P2P - Purchase to Pay Process
Processing financial supply-chain (FSC) transactions is a burden carried by all businesses. However, the size of this burden varies considerably from business to business and varies irrespective of business type or business sector.
Why is this?
Why is it that two businesses buying similar products from the same vendor/supplier arrive at two very different cost models for processing what would appear to be very similar financial transactions? And
why is it that the perception of risk is so different that these two businesses will have widely different control and authorisation processes?
What aspects of their purchase-to-pay (P2P) process are so different, that those businesses that operate the most cost-effective world-class P2P processes are able to process a purchase order (PO) through to settlement for one tenth of the cost incurred by other businesses? (Refer to DIEBOLD awarded with Excllence )
A guideline cost for a European business to process a PO through to payment using reasonably manual processes is around €32 (£22). The same PO, if processed automatically, would cost less than €3 (£2), about one tenth of the cost of a manual PO.
Businesses that operate world-class P2P processes manage to process transactions faster, with much greater efficiency and at a lower cost, and also achieve higher levels of transaction quality than most other businesses. What are the key attributes of their process model that enables them to achieve such dramatically different results? A number of these attributes are discussed within this paper.
Please click here to read the full article.
Why is this?
Why is it that two businesses buying similar products from the same vendor/supplier arrive at two very different cost models for processing what would appear to be very similar financial transactions? And
why is it that the perception of risk is so different that these two businesses will have widely different control and authorisation processes?
What aspects of their purchase-to-pay (P2P) process are so different, that those businesses that operate the most cost-effective world-class P2P processes are able to process a purchase order (PO) through to settlement for one tenth of the cost incurred by other businesses? (Refer to DIEBOLD awarded with Excllence )
A guideline cost for a European business to process a PO through to payment using reasonably manual processes is around €32 (£22). The same PO, if processed automatically, would cost less than €3 (£2), about one tenth of the cost of a manual PO.
Businesses that operate world-class P2P processes manage to process transactions faster, with much greater efficiency and at a lower cost, and also achieve higher levels of transaction quality than most other businesses. What are the key attributes of their process model that enables them to achieve such dramatically different results? A number of these attributes are discussed within this paper.
Please click here to read the full article.
posted by we_d_living @ 11/30/2004 06:57:00 AM
2 comments
2 Comments:
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