White Paper - Holistic Purchase-to-Pay

Despite the compelling business case,most organizations remain firmly in the 20th century when it comes to purchase-to-pay optimization. If the benefits are so great, why are more businesses not grasping the opportunity?

It’s not for want of trying to improve things. There are plenty of failed P2P projects that illustrate the difficulties. Legacy IT systems that just don’t cut it in the 21st century; siloed organizations where purchasing and finance don’t speak; dysfunctional supplier relationships. Fixing these issues is not trivial.
Purchase-to-Pay is not about getting purchasing processes SARBOX compliant. It is not about managing an accounts payable process. It is a means to eliminate waste and to unlock cash from within a business. But it is also a partnership - a partnership between buyers and suppliers and a partnership between purchasing and finance. Getting it right can be highly lucrative.

This white paper explains a number of approaches that executives and decision makers can take to build a collaborative P2P infrastructure and unlock cash from their business.