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Common Procure-to-Pay Mistakes to Avoid
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Page 1: Overlooked issues in procure to-pay may 28-webinar vpa_v2

Common Procure-to-Pay Mistakes to Avoid

Page 2: Overlooked issues in procure to-pay may 28-webinar vpa_v2
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How are suppliers viewed at your organization?

Source: Sharedserviceslink Survey

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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

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What could you do to improve your relationship with suppliers?

Source: Sharedserviceslink Survey

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Do you receive invoices electronically?

Source: Sharedserviceslink Survey

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

Source: Sharedserviceslink Survey

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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

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What impact has inaccurate supplier information had on your organization?

Source: Sharedserviceslink Survey

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Source: Sharedserviceslink Survey

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Supplier Information Management

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“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

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“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

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Supplier master data directly tied to sourcing & supplier management

Source: The Hackett Group

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

business-to-business collaboration.

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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.

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