Overcoming gaps to achieve end-to-end visibility and efficiency
Globalization has been a double-edged sword, opening up new business opportunities, but creating many operational headaches for procurement.
Procurement organizations are expected to do more with less, at the same time, three critical gaps are causing compliance risk, fraud and inefficiency.
- Visibility gap - Doing business with thousands of unmonitored companies: 65% of companies have no visibility beyond tier 1 suppliers1.
- Payments processing gap - Separation of procurement and payments: manual reconciliations and exposing expensive invoice fraud vulnerability
- “Last Mile” gap - Lack of holistic view: multiple procurement networks and EPR systems
Breakthrough technology can bridge these gaps, providing a globally comprehensive source-to-pay view across all suppliers and transactions.
Learn how to achieve end-to-end visibility and efficiency for your source-to-pay ecosystem.
1 The Deloitte Global CPO Survey 2016, Deloitte (2018).
Please fill out the form below to get instant access to the white paper.