Supplier relationships are highly dependent on the procure-to-pay (P2P) architecture that you have in place. Efficient P2P processes can build and improve your supplier relationships. The traditional architecture uses a combination of paper documents and ERP systems. The goal is to streamline a workflow by digitizing a portion of the procurement process. The problem is…
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…
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…
In almost every business, internal transactions cover only part of your enterprise resource planning (ERP) needs. Past a certain point, improving your own systems and records can only do so much when it comes to efficiency. If, for example, suppliers are not on the same page when it comes to purchasing and tracking, then it’s…
A Deeper Look at iApprove™ Capabilities – Approval Routing Processes with Something Better iApprove is one of the most powerful and comprehensive tools within the ISS Group’s Business Procurement Optimization software solution suite. A configurable rules-based Approval Routing and Buyer Alert solution, iApprove utilizes the ISS Group Advanced Approval Routing Technology (AART™) for routing of Approvals…
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…
Digitize these 7 Key Process Activities Download the presentation on the Procure-to-Pay (P2P) process for QAD EA, presented by Sean Brown, IT Manager at Somero Enterprises, at the MWUG Conference October 9th in Grand Rapids, MI. To a packed session, Sean discussed what P2P is and the benefits of ‘Simplifying’ the Procure-to-Pay Process, reviewing…
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,…
Dynamic Approval Routing Improves Efficiency and Productivity across the Enterprise Intrinsic to any product management lifecycle is its approval process. Slow sign-offs not only interrupt workflow controls, but delay entire manufacturing processes. ISS Group’s iApprove™ approval routing solution circumvents such delays so the right people sign off on the right forms at the right time.…
