The CFO’s Guide to Automating Procure-to-Pay by CFO.com

The CFO’s Guide to Automating Procure-to-Pay

P2P Innovation Drives Strategic Value for Organizations

While many companies continue to process their invoices manually and, as a result, incur the high operational costs of those efforts, there is an alternative that enhances the entire procure-to-pay process. In this new white paper from CFO, “The CFO’s Guide to Automating Procure-to-Pay,” the challenges and benefits of an automated approach are discussed in detail. Key among the considerations for automation must be the recognition that it cannot be at its most efficient unless it is integrated holistically. Efficient procurement must include each step of the process, all the way from invoice through to payment. As Matt Clark, COO of Corcentric, notes, “It can’t be procurement to almost payments. You have to completely automate to gain the advantages.”

A single, unified technological approach to manage P2P across departments achieves:

  • Reduced capital investment
  • Less IT investment
  • No hardware requirements
  • Low or zero upfront costs
  • Faster deployment
  • Reduced risk

In addition, a holistic approach provides enhanced reporting and analytics that provide 100% visibility into the P2P process. Download the paper now. You will also discover the key considerations for choosing a P2P partner.