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Right across Europe, and indeed globally, companies are increasingly aware of the need for best-practice sourcing and procurement. But only a small number of firms are actually able to deliver a world-class performance, whether success is measured in total cost of ownership (TCO), working capital or availability of materials.
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66.7% of P2P Professionals say Automation is 'Very Important' to Current Strategy
Right across Europe, and indeed globally, companies are increasingly aware of the need for best-practice sourcing and procurement. But only a small number of firms are actually able to deliver a world-class performance, whether success is measured in total cost of ownership (TCO), working capital or availability of materials. A recent Finance IQ survey, conducted ahead of the European Purchase-to-Pay Summit in October, revealed that European organisations are rapidly waking up to the growing importance of automation when developing purchase-to-pay (P2P) processes.
Current trends in P2P strategic delivery
The latest findings from Finance IQ suggest that companies are focussing a large proportion of their total available resources on the delivery of P2P strategy. When asked to disclose the number of people they currently have working within their P2P team, two-thirds of respondents claimed to have at least 50 employees in this area. One in three delegates said that more than 100 people were working to deliver the P2P strategy within their team. The remaining 33.3 per cent came from organisations with far fewer resources, between ten and 20 employees, allocated to P2P processes.
For the report in full please click here: http://bit.ly/pdJ8GH or http://www.ptopsummit.com/Event.aspx?id=571872&utm_campaign=Helen%20&utm_medium=HWOnline&utm_source=ArticlePosts&MAC=HW-PROMO_P2P
The European Purchase to Pay Summit 2011 event will be hosted from 10th to 12th October in London, UK. For details, please visit: www.ptopsummit.com, email: [email protected] or call freephone: 0800 652 2363.
