This training on Procure to Pay (P2P) process will discuss the role and power of key metrics and reporting. It will provide a road map and practical guidance for developing and implementing effective metrics that can be used in formulating a P2P Dashboard.
This online training course will identify the key functions that impact the P2P process. It will provide an idea of how metrics can highlight the negative and positive aspects of this important process. Attendees will learn how to actually use metrics and trends to develop areas for business process improvement. The instructor will focus on the integral process dependencies within the P2P process. The four foundational groups of metrics for P2P process will be defined. Participants will learn how to implement a meaningful reporting process.
This webinar will also help attendees understand how the P2P process can provide cost savings and improvements to working capital. It will provide examples of metrics and dashboards that have been used at well-known companies.
Why Should You Attend:
The P2P process can be difficult to measure since procurement, receiving and accounts payable may report to different sections in organizations. In some companies, accounts payable usually reports to finance and procurement may report to supply chain management.This online training course will identify the key functions that impact the P2P process. It will provide an idea of how metrics can highlight the negative and positive aspects of this important process. Attendees will learn how to actually use metrics and trends to develop areas for business process improvement. The instructor will focus on the integral process dependencies within the P2P process. The four foundational groups of metrics for P2P process will be defined. Participants will learn how to implement a meaningful reporting process.
This webinar will also help attendees understand how the P2P process can provide cost savings and improvements to working capital. It will provide examples of metrics and dashboards that have been used at well-known companies.
Areas Covered in the Webinar:
This webinar will cover the following areas:- 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
- Recap
Who Will Benefit:
It will be beneficial for the following personnel involved in the procurement and account management:- CFOs
- Controllers
- Accounts Payable and Disbursement Executives
- CPOs
- Procurement Executives
- Supply Chain Executives
Course Provider
Chris Doxey,
