As enterprise finance teams struggle to gain visibility and control over enterprise spend, a promising opportunity has emerged: working with procurement to jointly develop cost control measures instead of simply collaborating on P&L cost reduction impact.
That opportunity has a name: Budget to Pay™, a technology-based, data-centric approach that extends the reach of source-to-pay, allowing CFOs to differentiate between “good” and “bad” costs with near-surgical precision.
This Procurement Leaders-GEP webcast explores the Budget to Pay concept, looking at how it enables the typical procurement-finance partnership to evolve beyond basic process optimization to achieve true enterprise agility and impactful cost reduction.
Key Discussion Points:
- How Budget to Pay allows procurement to better support finance’s objectives during challenging market conditions
- How to harness the data that is most relevant to the CFO’s decision-making capability
- Deploying new, intelligent technologies to promote cost-related visibility and generate greater speed and flexibility