While direct purchases in most enterprises are fairly optimized, indirect purchases — with their inherent traits, such as large supplier base, complex data and high invoice volume — are prone to process inefficiencies and higher risk of maverick spending. So, how do procurement managers maintain a hawk-eye on every indirect purchasing activity to ensure savings and compliance?
The modern day solution to this age-old concern is Purchase-to-Pay (P2P) automation.
The 2016 Purchase to Pay for Indirect Spend Report by PayStream Advisors and GEP, explores the current trends in indirect P2P. It also explains how you can streamline indirect spend management with advanced P2P automation tools and solutions.
Inside the report:
- Current Market Trends in Indirect Spend Management Processes
- The Benefits of P2P Automation for Managing Indirect Spend
- Features and Functionalities of P2P Software
A must-read report for all procurement pros looking to drive higher value and deliver enhanced efficiency in indirect spend management. Download your complimentary copy now.