Fri.Dec 13, 2024

article thumbnail

Understanding Procure-to-Pay (P2P) Strategies and Solutions

Jaggaer

Understanding Procure-to-Pay (P2P) Strategies and Solutions Procure-to-pay (P2P) is a crucial process for organizations looking to streamline procurement, improve financial management, and enhance supplier relationships. We break down the entire P2P process, including steps, solutions, and related processes like source-to-pay and order-to-cash. Dive into these essential insights to gain a clear understanding of how P2P can optimize your procurement workflow.

article thumbnail

Expense Receipts: What Are They and Why Tracking Proof of Purchase for Business Expenses Is Important

Planergy

The post Expense Receipts: What Are They and Why Tracking Proof of Purchase for Business Expenses Is Important appeared first on PLANERGY Software.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Comparing Order-to-Cash and Procure-to-Pay: Understanding Their Roles in Business Operations

Jaggaer

Order-to-Cash vs. Procure -to-Pay: A Comprehensive Overview While Procure-to-Pay (P2P) is widely recognized as a key process in managing organizational spend, its counterpart on the revenue side, Order-to-Cash (O2C), often raises the question s : whats the difference and how does it fit into the bigger picture? P rocure-to-pay ( P2P ), the downstream part of the end-to-end supplier management and procurement process, focuses on the expenditure side of the business.

article thumbnail

Part Two: Expanding Procurement’s Influence — Bridging Complexity with Orchestration

CPO Rising

Did you miss Ardent Partners’ recent webinar,Cast a Wider Net: Leveraging Innovation to Expand Procurements Influence and Impact,that shed light on how procurement can deliver greater value by focusing on… The post Part Two: Expanding Procurement’s Influence Bridging Complexity with Orchestration appeared first on CPO RISING - THE SITE FOR CHIEF PROCUREMENT OFFICERS & LEADERS IN SUPPLY MANAGEMENT.

article thumbnail

From Rigid To Resilient: Why Enterprises Need Shopify's Modular Commerce Now

Speaker: Benjamin Woll

Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Shopify’s modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how Shopify’s composable approach helps modernize commerce stacks while maintaining control over critical systems.

article thumbnail

Navigating the Procure-to-Pay Process: Essential Steps and Insights

Jaggaer

Understanding P2P: The Core of Effective Procurement The procure -to-pay (P2P) process drives purchasing efficiency for organizations of all sizes, covering every stage from initial requisition to final payment. This end-to-end workflow , typically managed by procurement and finance teams, ensures compliance, efficiency, and transparency across transactions.

article thumbnail

The Hotchkiss School case study

Fraxion

Case study: The Hotchkiss School By transitioning from a manual, paper-based purchasing process to automated workflows via Fraxion's spend management software, The Hotchkiss School aligned their faculty, finance, purchasing, and IT departments, streamlining operations even as they handled a 170% increase in processed purchase orders.

More Trending

article thumbnail

New GEP Paper: Agentic AI Versus Real Agents?

Procurement Insights

Hi Jon, Did you see that paper by GEP / CIPS? I didn’t read it, yet. Thank you for sending it; I hadn’t seen it. Interestingly, GEP has been following me and my posts on LinkedIn in increasing numbers and frequency lately. 1999 Revisited (Video) – Real Agents Leveraging AI GEP Autonomous Agentic AI Agents (High-Level Summary) GEP is set to revolutionize procurement and supply chain operations by introducing autonomous AI agents into the Source-to-Contract (S2C) and Procure-to-P

article thumbnail

Your Guide to Procure-to-Pay Solutions: What You Need to Know

Jaggaer

What are P2P solutions? Procure-to-pay i s a specific subdivision of the procurement pr ocess. Whereas source-to-contract describe s upstream processes, includ ing sourcing and contract management, procure-to-pay refers to the downstream activities involved in actually acquiring goods and services. P rocure-to-pay solutions create approval flows that ensure the savings negotiated during the upstream S2C part of the procurement process are delivered to the companys bottom line.

article thumbnail

New EU Rules Threaten Mainland U.K. Business Sales to Northern Ireland, Europe

Supply Chain Brain

The GPSR updates existing rules to reflect the growth of online commerce, and aims to give better protections to consumers.

52
article thumbnail

The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay

Jaggaer

The Essential Guide to Source to Pay, Source to Contract, and Procure to Pay Whether youre new to the world of procurement and supply chain management, or a seasoned veteran; whether you work in a major manufacturing industry, a university, or a medium-sized clinical research organization, you may find procurement jargon rather confusing. The bulk of this confusion is caused by only have a partial view of the total process and where we fit into it.

article thumbnail

GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

article thumbnail

Trump Throws His Weight Behind ILA in Dispute with USMX

Supply Chain Brain

ILA workers went on a short but crippling strike in October and, after securing a large wage increase, agreed to go back to work until January 15.

98