Covid is not going away, and therefore high levels of risk will exist within supply chains for something. In this new world, risk visibility sits not only at the source stage of a supplier engagement but now across the whole relationship lifecycle. This has a real time impact on both purchasing and payments.
The answer is to embed this real-time risk information within the purchase-to-pay journey to enable empowered decision making. This will allow the best supplier to be selected, while advanced collaboration at purchase time can be used to mitigate risks. When this is coupled with Supplier Self-Service invoicing, payments can become instant. The result is a market sensitive procurement experience.
Join Stephen Carter and Jarrod McAdoo from Ivalua, both ex-Procurement Professionals to explore how organisations such as Honeywell, Booking.Com, BNP Paribas and Credit Agricole have benefited from end-to-end Purchase to Pay: