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- Organizations can no longer afford the traditional loose buying processes that prevail in many departments. The high number of informal transactions by email, phone, fax and credit card open the door to uncontrolled buying. Today?s organizations need much better visibility into the ﬂow of purchase orders and invoices, the supplier base and any negotiated discounts. Yet with such signiﬁcant beneﬁts to be gained, why are so many companies reluctant to drive for Procurement process standardization and contract adherence? Today?s shared service center (SSC) is better positioned than a retained IT function to partner with both Finance and Procurement and help the organization reach end-to-end vision of the P2P process. In fact, by implementing shared and integrated tools for these two key functions, SSCs can quickly deliver both strategic and operational beneﬁts. Eventually it all comes down to justifying any new SSC with a business case that is compelling to all key stakeholders, including top management, Finance and Procurement
- Sponsored by: Basware, Inc.
- Released: June 12, 2013
- Length: 9 pages
- Format: PDF (1125 kb)
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