While P2P automation technology has been around for almost two decades now, very few standard approaches, processes and/or clear best-in-class performance benchmarks have emerged.
Zycus recently conducted a P2P benchmark study where-in 450+ procurement organizations participated. The study focused on the key performance indicators impacting Next Generation P2P efficiency…
The results of the Benchmarking Report paint a picture of the progress enterprise procurement organizations worldwide have made to date with:
- Creating actionable visibility around indirect spending
- Placing indirect spend categories under management
- Identifying and contracting with preferred vendors
The report paints a comprehensive picture of the Current P2P Landscape and covers over a dozen Key Performance Indicators (KPIs) for Indirect Spending, P2P process accuracy, governance & controls, speed and cost efficiency as well as enterprise adoption, use and ratings for P2P technology solutions and a comprehensive picture of the Current P2P Landscape.
This report was discussed at length in a recent Zycus webinar by Marianna Danchisko, Director Global Procure to Pay, Celgene Corporation, Scott Fitzgerald, Director of Procurement, The MENTOR Network and Richard Waugh, VP Corporate Development, Zycus.
The webinar revealed interesting insights into:
- The key performance metrics for P2P benchmarks and what it means for procurement organizations in 2015
- Where your procurement organization fits into the global competitive landscape for performance on indirect spend management and procure-to-pay efficiency and effectiveness.
- The key tactics that boost P2P system adoption
