Developing your custom Procure-to-Pay strategy
Procure-to-Pay processes are not one size fits all. No business is the same—there are different existing business processes, systems and desired outcomes—and Procure-to-Pay needs to tailored to optimize impact.
TOP DOWN REVIEW OF BUSINESS PROCESSES
Review processes across verticals or regions to develop replicable outcomes and greater efficiencies.
MULTI-LOCATION PROCESS STANDARDS
Standardizing processes across locations and regions enables centralized control and reporting.
QUANTIFY EXPECTED OUTCOMES
The more procurement activities a P2P system supports the better the information is that can be reported.
Discovery Steps
Workshops with BirchStreet team review your current business practices, determine gaps and opportunities, then identify Procure-to-Pay functionalities that will capitalize on the opportunities.
OUTLINE ASSUMED IDEAL BUSINESS PRACTICES
BirchStreet develops a framework defining which processes to evaluate.
ONSITE REVIEW OF BUSINESS PRACTICES
The BirchStreet team works onsite to evaluate the identified processes.
IDENTIFY PROCESS GAPS AND OPPORTUNITIES
During onsite review analyze breaks between ideal and existing processes.
MATCH P2P CAPABILITIES TO OPPORTUNITIES
Map functionality and best practices against desired future business state.
CUSTOMIZE OPTIMAL P2P STRATEGY
BirchStreet team creates a strategy designed to reach desired outcomes.
The Gold Standard Components
The Gold Standard’s four components help your company reach its business goals with cloud based Procure-to-Pay.
GOLD STANDARD METHODOLOGY
Consulting strategy connecting existing processes to best.
Implementation
System integrations, onsite and webinar training, and template data collection.
Documentation
Taxonomy glossaries and process flow job aids.
Change Management
Monitor and support P2P transition from current to future state.
Gold Standard Case Study
BirchStreet helped a multinational company consolidate its global systems, automate its procurement, and implement standardized processes customized for their business.