexibility prepare companies to master future challenges caused by digitization. These benefits tend to outweigh initial risks. 18 percent of questioned decision-makers already use cloud solutions and 32 percent plan to implement cloud software within the next 24 months.

Key findings of the survey:

  • Cloud applications aren’t niche products anymore. Cloud solutions have arrived in the market and are quickly expanding.
  • Cloud solutions live up to their promises regarding flexibility, easing operations and Total Cost of Ownership (TCO).
  • Typical concerns – with the exception of data security – regarding available cloud solutions have been overcome and are not crucial to the decision-making process.
  • Existing concerns about available software solutions for procurement are usually not directly related to the operating model.
  • To secure an objective valuation of a suitable operating model for specific software solutions an individual approach is crucial.

Please click here to download the study.

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