Tag: multi-industry procurement challenges

Overcoming Friction in Purchase-to-Pay Processes

When multi-industry procurement and accounts payable finance teams assess their overall purchase-to-pay (P2P) processes, they can often find areas of bottlenecks and friction. In many cases, the culprit is paper-based or manual-driven exception processes. Such friction leads to added inefficiencies, strained relationships and added costs from multiple areas. They often stem from classic organizational, process and technology enablement barriers.

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The Newest Phase for Elongated Supplier Payments- More Aggressive Supplier Push-Back

Of late, the trend of extending payment terms to suppliers should not be any new news to many of...

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