Basically, there are two ways to do it, either to increase the top line or reducing the cost. You too can reap the benefits of an optimized P2P process with a document management system integrated into SAP.All enterprises and corporate aspire to improve their bottom line. Potential advantages cannot be leveraged – advantages your competitors may have already secured. These stumbling blocks ultimately have a negative impact not only on employee satisfaction, but also on the company’s bottom line. Manual steps in the process are very time-consuming, which often leads to dissatisfied employees.A lack of transparency in the process increases the loss of control and leads to breaches of company guidelines.Long waits for approvals and the resulting long processing times lead to reminder fees and the loss of cash discounts.This means a department can end up buying goods or services without involving the purchase department. A lack of checks in purchase order processes can result in wild buying behavior (the maverick buying effect).If the procure-to-pay process is not mapped end-to-end in SAP, there will be stumbling blocks: It’s time to invest in an all-encompassing Procure-to-Pay process based on SAP. Switching between digital and analog processes and all the risks that entails is part of the design. Individual workflows are not connected to form an end-to-end process. However, the procurement process is not considered as a whole. SAP offers some solutions for a few sub-steps. These must be processed and approved, all by different employees across different departments. Not so complicated, right? Remember that the individual sub-processes include incoming documents such as purchase orders, delivery notes and invoices. The graphic shows all the different components involved. Procuring materials is complex, comprising five individual steps – from purchase requisition to payment (Procure-to-Pay, or P2P for short). Using SAP? Then you already have the perfect basis to completely digitalize your Procure-to-Pay process, also sometimes referred to as Procure-to-Pay. Build your digital procurement process with SAP products from d.velop
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