Gain vital insights into your Procure-to-Pay (P2P) process with Process Mining to optimise spend and increase working capital

Gain vital insights into your Procure-to-Pay (P2P) process with Process Mining to optimise spend and increase working capital

Client's Challenge

As the transactional volume is high and often quite complex in Purchase-to-Pay (with  many different approvals, procedures, requests, and suppliers), each step  within the process is a potential source of errors.This makes the  Procure-to-Pay process an ideal candidate for Process Mining

Our Solution

In addition to visualizing the end-to-end P2P process flow and process variants as it happens in reality, Process Mining allows to dive deeper into the root causes of the identified process inefficiencies such as bottlenecks, rework,  and order changes, and business rule violations in the process.

Impact Created

  • Discover your as-is process flows, and process variants and discover undesired behaviour such as additional steps, rework, and changes, …    
  • Identify automation opportunities: payment-matching, approval flows, purchase requisition, ...    
  • Continuously monitor effects of improvement initiatives and process performance by tracking important KPI's, such as: Maverick buying, Cycle time, Payment Period, Cash Discount Rate, Duplicate Payment rate, …  
  • Benchmark and compare entities within your organization

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