Why We Need a Global Process Owner in Procure-to-Pay – and How to Implement the Role Effectively
A Global Process Owner (GPO) is a single owner assigned to completely oversee a given end-to-end process, such as procure-to-pay. Many organizations today still suffer from a fragmented approach to procure-to-pay (P2P), which leads to significant and avoidable inefficiencies. Taking a more strategic approach to P2P ownership means it's more easily possible to restructure the end-to-end process, leverage technology, provide a standardized service, and improve collaboration.
This report provides an up-to-date review of Global Process Ownership within P2P, which has been on the rise since 2009. It reviews the costs of not leveraging GPO, the characteristics of an effective Global Process Owner, and what kind of benefits to expect.
It also lists five steps to implementing Global Process Ownership.
For anyone tasked with delivering a more effective procure-to-pay process, this report is a must. Click below to view it.