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P2P
Q. Recently, my Accounts Payable department was a part of a re-org and combined with Purchasing. My leadership is researching what to name the combined department (Accounts Payable and… Read More
Friction is undermining the efforts of businesses to optimize their procure-to-pay cycle. Without addressing this friction, a business' procure-to-pay cycle will continue to be plagued by high costs,
… Read MoreFriction is undermining the efforts of businesses to optimize their procure-to-pay cycle. Without addressing this friction, a business' procure-to-pay cycle will continue to be plagued by high costs,
… Read More
We spoke with Jess Scheer, IOFM’s Executive Editor, to get his take on the relationship between procurement and accounts payable—the typical disconnects—and what can be done to improve… Read More
To pay invoices more efficiently, it is crucial to have open communication between AP and your vendors’ AR departments, but that doesn’t mean it happens all that frequently. A recent flash survey… Read More
Financial operations professionals seeking effective ways to achieve improvement in terms of accurate and speedy vendor payments, error-free transactions, and value-added vendor relationships would… Read More
As more organizations implement end-to-end P2P processes to improve performance, service quality, and cost control, it becomes even more incumbent upon AP operations to boost efficiency and… Read More
The “AP & P2P Professionals Speak: On Pain Points, Working Together, and Successes” video series explores challenges faced by real life accounts payable and procure-to-pay pros, and their… Read More
Many accounts payable organizations are siloed from procurement, which can lead to inefficiencies, errors and a negative culture. Where there should be collaboration and shared goals, there is often… Read More
Increasingly, companies are recognizing the value of creating a procure-to-pay (P2P) system that streamlines all purchasing and payment activities into one integrated, end-to-end process. A full… Read More
Having an effective end-to-end Procure to Pay (P2P) process in place creates a positive culture change for the AP function at Riverside Health System in Newport News, VA.
"You can literally feel… Read More
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