Insights for Recession-Proofing Your Business

    CHERRY HILL, NJ, December 14, 2019 /24-7PressRelease/ -- Economists, homeowners, and Procurement professionals alike expect another recession to strike within the next several years. Corcentric's Source-to-Pay team contends that an economic downturn is not only a distinct challenge, but a valuable opportunity for well-equipped Procurement teams. Senior Analyst Sam Cagle will discuss this opportunity during an ISM-New Jersey webinar on January 9th.

The presentation, titled Building a Recession-Proof Business with Help from Procurement, will equip attendees with the insights they need to make Procurement a trusted business partner and proactive risk manager. Advocating for a resilient, flexible approach, Cagle hopes he can help attendees to break down silos within their organizations and earn buy-in for Procurement.

"Whether we see a recession in one year, five years, or ten years," says Cagle, "it's absolutely imperative that Procurement prepare itself. Gaining visibility and refining workflows now will pay dividends when things eventually do take a turn for the worse." He is quick to reiterate, however, that Procurement cannot go it alone. "In addition to providing best practices for Procurement, I plan to encourage collaboration across business units and more open, transparent communication."

Both ISM members and non-members are encouraged to register.

The incoming recession will also loom large over the agenda at the Institute for Supply Management's Annual Conference this April. Once again, Corcentric's Source-to-Pay experts will serve as sponsors for the event. All Supply Management and Procurement professionals are invited to attend.

Corcentric is a leading provider of source-to-pay and order-to-cash solutions for businesses in the United States and Europe. Corcentric's procurement, accounts payable, and accounts receivable solutions empower companies to spend smarter, optimize cash flow, and drive profitability. Corcentric was named a 2019 '50 Providers to Know' by Spend Matters and a leader in IDC Marketscape: Worldwide SaaS and Cloud-Enabled Automation in 2019. Since 1996, more than 6,000 customers from the middle market to the Fortune 1000 have used Corcentric to reduce costs and improve working capital. Learn more at corcentric.com.

# # #