Menu

Implementing a Purchase-to-Pay (P2P) tool

Following departure from the parent group, the order tool previously used for purchasing was no longer available. The situation was seized on as an opportunity to introduce an integrated P2P solution. The results, including the optimisation of the entire purchasing process and reductions to process costs, fully justified the decision.

Challenge

  • Loss of existing order tool as a result of separation from the parent group
  • Use of opportunity to close existing procedural loopholes
  • Introduction of an integrated P2P solution

Service

Preliminary phase:

  • Definition of tool requirements
  • Putting out to tender
  • Selection of a tool provider

Phase 1:

  • Decommissioning of existing purchase-to-order solution
  • Safeguarding of primary functions without changing interfaces to other systems (such as existing functionalities)

Phase 2:

  • Activation of additional P2P functions in the solution
  • Safeguarding interfaces to principal core data and FI systems

Key data

  • Duration: 18 months
  • Scope of brief: 350 FTE
  • Sector: Financial services
  • Company size: 10,000+ employees

Results

  • Decommissioning of order system and replacement with solution of selected provider
  • Upgrade of P2P tool with activation of additional functionalities: reporting and easyRFX module
  • SAP connection for data transfer (interface management for principle core data and FI systems)
  • Completion of P2P process through integration of the pay solution

Summary

  • Implementation of an integrated P2P solution
  • Reduction of process costs via decentralised order processes
  • Process optimisations from taking a wholistic view of the entire P2P process

 

BackSave project as PDF

Group demerger – focus on contracts

Group demerger – focus on contracts


In the process of separating from its parent group, this financial services provider wanted to…

Introduction of category management

Introduction of category management


For this service provider, STÖHR FAKTOR introduced comprehensive category management for the central purchasing function…

Strategy workshop for managers

Strategy workshop for managers


As a result of restructuring of the purchasing function, changes were made to the management…

Structuring of procedures and processes

Structuring of procedures and processes


In order to raise employee satisfaction in this group's purchasing division, standards were laid down…

STÖHR FAKTOR Unternehmensberatung GmbH
Düsselstraße 4a | D-40699 Erkrath
Fon: +49 (211) 977 19 600
Fax: +49 (211) 977 19 520
info@stoehr-faktor.de
www.stoehr-faktor.de
×
This website uses cookies to make the website more user-friendly, effective and secure. By using this website, you agree to the use of cookies.