Today’s Chief Procurement Officer is responsible for optimizing the entire procure-to-pay function to reduce expenses while boosting efficiencies. A market shift toward center-led procurement is producing best-in-class organizations that leverage P2P technology to manage the requisition-to-payment processes while reaping the benefit of lowered maverick spending, increased contract compliance and significant spend under management.
By automating, simplifying and accelerating procure-to-pay processes for goods and services, SAP’s solutions including Supplier Relationship Management (SAP SRM) help you cut costs and save money. It can also help you build collaborative supplier relationships, increase on-contract spending, and enforce compliance with procurement guidelines.
Solutions from SAP and our partners can help you connect your multiple ERP systems to one central supplier relationship management system, providing you with complete control over all categories of spend throughout the organization. With centralized procurement management, you can achieve compliance with contracts to sustain savings while reducing operational costs– both key drivers of higher profits.
Gain Control Over Procurement and Ensure Global Compliance
By driving standardized operational procurement processes, you can enable effective control over the procure-to-pay globally across the organization. You can turn negotiated goods and services with suppliers into centralized contracts and catalog content which reflect the right terms and pricing – resulting in realized savings.
Standardize and Automate Operational Procurement Across Your Local Entities
With standardized and automated operational processes across your local entities, you are enabled to streamline procurement for all goods and services, reduce purchasing errors, avoid maverick buying, and eliminate manual tasks and redundancies. Your local procurement staff can also make decisions and take action more quickly with simplified and personalized access to key information.
Effectively Collaborate with Suppliers
By dynamically linking suppliers to your organization, you can further automate and accelerate the procurement order and invoicing cycles and take cumbersome paper out of the process. Automated collaboration also allows for more accurate information transfer and fewer errors in orders and payments.
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Read this eBook if you’re just getting started on your procurement transformation journey, and strive to achieve procure-to-pay excellence.
Read this Solution Brief to learn how you can rapidly deploy a procure-to-pay solution and gain significant savings.Read more
Learn how to reduce costs and shorten cycle times for your invoice-to-pay process.Read more
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