Many global organizations have experienced significant challenges when combining their procurement and accounts payable (AP) functions to form truly integrated P2P models, a core component of a company’s business processes.
ScottMadden believes that establishing a holistic P2P strategy is critical to fully integrate the P2P process. Key elements of P2P strategy should include a formal governance model, cross-cutting performance measures, plans for shifting staff competencies, and directives, which prepare functions for higher value roles as the P2P organization matures.
Getting P2P transaction processing “right” can offer solid savings potential; however, setting a P2P strategy and moving to a fully integrated P2P model that balances efficiency with the ability to differentiate and address strategic-buying categories, represents the greatest opportunity to increase enterprise value.
“Any successful P2P transformation requires clear alignment across the enterprise,”
ScottMadden has been helping clients create greater value for their corporate services organizations for nearly 30 years. Our highly efficient, collaborative teams employ measurable, award-winning methods and deep cross-functional expertise to improve operational performance.
About ScottMadden, Inc.
ScottMadden is a management consulting firm delivering customized, practical solutions for clients in energy, clean tech and infrastructure, corporate and shared services, and the federal government. Our collaborative, small-team approach, coupled with deep content knowledge, experience, and insight, delivers an exceptional consulting experience and superior results. To learn more, visit www.scottmadden.com | Twitter | Facebook | LinkedIn