Insourcing, Outsourcing and Cosourcing
Automating the procure to pay process
The most successful corporations today are those that continually search for new and innovative processes and technologies that will allow them to adapt to the ever-changing business environment. Those that do not embrace change, nor have a strategic vision of opportunities for operational and product improvements, most likely will experience a loss of market share, revenue and profit margin.
The purpose of this document is to explore and explain one functional area of cosourcing: Procure to Pay (P2P), which addresses the transactional side of purchasing and accounts payable. Our goal is to define the challenges and benefits in reengineering approaches, and help our clients determine the best solution for their particular business needs.