Gain comprehensive visibility on your end-to-end procurement process.
Identify reworks, manual changes, bottlenecks, maverick buying, and their root causes automatically. Analyze resources and suppliers’ involvement and their risk.
• What process behaviors lead to maverick buying?
• Is there any variant that performs better that you should make standard?
• Are you missing cash discounts or paying late payment fees because your process takes too long?
• Which suppliers are critical and pose a risk to your organization?
Answer these and more questions and save millions of dollars by minimizing reworks and manual changes or introducing automation in procurement.
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Ensure that you select the best improvement initiatives by measuring their ROI upfront.
• How much time and money will you save by automating your accounts payable?
• Are the changes you intend to implement sufficient to achieve your objectives?
• How do your changes affect risk?
Answer these and more questions and minimize the risk of introducing change.
Monitor your P2P process’ compliance to ensure the process behaves as expected.
• Is your process conformant with its expected behavior?
• Is Segregation of Duties currently implemented?
• Are your employees going outside of the accepted buying channels?
• What are the root causes of non-compliance?
Answer these and more questions, and identify and root out maverick buying, and produce documentation to streamline audits with myInvenio.
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Have any questions?
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