Knowledge Bank

Procure-to-Pay for Indirect Spend

Procure-to-Pay for Indirect Spend

Research shows that more than 50 percent of procurement organizations today are using some procure-to-pay (P2P) automation software. Yet many of them are unable to achieve the results they expect from their P2P system. What gives?

Conventional P2P systems seldom provide adequate visibility into and control over end-to-end purchasing and accounts payable processes – critical criteria for P2P success.

A new PayStream report ― Procure-to-Pay for Indirect Spend ― explains how best-in-class P2P automation solutions can seamlessly integrate purchasing and payables, enabling greater visibility and cost control over indirect spend. The report also shares key barriers to effective P2P automation, and what enterprise procurement teams can do to mitigate them.

Recommended reading for all procurement and accounts payable pros, complimentary from GEP.