Procure-to-Pay Process Improvement
Best-in-class companies ensure they understand that procurement has both a strategic and a tactical focus. Strategic activities, such as Strategic Sourcing, Spend Management and Supplier Relationship Management, are important and deliver meaningful results. But the tactical activities, such as the cycle time and tasks required to place a purchase order and ensure the delivery of the purchase order, are just as important.
When purchasing activities must occur, the processes to execute the transaction need to be fast, reliable, and accurate. Spinnaker’s Procure-to-Pay Process Improvement solutions help clients ensure that:
- Proper service level agreements are achieved
- Pricing is correct
- Supplier communication is effective
- Supplier invoicing is accurate
- Payments are timely and correct
Spinnaker brings a focused process improvement methodology that helps firms optimize their Procure-to-Pay processes by mapping current-state activities, benchmarking performance against best practices, documenting gaps, and implementing a roadmap to improve and optimize the process.