Factors to indicate automation use to improve P2P process

1
USE OF AUTOMATION
TO IMPROVE
P2P PROCESS
Organizations not initiating P2P automation
processes cannot match up with speed accuracy and
efficiency of those organizations using these
processes. Again, few organizations which have
introduced making use of automated P2P process
through e-procurement systems have a greater
advantage over their competitors. These
organizations have an edge to have faster and
efficient order purchasing and to help gain
higher value. There are quite a few factors that
effectively guide the use of automation to
improve on P2P process. Mentioned below are few
of these steps.
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2
DATA VISIBILITY
The success of automation systems depends largely
on the effectiveness of the procurement process.
The implementation of purchase order allows
procurement working staff to be more productive
and efficient. It also allows reducing the costs
of procurement. This initiative allows businesses
to make use of their employees for more important
activities instead of spending time on manual
data entry.
3
INTERNAL TRACKING
There are few specific purchase-to-pay solutions
available outside organizations. Few of such
solutions to consider are document management
tools, automated requisition systems and
electronic invoicing. Several of these
procurement solutions come with successful
implementation of best practices used. These
solutions also help keep track of all workflows.
4
EASY INTEGRATION
It is essential that businesses make use of
existing procurement solutions. Several
businesses have procurement automation solutions
in their existing ERP systems. Making use of
modules from existing systems can easily
integrate solutions and add to its benefit.
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