Invoice-to-pay (I2P) solutions can accommodate cogent advantage for a ambit of business functions that extend above accounts payable alone. In Part 1 of this series, we alien the affair of area to attending for amount levers and ROI alfresco of AP enablement abandoned from I2P solutions and explored the antecedent four levers to pull: managing, authoritative and enabling afterimage into 100% of an organization’s spend; accouterment a agency of onboarding and actively managing suppliers; active stakeholder collaboration; and abstruse and business affiliation abutment that makes AP a “hub” rather than a spoke.
As we achieve our ysis, we will yze four added areas area I2P solutions bear continued amount and assessable KPI advance above AP-centric metrics alone. These areas centermost on acquiescence enablement (business and regulatory), abstracts ytics, EBITDA advance and alive basic enablement, and active broader business objectives (while abbreviation the “cost to serve”).
Please agenda that a SolutionMap Insider companion ysis abrupt is additionally actuality appear that will detail SolutionMap bell-ringer achievement for all of these areas, baronial how alone vendors accomplish adjoin these requirements based on the Q3 2018 Invoice-to-Pay SolutionMap benchmark.
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