How redesigning procure-to-pay creates strategic benefits
Find out how CFOs, CPOs and CIOs can use process management to build a healthier bottom line, save time and unlock cost savings in procure-to-pay processes
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The procure-to-pay (P2P) cycle is critical for businesses as they need an efficient and effective P2P process to have visibility over and manage their cash flow, which is especially important during the Covid-19 pandemic.
An all-in-one integrated solution that provides visibility into the complete lifecycle of any transaction, from vendor selection to the final invoice generate and payments with adjustments using data from common source systems, can help to improve the efficiency of the P2P process, ensure visibility and transparency and reduce costs.
This white paper explains how Signavio’s solution helps improve procurement and purchasing ROI by helping identify and select the best suppliers, and combats fraud by providing transparency over every decision within P2P functions. It features a case study with Zalando, which reduced the number of steps in the supplier onboarding process from 18 to six by mapping it out.
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Download this white paper to learn:
- How to understand and optimize procure-to-pay processes.
- How process mining technology provides C-level officers the data insights they need to make decisions.
- Strategies for getting the procurement and purchasing teams to work smarter by uncovering automation opportunities.
- Techniques to eliminate rework, identify bottlenecks, enhance compliance outcomes and ensure employees have the resources to complete their tasks efficiently.
