p2p

As always, we’ve covered a lot of ground in the past few weeks on Payables Place. February drew to a close with a detailed look at the reasons to use a corporate travel card, as well as a two-part look at the true value of scan-and-capture invoicing. There were also some thoughts on how to [...]

The Accounts Payable Department Approach For many enterprises, the accounts payable department can be characterized as paper-laden and inefficient. Any function that operates in an almost or fully manual manner can make a straightforward business case for investment and change. An accounts payable department seeking to improve its performance has several key areas upon which [...]

Tomorrow is Valentine’s Day, when thousands of people will proclaim their love to a special someone. The statistics are impressive for the holiday, with the average consumer spending $116.21 on the day, and about $13 billion spend on the holiday in the United States. That’s some impressive numbers, so it’s no wonder that many companies [...]

A strong procure-to-pay (P2P) workflow can be a critical differentiator for enterprises of all sizes. Linking the entire P2P process can lead to operational efficiencies through cost savings, improved productivity, and greater visibility into and compliance with contracts. In order to garner these benefits, however, enterprises must first devise a solid P2P blueprint. The first [...]

The underlying capabilities and drivers behind the most successful social networks can and should have the same impact in business communication and performance. As such, there is a remarkable opportunity for businesses to begin to attack the current social media gap and incorporate many of the key social media capabilities into their business tools, technologies, [...]

When it comes to social capabilities in the procure-to-pay process, there are a few things to consider. Specifically, enterprises need to consider which sorts of social tools to use in the P2P workflow. Today, we’re detailing a specific use-case, along with a specific service that falls into the category. We’ll have a few of these [...]

Editor’s Note: This article is the first in a brief series examining the problem of using social networking tools for procure-to-pay applications. This installment presents the issue at hand, using social media in a procure-to-pay context, and the next part of the series will discuss how to bridge the proverbial gap and make use of [...]

Welcome to the first article in a five-part series that will focus on how procurement, finance, and other professionals effectively build a “compliance management” checklist that addresses multiple avenues of spend management and the compliance ramifications behind strategic spend categories. The first four articles will highlight the dozen items that should be included in an [...]

Collaboration is more than important in the modern marketplace. It’s downright essential to reaching top-performing status as a company. Collaboration in the procure-to-pay (P2P) process is no different, as it’s only through a strong collaboration initiative that companies can reach new heights of profitability. We expand on this in the new Ardent Partners report, “Collaboration and [...]

It’s said that “a rising tide lifts all boats.” This is particularly true when it comes to standardizing and streamlining business processes; greater coordination between stakeholders results in situations where everyone the process touches wins in some way. This truth also extends to the procure-to-pay (P2P) process, which when improved accrues benefits to both internal [...]