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.
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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