P2P

By Keith D. Dabbs, MBA, CMRP, APM Coordination and collaboration between AP and  purchasing form the foundation of an effective P2P process—and communication is the ground on which this foundation… Read More

Does it ever feel like AP and Procurement don’t speak the same language? You’re not imagining things. Often, issues as basic as “unit of measure” and “unit of price” can differ between… Read More

The effectiveness and efficiency with which AP executes the communication part of the P2P cycle is largely dictated by the way in which the purchasing part of the cycle is handled. In other words,… Read More

Approaching continuous improvement in a P2P environment can seem like a daunting task. It can be difficult to determine how to begin an endeavor that, by its very name, has no end. Matthew Molter,… Read More

Most organizations run P2P in two separate silos: Procurement is responsible for selecting and negotiating terms with vendors and then ordering goods or services from those vendors. And then the… Read More

When AP practitioners discuss improving P2P, the conversation almost invariably focuses on automation. Which technology would accelerate how quickly we: scan invoices, match the invoices to POs,… Read More

Phase #3: Are You Ready to Automate?

Step 5 — Considerations Before Investing in New Technology

One of the most common, and expensive, mistakes made when trying to improve procure-to-pay is… Read More

Phase #1: Know What and How You Execute P2P

Step One: Define the Problem

Improving procure-to-pay (P2P) isn’t just about squeezing out costs or freeing up time. Poorly run processes can damage… Read More

Phase #2: Standardize and Specify How the Work Gets Done - Step 3: Standardize Roles and Responsibilities Identifying how the process should run, and by whom, is crucial to driving… Read More