In this series, 10xDS explores how banks can revolutionize their procurement and vendor management processes by tapping into the power of the Microsoft ecosystem they already own.

We break down the traditional pain points banks face — from manual data entry and siloed systems to complex approval hierarchies that slow everything down and introduce compliance risks. These outdated workflows not only drain productivity but also weaken vendor relationships and make audit-readiness harder.

The series then dives into how banks are turning this around with Microsoft Power Platform. By leveraging components like Power Apps, Power Pages, Power Automate, and SharePoint, banks can build tailored, cost-effective solutions that:

Streamline procurement workflows and multi-level approvals

Provide transparent, self-service portals for vendors

Automate checks like budget validations directly from Excel

Lay the groundwork for future AI enhancements, such as invoice extraction and quote comparisons

The big takeaway?

Banks don’t need massive new systems. By maximizing their existing Microsoft investments, they can dramatically cut manual work, boost compliance, enhance vendor trust, and turn procurement from a back-office burden into a strategic advantage.

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