Transform procurement to build business resilience
Cash flow, cost-saving measures, and user experience are hallmarks of a well-oiled procurement function. Weaknesses in these areas can damage your competitive edge, but a seamless, touchless procure-to-pay (P2P) structure can help build resilience. We build transparent P2P systems that are predictable, supported by experts, and rich in data to help you make informed decisions and enhance your procurement function.
A user-friendly system with up-to-date cataloging decreases rogue spending and increases e-invoicing.
Dropbox cuts its procurement cycle time by
>50%
in just eight weeks with complete control of the corporate spend
A 360-degree view of P2P helps establish KPIs and analyzes contracting, supplier performance, payment, and spend.
On-time payments increased to up to
80%
for a medical equipment and healthcare company
Integrated, digitally-enabled P2P systems help boost the bottom line, elevate user experience, and enable smarter decisions.
Lay the groundwork for best-in-class P2P
To maximize value from integrated P2P, we start with a deep-dive analysis of current procurement and accounts payable (AP) methodologies. We take a holistic approach, utilizing process mining, digital tools, workflows, and analytics to optimize return on investment in purchasing and payment functions.
Out with old technology and in with AI
Our business platform, Genpact Cora, enhanced by procurement platforms like Coupa or Ariba, leverages AI capabilities to enhance P2P process transformation. Our extensive network of partners enables our solutions to adapt to your structures and systems.
Protect against procurement risks
Mitigate procurement risks with guidance from our experienced advisors, robust supplier management procedures, and catalogs for guided buying. Our engineers are experts in source-to-pay analytics, and we can host centers of excellence to realize the full potential of your data.
Our P2P integration approach
Identify areas for improvement: Examine purchase requisitions, purchase orders, and goods-received documents. Review buying channels and AP processes and evaluate technology
Create the project plan: Design streamlined processes for buying channels, supplier management, and other critical functions. Establish governance and compliance procedures
Execute the P2P system and set up an analytics framework to help you get the most out of your working capital
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