Let’s take our definitions of waterfall-agile scrum workflows and incorporate them into the P2P process. Part 1 of “Defining Waterfall-Scrum Workflows for Your P2P Process” introduced one facet of the P2P process–invoice cost–and gave a brief overview of what each of the waterfall and agile (scrum) workflows were separately and how to think of them…
It’s no secret that manual Procure-to-Pay (P2P) costs sap efficiency and drain budgets. When supplier invoice approval and processing lags, it’s tough to get requisitions in on time, checked against contracts and paid. Automating your P2P processes and refining workflows are critical for efficiency, reducing waste, and for tracking your key performance indicators (KPIs). “More…
Traditional Procure-to-Pay (P2P) architecture based on both paper documents and Enterprise Resource Planning (ERP) systems attempt to streamline workflows by digitizing the procurement process. This often results in unnecessary complexity as fragmented data isn’t efficiently integrated into those company P2P workflows, limiting data analytics and employee confidence in managing exceptions. This isn’t particularly conducive to…
Download the presentation: A case study on procurement; ‘How to’ control Maverick Spend and the integration that ISS Group and QAD User A123 Systems developed between iPurchase® and the QAD EAM module for the primary purpose of creating and tracking the spend against project budgets. It provides a detailed overview of the integration developed, the…
Building of Supplier Alliances: Supplier relationships operating in traditional, waterfall workflow silos are still common in manufacturing companies. The Procure-to-Pay (P2P) processes tend to follow strict parameters, with a flow that’s dependent on the preceding requirements. There’s no iteration. Any deviation from the path requires procedural approval that costs time and money. Following agile workflows…
Building the perfect procurement strategy takes careful consideration and planning. It’s a process that can take years of hard lessons learned and refining. Don’t overlook Approval Control into your Procure-to-Pay Workflow. Once you have everything tweaked to suit the needs of your operation, rolling out your approval process is the final piece that brings your…
Automation for Every Step of the Procure-to-Pay Process Adapting your organization to the modern business climate means automating and integrating your work flow. Automation saves valuable hours of manual work and lowers the cost of production for companies. Integration makes insight-rich information more readily available for making informed business decisions. That’s the accepted theory that’s behind the ongoing mass-migration to cloud-based,…
In the procurement space, organizational compliance, and adhering to strict spending caps is a challenge. Occasional noncompliance may seem harmless, but overspending becomes a problem when the economy becomes more volatile. We build spending caps into our work flow to avoid vulnerability to major swings in the economy, not for marginal profit padding when the…
The Procure to Pay Process demands a huge amount of resources. Just putting together the basic pieces – RFQs, contract management, payment processing, and filing documentation – requires dedicated staff and a variety of software solutions. Add on top of that spending caps, regulatory compliance, and data collection for executive decisions and you get the…
Procure-to-Pay Process Digitizing your procure-to-pay (P2P) process with “real-time, out-of-the-box” BPI solutions like ISS Group’s iPurchase™ and iVoucher™ optimizes your company’s P2P process and streamlines your operations. These cloud and web-based solutions integrate with most leading ERP systems and comes standard with QAD Enterprise Applications to take your organization to the next level in purchasing compliance,…
