Procure-to-Pay
The priorities for an efficient Procure-To-Pay process and organization are manifold:
organizational efficiency, digitalization and automation, data management (volume, quality, use and KPIs, etc.),AI opportunities (new uses, prediction, etc.), regulatory compliance, cost control and cash optimization, supplier relations and improved collaboration, fraud reduction, environmental impactmanagement and social responsibility.
These challenges can be approached from two angles .
- For the finance department : expense management, reliability, productivity, control and reduction of payment times, tax compliance, management of the risk of payment fraud/false invoicing.
- For the purchasing department : centralization of purchasing, better visibility and analysis of expenditure for optimized negotiation, increased confidence and transparency in supplier relations, reduction of the carbon footprint of purchasing…
These challenges need to be addressed using innovative technological solutions and an “ employee & process centric ” approachto improve operational efficiency, reduce costs, and strengthen the company’s financial resilience.
“The challenges of the Procure-To-Pay process are numerous and involve increasingly close collaboration between the finance and purchasing departments, bringing into play various stakeholders: the operational, CSR, IT departments and the company’s suppliers”.
Ingrid JURADO, Finance Director
Our value proposition
Our combined Finance & Purchasing expertise covers all components of the P2P process, providing advice and solutions for supplier relationship management, expenditure commitment, invoice control and accounting, payment security and budgetary control.
Flash diagnostics
- Assessment and diagnosis, recommendations
- Data-driven approach using a set of standard extractions to identify and assess areas of malfunction or underperformance
Procure-To-Pay process performance
- In-depth analysis to assess the existing situation, determine the target, the trajectory and the implementation action plan. Axys provides a 360° view of processes, organization and information systems
- Design, production and deployment of Procure-To-Pay dashboards combining standard KPIs and a customized approach to performance management and improvement plans.
Framing and assistance in choosing solutions
- Scoping study and business case for digitizing or optimizing all or part of the process from requisition to payment
- Support at every stage of the selection process
- Pre-identification of solutions and benchmarking with advice on “Best of Breed” approaches and integrated ERP solutions according to desired functional coverage
Project management and business expertise
- Redesign and optimization of the entire Procure-To-Pay cycle
- Providing process and solution expertise for each component of the cycle
Implementation
- Certified integrator of SAP & ARIBA, Ivalua, Coupa, Isybuy and Jaggaer solutions
- Overall management of implementation projects: steering, project management, configuration, technical coordination, change management
Regulatory & Quality
- Framework and implementation of electronic invoicing
- Improving the quality and reliability of supplier repositories, master data governance approach
Our customer cases
Framing, Business case P2P process optimization
For a major player in the public services sector, led the
opportunity study and framework for streamlining the group’s
P2P process, and developed the business case.
Help in choosing an eProcurement solution
Market benchmark of solutions, selection criteria, specifications, investment file and assistance in choosing a P2P solution and integrator for a leader in the construction and maintenance of transport infrastructures.
Steering, project management and change management for the overhaul of the S2P process
As part of a leading retail company, for the different activities
and geographical areas of the world, management of
the process convergence program and deployment of
an S2P solution, project management for the design
and deployment of the core model, and strategy
and coordination of change management.
S2P solution integration
Project management and integration of a S2P solution as part
of the generalization of processes to the business
lines of a major banking group.
Our ecosysteme
A project to entrust to us, meet our experts
Ingrid JURADO
Finance Director, electronic invoicing expert
Jeroon PEDURUPILLAI
Finance Director, electronic invoicing expert
Our support in Finance
Transformation and Excellence
Définir les trajectoires des Directions Financières, les piloter et mettre en œuvre l’amélioration continue
Sustainable Finance
Meet the challenges of global performance and business model resilience around CSR, ESG and CSRD issues
ERP Finance
Manage ERP transformation and optimization projects. Accounting, cost accounting, management, cash management, repositories…
Performance monitoring
Transform performance management systems (management model, forecasting processes, management and reporting tools, etc.) to adapt to a changing environment.
Closing & Consolidation
Optimize and digitize your financial closing and statutory consolidation processes, ensure compliance (Pillar 2, etc.)
Electronic invoicing
Ensure billing and VAT compliance and security, pursue opportunities to transform P2P and O2C processes
Procure-to-Pay
Our combined Finance & Purchasing expertise covers all components of the P2P process
Finance homepage
Support finance departments in achieving efficiency and in their role as Transform Partner.
Do you have a project in mind ?
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Axys is committed to meeting your needs as quickly as possible, and to providing you with customized solutions tailored to your specific challenges.
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