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Increase Bottomline By 35 to 40% With Procure-to-Pay

Overview

Procure-to-pay (P2P) is an integral part of the CFO back-office operations. This thoughtcast addresses how an efficient procure-to-pay strategy can positively impact your bottom line, ensure customer satisfaction and supplier satisfaction and the challenges faced by organisations in terms of direct & indirect procurement and gives some tricks and tips on how organisations can save their operations cost.

 

Key Takeaways

15%-20% Savings Possible by Controlling Indirect Procurement

2/3rd of payables team time is consumed in processing only 4% value of invoices

65-70% Maverick Spend for Businesses Without Automation

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