Jaggaer

DECEMBER 13, 2024

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.

Strategy 52

Strategy Procurement Procurement strategies Contract 52

Planergy

DECEMBER 13, 2024

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

Purchasing 52

Purchasing Import Management 52

Jaggaer

DECEMBER 13, 2024

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.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Vendor relationships Buyers 52

CPO Rising

DECEMBER 13, 2024

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.

Influencing 52

Influencing Chief Procurement Officer Innovation Supply management 52

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Supply Chain Optimization

Jaggaer

DECEMBER 13, 2024

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.

Supply Chain Efficiency 52

Supply Chain Efficiency Procurement Purchase orders e2e 52

Fraxion

DECEMBER 13, 2024

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.

Purchase orders 40

Purchase orders Spend management Purchasing Management 40

Procurement Insights

DECEMBER 13, 2024

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

Supply Chain Efficiency 59

Supply Chain Efficiency Agile and Lean Supply Chain Supply chain Supplier relationship management 59

Jaggaer

DECEMBER 13, 2024

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.

Supply Chain Efficiency 52

Supply Chain Efficiency Eprocurement Procurement Contract 52

Jaggaer

DECEMBER 13, 2024

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.

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Sourcing Contract Procurement Chief Procurement Officer 52