By Raj Sharma


I was at the Global Procurement Technology Summit last week, organized by Spend Matters and the Institute of Supply Management, and had the pleasure of introducing Anne Rung, the US Chief Acquisition Officer. One thing I noted to Anne and others during our conversations was the sheer magnitude of innovation happening in the procurement technology space and the fact that government seems to be an absent participant when it comes to leveraging technology to improve procurement and acquisition.

While private sector companies such as Bravo, Coupa, and Tamr invest billions to innovate and create commercial technologies that streamline and improve the procurement process, the federal government (especially) and local governments (to some degree) continue to lag way behind, choosing to build custom applications and spending hundreds of millions in the process.

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Chairman of the Board and Co-founder