Lance Younger: The Rise of Digital Procurement with ProcureTech

Digital transformation spread in waves over the last 20+ years for many areas of business – from marketing and sales to finance and HR. For procurement, that time is now. ProcureTech CEO and Founder Lance Younger believes digitalization is paramount for Procurement to realize their full potential. In this episode, Lance shares his philosophy on digital procurement – why it matters and how to be strategic about it.Episode Highlights[00:00 - 01:57] Introduction to Lance Younger[01:58 - 05:21] Hot Takes with Thom: Responsible business growth vs responsible growth at all costs[05:24 - 08:16] Lance talks about ProcureTech's vision and enabling the future of digital procurement[08:23 - 10:31] How ProcureTech is changing how procurement is done digitally[10:33 - 14:11] Operating at scale and still driving innovation[14:13 - 17:16] How the procurement process has had to adapt for SaaS[17:16 - 19:05] Completely democratized IT compared to the recent past[19:09 - 21:50] Solutions exist, but people are not finding the right match[21:51 - 22:40] Cohorts of digital solutions[22:42 - 24:29] The current state of the economy and procurement strategies, and did Europe get a headstart?[24:29 - 27:07] High-level predictions for the procurement space in 2023[27:20 - 30:45] A fight for relevance in the procurement field[30:59 - 34:02] Rapid fire