Colum Colbert
company , he has witnessed greater embedding of its PO system . Provided by Oracle , Colbert notes that the role of this system in the P2P process has become clearer to the wider business overall . The key message of “ No PO – No Pay ” is gaining traction for an increasing share of the company ’ s spend . The PO system has created a greater sense of spend governance in the company ’ s overall P2P systems strategy .
Colbert also observes that over the past two years , operations within his team have become more concerned with achieving and delivering best practice , policies and procedures .
“ With a clearer systems strategy in place , we have been introducing various tools that enable us to achieve procurement excellence , what we call ‘ Procurement 2.0 ’. A good example has been our implementation of spend analytics provided by Efficio . We have achieved global spend analytics with spend categorised according to procurementrelevant taxonomy . This facilitates global category management and savings planning ,” comments Colbert .
The partnership with Oracle is enabling the firm to transform its process for contract preapproval , or Deal Sheet . This process helps manage legal , tax ,
175
EXECUTIVE PROFILE
Colum Colbert
A Chartered Accountant , Colum formerly worked for 12 years as a manager in Baxter Healthcare ’ s Finance Shared Services Centre . Here , he managed areas including Finance Training , AP , Procurement Services and GL . He joined Paddy Power Betfair ( PPB ) plc in late 2013 as Senior Manager for Disbursements , covering AP and Payroll . Since 2017 , Colum has led PPB ’ s Procurement Services team , responsible for driving Systems strategy .
europe . businesschief . com