Efficiency in both procurement and accounts payable activities can lead to clear benefits to an organization's procure-to-pay process. One way that organizations are looking to increase efficiency is through modernization—in particular technology adoption.
The infographic below presents the degree to which technology is used in different parts of the procure-to-pay process and the potential benefits of modernization.
Read the related article: The Benefits of Modernizing Procure-to-pay
APQC is a member-based nonprofit and one of the leading proponents of benchmarking and best practice business research. Working with more than 500 organizations worldwide in all industries, APQC focuses on providing organizations with the information they need to work smarter, faster, and with confidence. Every day we uncover the processes and practices that push organizations from good to great. Visit us and learn how you can make best practices your practices.
SC
MR
Latest Supply Chain News
- Few executives believe their supply chains can respond quickly to disruptions
- Technology’s role in mending supply chain fragility after recent disruptions
- Tech investments bring revenue increases, survey finds
- Survey reveals strategies for addressing supply chain, logistics labor shortages
- Israel, Ukraine aid package to increase pressure on aerospace and defense supply chains
- More News
Latest Podcast
Explore
Procurement & Sourcing News
- Israel, Ukraine aid package to increase pressure on aerospace and defense supply chains
- How CPG brands can deliver on supplier diversity promises
- How S&OP provides the answer to in-demand products
- There is still work to do to achieve supply chain stability
- Blooming success: The vital role of S&OE in nurturing global supply chains
- How one small part held up shipments of thousands of autos
- More Procurement & Sourcing