This webinar will provide a roadmap for the implementation of key metrics and reporting that can be used for the P2P process. The instructor will provide practical guidance for developing metrics that are reportable, actionable, and will stand the test of time. Attendees will learn how to actually use metrics and trends to develop areas for business process improvement. The instructor will define and explain the four foundational groups of metrics for P2P process and how to implement a meaningful reporting process.

Why should one attend this webinar?
The P2P process can be difficult to measure since procurement, receiving, and accounts payable may report to different organizations.  In some companies, accounts payable usually reports through finance and procurement may report to supply chain management. This session will identify the key functions that impact the P2P process.  The instructor will focus on the integral process dependencies within the P2P process. We’ll discuss how metrics can highlight the negative and positive aspects of this important process. We’ll discuss how the P2P process can provide cost savings and improvements to working capital.  The instructor will provide examples of metrics and dashboards that have been used at well-known companies.

Areas covered in the session?

• The Power of Metrics and Reporting: Definitions and Examples


• Defining the P2P Business Process


• Is the Balanced Scorecard the right approach for your company?


• Identifying Objectives for the Procure to Pay (P2P)Process


• Dividing the P2P Process  into Measurable Functions


• 
  Defining Metrics for P2P Dashboard (The Four Foundational Groups)
  
  
  
  • Cost Saving and Value
  
  
  • Transactional Quality
  
  
  • Customer Service
  
  
  • Controllership
  
  
  
  


• Reporting Metrics:  Identifying the Opportunities


• Implementation Guidance


• The P2P Metrics Toolkit