Maximizing Spend Visibility
The Role of Outsourcing Accounts Payable (AP) in Driving Procure-to-Pay (P2P) Value
Procurement is becoming increasingly complex for businesses today. Most organizations struggle to see where their money is going, making it difficult to save and avoid overspending. The solution to this challenge lies in establishing a P2P system integrated with the organization's AP framework. Yet another option is to create a cross-functional team of specialists to monitor shared metrics. However, implementing either of these options has its own set of challenges.Â
This white paper informs you on the best possible way by which organizations can:
- Resolve discrepancies in managing procurement and payables.
- Establish and monitor key spend visibility metrics.
- Spot areas for improvements and process optimization.
Download and read the white paper for deeper insights.