There's no two ways about it. A well-planned and executed deployment of procure-to-pay (P2P) technology creates better operational dynamics between an enterprise procurement organization and its partners in finance.
But get it wrong and you can do more harm than good.
No doubt, P2P software can make life easy for procurement teams. But procurement has a direct impact on the entire value chain, particularly on downstream teams in accounts payable and finance, and a P2P software might not be able to address the requirements and challenges of these teams.
The bottom line is: A procurement solution that is a headache for your partners in the enterprise is no solution at all.
This paper explains how enterprises can engineer a win-win scenario for all the stakeholders in procure-to-pay technology selection and deployment.