New mindsets needed for P2P transformation
In most companies, only 30% of purchase orders and invoice receipt transactions are electronic—even when these organizations already have e-invoicing tools. So how do you transform your processes? And how do you measure your progress along the way?
In this whitepaper, The Hackett Group explores four dimensions that define a fully digital P2P model:
- Automation: Getting transactions, spend, users and suppliers flowing through an automated process.
- Information: Gathering supplier, catalog, and contract data then converting it into consistent formats and making it available for analysis.
- Stakeholder-centricity: Listening to stakeholders and using platforms and policies to improve the experience for buyers, shoppers and suppliers.
- Talent: Adapt to a changing environment by transforming and filling roles in new areas such as supplier enablement and data analysis.
Download today to learn how the leaders are performing and how you can speed up your own efforts.