Overlooked issues in procure to-pay may 28-webinar vpa_v2

Common Procure-to-Pay Mistakes to Avoid

How are suppliers viewed at your organization?

Source: Sharedserviceslink Survey

What suppliers can do to improve their relationship with you?

Key ways to ensure great supplier collaboration?

say “Regular, open channels of communication”

81%

Source: Sharedserviceslink Survey

What could you do to improve your relationship with suppliers?

Source: Sharedserviceslink Survey

Do you receive invoices electronically?

Source: Sharedserviceslink Survey

What % of suppliers are onboarded to your e-invoicing solution?

Source: Sharedserviceslink Survey

55% say that only 20% or less of their vendor master data is incorrect but long tail can still have a significant impact

Source: Sharedserviceslink Survey

What impact has inaccurate supplier information had on your organization?

Source: Sharedserviceslink Survey

Source: Sharedserviceslink Survey

Supplier Information Management

“SIM”

• Consolidating

• x-Functional, x-referenced

• External

• Unstructured

• Predictive / Intelligent

• Real-time

• Indexed / Self-Service

• Process-driving

• Knowledge/Intelligence

Supplier information is not what it used to be

Traditional Vendor Master

• Fragmented

• Siloed

• Internal

• Structured

• Historical

• Batch Mgmt

• Replicated

• Process-driven

• Data -> Info 

Source: The Hackett Group

“SIM 2.0”

Tying information into knowledge, intelligence and

analytics

Leading companies are evolving SIM capabilities

“SIM 1.0”

Organizing and managing all key supplier information

more efficiently and effectively.

• A/P and Proc. Ops biased

• Data governance

• Data integration

• Data quality for spend analysis

• “Virtual Supplier Master”

• Starts earlier in lifecycle (e.g.,pre-registration via supplier portal)

• Focus on hosted supplier self-service

• Inclusion of document-based and/or external content

• SIM application vendors: “SIM Platform”

• Increasing level of bi-directional

• MDM integration

• Workflows driven by custom supplier attributes and other rules (process, regulatory) to support:

• Supplier Perf. Measurement

• Regulatory Compliance

• Supply Risk Management

• Intelligence from “Supplier Network”

• Integrating supplier data to analytics (e.g., supply base segmentation analysis)

Vendor Master File

Focused primarily on ERP/

e-Procurement fields needed to

place POs, pay invoices, and

analyze spend

Source: The Hackett Group

Supplier master data directly tied to sourcing & supplier management

Source: The Hackett Group

All your suppliers. All in one place Simplify your supplier interactions with a platform built for

business-to-business collaboration.

Tradeshift is a supplier collaboration platform that connects buyers, suppliers, and all their processes in one global network.

We help businesses transform the way they work with suppliers today – and adapt to whatever the future brings.

All Your SuppliersOnboard fast & collaborate in real time with your entire

network.

Powerful PlatformRespond to your growing

business needs with apps on our flexible, open platform.

Direct + IndirectManage more of your spend

(including services) than ever before.

Q&A

VISHAL PATELvpa@tradeshift.com