How to Identify a “Broken” P2P Process – and Fix it
20 years ago the average P2P department was a world of paper purchase orders and manual processes with a general ‘black hole’ around supplier indebtedness.
Finance Directors and Treasurers often maintained cash balances for overdue payments in any given month. Today, as the Finance function has transformed, P2P has transformed with it, enabled by Supplier Self-Service, PO flipping, office robotics, and Tail-end & Spend Analytics.
Working capital is now managed more strategically and procurement had evolved to a more ‘intelligent’ sourcing.
This recorded webinar, 'How to Identify a "Broken" P2P Process – and Fix it', takes you through which levers are most effective for improving P2P in this webinar and learn about the latest solutions to manage:
- Spend analytics – link to strategic sourcing reviews to increase value-add through targeted supplier statement reconciliations
- Process cost savings of up to 60%
- Matching supplier invoices to authorized spend
Watch it now for free:
The session is presented by:
Gerry Bolton, Head of Finance Transformation Consulting, Steria with Subject Matter Experts: Iain Hayes, Lynn Millar, Martin Beasley
||About the Speaker: Gerry has spent more than 30 years in technical industries including, Payments, IT Provision, Logistics and Power Engineering. He enjoyed 22 years of differing roles within the VocaLink group rising to Head of Finance & Planning at both BACS and Voca.|