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The impact of COVID-19 on Spend Management software projects

For any organisation in the middle of a software implementation, recent events may have just pulled the rug out from underneath them.

In the best of times, these projects are challenging, but teams are also having to deal with remote working, IT resource shortages and business models that seemed perfectly reasonable at the start of the project but now seem like an uphill climb, and in some cases obsolete.

While it could be argued that the full impact of this epidemic on businesses and supply chains is still unknown, projects are still moving forward. There may have been changes to timeframe or scope, but resilient businesses, and providers, are adapting.

Proactis Holdings Plc (LON:PHD) develops and sells business software, and provides installation and related support services in Europe and the United States. The company offers Spend Control and eProcurement solutions that help organizations to improve operational and financial performance by enhancing the way they buy various goods and services.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.