Transformation & Consulting
Procure to Pay
Generating Smart Procure-to-Pay Transformation Impact
Having managed over 30 Accounts Payable processes for more than a dozen Fortune 500 companies, we understand the underlying inter-linkages in Procure-to-Pay processes. We leverage that deep and broad foundational understanding—along with the insights from 12 different ERP platforms and 10 different workflow systems—to deliver unparalleled insight and solutions.
Our P2P process-improvement experts focus on streamlining process with “capital light” solution design and flawless execution. Wherever possible, we believe in sweating existing IT systems further rather than investing in new tools/technology. But when a new or well-renovated platform is clearly called for, we are ready to help design disciplined processes and well-crafted policy structures that will be easy to follow and prove indispensable.
Genpact’s comprehensive P2P approach relies very strongly on benchmarking information to identify sub-optimal links in the P2P Chain. Our implementation efforts use Lean Six Sigma principles and methods to carefully identify improvement opportunities.
Using Lean Six Sigma, Genpact helps a major energy company renegotiate payment terms and change its pay-date calculation logic. P2P initiatives such as these helped the company realize $90 million in cash flow improvements in less than 12 months.