{"id":749147,"date":"2023-04-19T11:03:18","date_gmt":"2023-04-19T15:03:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-public-sector-accelerating-procurement-modernization\/"},"modified":"2023-04-19T11:03:18","modified_gmt":"2023-04-19T15:03:18","slug":"u-s-public-sector-accelerating-procurement-modernization","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-public-sector-accelerating-procurement-modernization\/","title":{"rendered":"U.S. Public Sector Accelerating Procurement Modernization"},"content":{"rendered":"

<\/p>\n

U.S. Public Sector Accelerating Procurement Modernization<\/b><\/p>\n

State and local organizations achieve cost savings, compliance, improved processes through growing investments in platforms and outsourcing, ISG Provider Lens\u2122 report says<\/b><\/p>\n

STAMFORD, Conn.–(BUSINESS WIRE<\/a>)–
\nInvestments in procurement outsourcing and platforms continue to grow in the U.S. public sector as it emerges from years of delayed digital modernization, according to a new research report published today by Information Services Group (ISG<\/a>) (Nasdaq: III<\/a>), a leading global technology research and advisory firm.<\/p>\n

\nThe 2023 ISG Provider Lens\u2122 Procurement BPO, Transformation and Software Platforms report for the U.S. Public Sector finds many state, local and educational organizations still planning or carrying out modernization of their procurement systems and practices as part of a wave of initiatives kicked off by disruptions related to the COVID-19 pandemic. Supply chain interruptions, cost-cutting requirements and widespread resignations from government IT organizations brought the need for modernization to a head, and new federal funds made many projects possible.<\/p>\n

\n\u201cPublic sector procurement in the U.S. has gone from stagnation to rapid change almost overnight,\u201d said Nathan Frey, partner and lead, ISG Public Sector, for the U.S. \u201cWe expect this trend to continue at least through 2025 \u2014 and probably accelerate.\u201d<\/p>\n

\nFor the first time, providers of procurement outsourcing and platforms are beginning to invest heavily in the capability to serve the U.S. public sector, ISG says.<\/p>\n

\nProcurement platforms remain the cornerstone of effective digital modernization. Many public sector organizations adopted early cloud-based procurement systems in a fragmented way more than a decade ago and built their operations around them, the report says. To streamline processes, reduce costs and comply with a growing number of cybersecurity and privacy regulations, agencies are now implementing more modern platforms that are modular and include interfaces to related functions such as finance, making way for higher efficiency and tighter control.<\/p>\n

\nThe new platforms offer standardized application and enforcement of policies, with improved user experience, and enable sharing of clean, trusted procurement data throughout the organization, ISG says. Many also include automation features powered by machine learning and natural language processing that can improve operations and reveal new opportunities for optimization.<\/p>\n

\nWhile outsourcing remains politically challenging in some public-sector agencies, many are including it in their transformation initiatives as their procurement staffs shrink and skilled replacements prove hard to hire and retain, ISG says.<\/p>\n

\n\u201cThe public sector suffered more than any other in the Great Resignation that followed the pandemic,\u201d said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. \u201cOutsourcing providers offer a lifeline to agencies that need to maintain and improve procurement functions.\u201d<\/p>\n

\nFor more insights into the procurement challenges of the U.S. public sector and advice on successful modernization strategies \u2014 including self-funding projects through gainsharing provider contracts \u2014 see the ISG Provider Lens\u2122 Focal Points briefing here<\/a>.<\/p>\n

\nThe 2023 ISG Provider Lens\u2122 Procurement BPO, Transformation and Software Platforms report for the U.S. Public Sector evaluates the capabilities of 37 providers across three quadrants: Software Platforms and Solutions, BPO Services and Transformation Consulting Services.<\/p>\n

\nThe report names CGI and GEP as Leaders in all three quadrants. It names Accenture, Deloitte, IBM and Infosys as Leaders in two quadrants each. Coupa, Infor, Ivalua, JAGGAER, Oracle, SAP Ariba and Workday are named as Leaders in one quadrant each.<\/p>\n

\nIn addition, HCLTech is named as a Rising Star \u2014 a company with a \u201cpromising portfolio\u201d and \u201chigh future potential\u201d by ISG\u2019s definition \u2014 in one quadrant.<\/p>\n

\nThe 2023 ISG Provider Lens\u2122 Procurement BPO, Transformation and Software Platforms report for the U.S. Public Sector is available to subscribers or for one-time purchase on this webpage<\/a>.<\/p>\n

About ISG Provider Lens\u2122 Research<\/b><\/p>\n

\nThe ISG Provider Lens\u2122 Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG’s global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG’s enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore\/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage<\/a>.<\/p>\n

\nA companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.<\/p>\n

About ISG<\/b><\/p>\n

\nISG (Information Services Group) (Nasdaq: III<\/a>) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world\u2019s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries\u2014a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry\u2019s most comprehensive marketplace data. For more information, visit www.isg-one.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230419005635\/en\/<\/a><\/span><\/p>\n

Press:<\/p>\n

<\/b>Will Thoretz, ISG
\n
+1 203 517 3119
\n
will.thoretz@isg-one.com
\n<\/a><\/p>\n

Julianna Sheridan, Matter Communications for ISG
\n
+1 978-518-4520
\n
isg@matternow.com<\/a><\/p>\n

KEYWORDS:<\/b> Connecticut United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Consulting Data Management Technology Professional Services Outsourcing Business State\/Local Security Software Networks Internet Public Policy\/Government<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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\"Logo\"<\/td>\n<\/tr>\n
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U.S. Public Sector Accelerating Procurement Modernization State and local organizations achieve cost savings, compliance, improved processes through growing investments in platforms and outsourcing, ISG Provider Lens\u2122 report says STAMFORD, Conn.–(BUSINESS WIRE)– Investments in procurement outsourcing and platforms continue to grow in the U.S. public sector as it emerges from years of delayed digital modernization, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm. The 2023 ISG Provider Lens\u2122 Procurement BPO, Transformation and Software Platforms report for the U.S. Public Sector finds many state, local and educational organizations still planning or carrying out modernization of their procurement systems and practices as part of a wave of initiatives … <\/p>\n

Continue reading “U.S. Public Sector Accelerating Procurement Modernization”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-749147","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nU.S. Public Sector Accelerating Procurement Modernization - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-public-sector-accelerating-procurement-modernization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Public Sector Accelerating Procurement Modernization - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"U.S. Public Sector Accelerating Procurement Modernization State and local organizations achieve cost savings, compliance, improved processes through growing investments in platforms and outsourcing, ISG Provider Lens\u2122 report says STAMFORD, Conn.–(BUSINESS WIRE)– Investments in procurement outsourcing and platforms continue to grow in the U.S. public sector as it emerges from years of delayed digital modernization, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm. The 2023 ISG Provider Lens\u2122 Procurement BPO, Transformation and Software Platforms report for the U.S. Public Sector finds many state, local and educational organizations still planning or carrying out modernization of their procurement systems and practices as part of a wave of initiatives … Continue reading "U.S. Public Sector Accelerating Procurement Modernization"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-public-sector-accelerating-procurement-modernization\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-19T15:03:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230419005635r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/u-s-public-sector-accelerating-procurement-modernization\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/u-s-public-sector-accelerating-procurement-modernization\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"U.S. Public Sector Accelerating Procurement Modernization\",\"datePublished\":\"2023-04-19T15:03:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/u-s-public-sector-accelerating-procurement-modernization\\\/\"},\"wordCount\":968,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/u-s-public-sector-accelerating-procurement-modernization\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230419005635r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/u-s-public-sector-accelerating-procurement-modernization\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/u-s-public-sector-accelerating-procurement-modernization\\\/\",\"name\":\"U.S. Public Sector Accelerating Procurement Modernization - 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