Remember the story of Frankenstein’s monster? In the novel by Mary Shelley, Victor Frankenstein assembles his creation from old body parts and weird chemicals. The result was a massive creature with enormous strength. It had a grotesque appearance but the mind of a child. Initially kind and gentle, the monster was shunned by society and, as a result, transformed from something with the potential for tremendous benefit into something terribly destructive.
In large global enterprises, rapid innovation and the proliferation of incredible best-of-breed tools have resulted in ‘Frankenstacks.’ Like Dr. Frankenstein, procurement departments have cobbled together various tools to support their processes and decision-making. Individually, these tools are incredibly powerful, automating previously onerous and error-prone tasks like risk scoring, contract management, ESG assessments, accounting, budgeting and planning, and catalogs. Even as organizations can automate more and more at the task-level, however, they have also introduced significant complexity at the process-level. And this complexity is nowhere more apparent than in the experience of end users. All of this technology may be great for procurement, but it’s confusing to navigate – monstrous, even – for occasional requestors.
Frankenstacks are powerful, but they are also ugly and unfamiliar. It’s no surprise, then, to see business users do everything they can to avoid working with procurement. According to research from The Hackett Group, the leading cause of maverick spend is a lack of intuitive self-service tools.
Poor user experience is the root cause of many of today’s procurement challenges. According to Hackett’s 2023 Procurement Benchmark study, it takes nearly a month for most organizations to create a purchase order once a request has been made. When only 26% of transactions are touchless, lengthy cycle times and poor satisfaction rates among business users should come as no surprise. Compare this to what Hackett sees among organizations that it terms ‘Digital World Class:’
The best definition of Intake Management that I’ve seen is from Gartner. To paraphrase, intake management software improves end-user experiences by helping users navigate pre-configured process workflows such as initiating, routing, and tracking the status of procurement requests in a hybrid application ecosystem.
In other words, intake management in procurement consists of the following elements:
When evaluating intake management solutions, it’s important to ask the following questions:
ORO is a GenAI procurement orchestration platform that coordinates processes, tools, and teams so that organizations get what they need without frustration. ORO was recently recognized by Gartner as one of a small number of solutions that do both intake management and procurement orchestration more generally. Importantly, we help organizations avoid vendor lock-in because our market-leading integration platform allows companies to integrate deeply with any ERP, S2P suite, or best-of-breed tool in addition to legacy and homegrown solutions. ORO was built for the enterprise and was the first in the world to earn an accredited ISO 42001 certification for responsible AI.
From the perspective of intake management, ORO provides employees with a unified procurement front door that uses GenAI to support natural language intake, smart form auto-complete, and buying category detection. ORO was founded in order to provide exceptional user experiences, which is why our intuitive workflows do not require any training, and only ask requestors for information that is necessary and that is not already found in other systems. We deliver AI-powered supplier recommendations and unified, multi-channel collaboration tools so people can work how and where they work best. Lastly, ORO delivers full process transparency and compliance measures including supplier pre-checks, contextual supplier records, and self-service process tracking.
Frankenstein’s monster wasn’t bad. But he appeared bad in ways that negatively impacted his experience with other people. Frankenstacks are similar. They are not bad. The fact that procurement has so many options and best-of-breed solutions available to them means that they can fit technology to their needs in ways that were previously impossible. However, the absence of an orchestration solution like ORO to mediate relationships between people, processes, and tools significantly restricts procurement’s ability to extract value from their complex procuretech ecosystems. With ORO for intake management, frankenstacks are humanized, experiences become effortless, the potential of existing technology investments is unlocked, and organizations become more agile in response to change.
Want to learn more about how ORO can help you with your frankenstack? Request a demo today.