Evolve Your Enterprise | P2P Optimization | excelerateds2p

Optimizing Purchase-to-Pay (P2P) – Download your free guidebook

Optimizing Purchase-to-Pay (the business process of Requisitioning, Approving, Ordering, Receiving and Paying for goods and services) takes more than a “No PO No Pay” Policy. P2P typically touches a significant proportion of employees, spans the traditionally discrete business units of Procurement, Supply Chain and Finance, extends outside of your organization to suppliers, and covers multiple categories of spend across Direct, Indirect and MRO. 

Some of the common mistakes we see are: 

      • Focusing on one particular dimension at the expense of others, for example treating P2P Optimization as a technology challenge; “build it and they will come”, or not actively engaging all affected stakeholders.
      • Misjudging the organization’s level of maturity across the process, aiming too high too fast and setting unrealistic expectations thereby setting the program up to fail.
      • Trying to adopt a “one size fits all” approach, rather than looking at how to optimize the process for the specific things the organization buys, tailored to people’s jobs and culture.

We recognize that P2P challenges can vary depending on your industry. This is why we have produced specific sector lens guidebooks helping you to discover the best practice techniques and solutions you can apply in order to overcome the specific P2P obstacles faced within your sector.

Find out how to optimize P2P within the Energy and Natural Resources, Financial Services and Manufacturing sectors. Download the eBooks below.

5 Pillars of Successful P2P Optimization

Discover the 5 pillars of successful P2P optimization in the video below.

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Blog: Optimizing the three categories of spend

Successful P2P optimization is a true business transformation undertaking, requiring coordinated effort in change management, supplier enablement and technology implementation. It must recognise that there are fundamentally distinct differences between the different categories and sub-categories of goods and services that the organisation buys and that increasing maturity is a necessary pre-requisite for optimal efficiency.

In this blog, we explore how to optimize the three categories of spend: Direct, Indirect, and MRO.