Everest: Outsourcing the Procure-to-Pay Process

Procurement, FAO, F&A, Everest, Outsourcing, P2P, Procure-to-Pay

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04 Mar 2008 | (Article)

A recently released study by the Everest Research Institute entitled Outsourcing the Procure-to-Pay Process found outsourcing P2P processes is gaining traction as companies expand their focus beyond accounts payable (AP).

Outsourcing the Procure-to-Pay Process examines the expanding market opportunity around the outsourcing of P2P processes, focusing on identifying the emerging value proposition of an end-to-end approach in addressing converging buyer requirements between the F&A and procurement processes. Based on extensive primary research, including a buyer survey and in-depth supplier interviews, the study explores perspectives on adoption trends, solution components, supplier capabilities, and the supplier landscape of the present market. The report also provides over a dozen profiles of the P2P offerings of specific suppliers, along with case studies.

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Lessons from the Outsourcing Journal:

P2P is gaining traction today because it can impact the buyer's business beyond cost savings since it directly addresses the pain points in the buyer's financial supply chain.
Buyers that have outsourced their AP are now interested in P2P because it helps them move up the value chain.
Suppliers are building their capabilities to seize this entry point opportunity.
The FAO suppliers are acquiring companies and forming strategic partnerships to add the procurement piece. But do they want to manage delivery centers?
The PO suppliers have to now focus on the transactional side of the P2P equation.
For the first time, global sourcing can become the norm. Today workers only perform 40 percent of the P2P work offshore; it may grow to 75 percent.

For here for more information or to order the report.

Visit Everest Research Institute

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