It goes without saying, it has been a tough few years for the procurement and finance departments! Especially during the recession. The focus within organisations turned towards the finance and procurement departments to significantly reduce costs within all areas of the business.
‘Time is money’ and nothing could be truer than in these functions. It still remains in many organisations that processes and systems are still very manual, this can be a huge problem, it can mean time delays, manual input errors and frustrations for those involved. However, we still see issues with organisations adopting an eProcurement system:
- An inability to integrate with existing ERP and Procurement systems
- An inability to on-board suppliers (in large numbers)
- Global supplier network
- License costs
- Complex and unintuitive user interface
On a positive note, we see that suppliers are now more flexible and willing to work alongside organisations to help them achieve their goals. This opens up a new collaborated working environment which can save organisations time and money.
This is where Invenio’s unique SAP Procure to Pay tool can come into play. It can reduce manpower time from 80% to just 20%, how does it do this? By swapping the work load onto the suppliers.
Here is an example of a typical scenarios:
Now flipped over to your suppliers.
Want to find out more?
Invenio will be hosting a webinar on the 19th of November to discuss how this transition is possible.
Who should attend? Finance and procurement executives who want to improve the way their entire organisation operates and achieve rapid cost and efficiency savings by instituting proven best practices, streamlining business processes and improving financial controls.
You will learn:
- How you as a SAP customers can leverage a procure to pay network to improve your procurement processes.
- Experience how the P2P solution can work with your SAP system.
- Understand how you can simply improve collaboration with your suppliers and business partners
- Hear the Universal Music’s case study. Universal Music are running the system in 11 countries. More than 4,000 internal users are working successfully with the user-friendly solution. Supplier on-boarding has also started and has received enthusiastic response.The administration burden of the P2P process has come down, saving thousands of hours of administrative tasks for the business which can now be utilised better within Universal Music.
Date: 19th November 2014
Time: 10:00 GMT
Location: Online webinar