Blogs on Requisition & Procurement, Expense,
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Tag: Spend Management

Make a Case for Automation - Procure to Pay - ROI Calculator

Making a Case for Procurement Automation

Procure-to-Pay professionals must find clear, compelling ways to communicate the potential savings and benefits of P2P automation to their organization’s decision-makers when making a case for automation. One persuasive argument lies in the savings organizations can achieve using a robust procurement solution. Any system that takes the burden away from all the touch points should be able to give you at least 50 to 60 to maybe 70 percent savings on the cost to process a requisition or a purchase order. Procurement professionals should first assess their organization’s current procurement state and expenses, then demonstrate the savings that can be delivered by P2P automation. To this end, Paramount WorkPlace and PayStream Advisors have collaborated to develop the Procure-to-Pay Calculator.

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