Five Recommendations for Overcoming Flaws in a P2P Process

Finance organizations that wish to optimize their procure-to-pay (P2P) processes need to focus on achieving “true straight-through processing (STP).” "STP allows invoices to travel from the supplier’s billing system straight through AP to payment,” says Danny Thompson, Vice President—Strategic Account Relationships at OB10. “Payments consistently occur on time—and on-time payment allows organizations to capture discounts and avoid late fees.” Thompson explains the key steps finance needs to…