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Hackett Purchase to Pay Benchmark Report
The recently conducted, Hackett Group Purchase-to-Pay Study, sponsored by Zycus, highlights many best practices and provides snapshot of P2P performance metrics.
A Few highlights from the overall results of this study;
- Compared year-over-year, Top Performers are reducing purchasing operations costs, while AP costs are relatively flat
- While most organizations lack customer centricity in P2P, Top Performers actively focus to guide requisitioners to preferred suppliers and proper buying channels
- Process automation is the foundation to driving business agility, spend visibility, predictive analytics, and working capital optimization