Delivering Strategic Value in Purchase-to-Pay by The Hackett Group
Did you know that Top-performing purchase-to-pay organizations report 10% year-on-year improvements in efficiency, effectiveness, and experience?
We think it’s time to automate your P2P processes.
The priorities of purchase-to-pay teams have changed over the past decade. Today, 52% of organizations prioritize delivery of strategic value – including effectiveness and stakeholder experience – over pure efficiency. This is not to say that reducing cost is no longer important. On the contrary, having successfully transformed themselves into engines of efficiency, basic cost management and takeout have simply become business as usual in purchase-to-pay organizations. The streamlined processes, improved controls, and optimized data that make efficiency possible have given top performers a robust foundation from which they are now delivering additional strategic value. Organizations that want to emulate this success can do so through a three-stage transformation model consisting of foundational improvements, followed by optimization and culminating in strategic value delivery.