04 August 2008 | Helen Gilbert
IT procurement is low on the agenda of financial directors, a survey has revealed.
Of 398 financial practitioners questioned by IT supplier Probrand, 62 per cent did not understand the benefits electronic procurement could bring to their organisation.
Peter Robbins, Probrand managing director said e-procurement could help clients police their IT spend and evaluate how they can get best value from their IT budget.
He added: "More often than not, [financial] practitioners simply don't appreciate the potential impact of user friendly e-procurement tool sets. They can undoubtedly be a recession- busting tool."
Some 80 per cent of those questioned did acknowledge the importance of IT's role in business growth.
Probrand spokesman Stephen Bushell said spend visibility had never been higher up the agenda and urged practitioners to understand how to improve methods of securing better IT for cheaper prices.
"This is about purchasing process," he said. "With IT bought more efficiently and at cheaper prices, so organisations can actually stretch the reach of their existing budgets to accommodate more advanced and capable IT."