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Procure-to-Pay (P2P) Best Practices

Gain a comprehensive understanding of procure-to-pay process automation, and how to establish a successful solution for your organization.

This topic will help you develop a road map that provides your organization with the ability to capitalize on the benefits that can be derived from a P2P implementation. This material will review case studies covering several industry sectors. Gain an understanding of the drivers for P2P success, and how to ensure post-implementation value. There are varying factors to consider when developing the strategy - existing technology and systems, challenges, potential risks, and alignment with company objectives. Learn how to recognize these key decision levers to create a successful P2P program for your organization.

Runtime: 87 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Procure-to-Pay Process

  • Definition, Scope
  • Dependencies
  • Steps Involved

Implementation

  • Success Factors
  • Key Performance Indicators
  • Benefits Realization

Benchmarking

  • Case Studies
  • Key Learnings
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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on September 10, 2020.

Call 1-866-352-9540 for further credit information.

  • ISM 1.25
     
  • Participants who successfully complete this program will receive 1.25 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Kevin Giblin

Kevin Giblin

Chain IQ®

  • Serves as the head of Americas Sourcing & Offshoring for Chain IQ®, an independent, global service company providing strategic, tactical and operational procurement for its clients
  • Highly sought-after speaker on procurement best practices and thought leadership
  • Ranked among the “Top 25 Procurement Thought Leaders” by Thinkers360
  • Reengineered source-to-pay through lean agile project, resulting in measurable process improvements: faster speed to market (49% reduction in cycle time), and greater customer value (increased customer satisfaction 45% in six months)
  • Overhauled travel program, setting sourcing strategy and authoring new policy for $50M spend
  • Delivered savings of 20% on rental car spend, and $4M savings on preferred airlines and hotels program through strategic consolidation
  • Drove market share to a select group of airlines and decreased average cost per ticket by 15%
  • Provided sourcing leadership and governance on selection process for FAO, HRO, and ITO global partners (A/P, A/R, order-to-cash, RPO, HRMS, payroll, and information technology)
  • Developed corporate responsibility and sustainability program, to drive shareholder value and cost reductions resulting in the 2011 Collaborate to Innovate award (IACCM)
  • Can be contacted at 732-770-5083 or [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 404297
Published 2020
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