Though procurement and accounts payable (AP) have historically held different priorities and goals, aligning these two critical functions can deliver huge gains for your business.
This paper explores the often-missed synergies between procurement and AP and describes the benefits both sides gain by coming together through a connected, collaborative source-to-pay process. Detailed scenarios and use cases compare outcomes for typical vs. optimal approaches, with a wide array of best practices that make it easy to:
Improve KPIs for more meaningful measurement of success
Assess the impact of source-to-pay operations on your prices, suppliers, and supply chain
Model the savings your organization can realize through a next-generation approach
By providing a clear and compelling overview on the value of procurement/AP alignment, this in-depth paper can help you improve efficiency, productivity, and your bottom line.