Managing Risks in Procure-to-Pay with the Right Mix of Processes and Technology
As an organization grows, so does its purchases and the number of associated suppliers. With the increase in purchase volume, it becomes increasingly difﬁcult to monitor each and every purchase happening within the organization. Thus, the window to risks in the procurement process opens up. While automation can solve half of the worries associated with the procurement process, there are also other ways in which Procure-to-Pay technology can mitigate these risks. Read on to ﬁnd how you can use your procurement solution to mitigate common risks lurking in your procurement process.