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:
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.
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