Using Purchase to Pay technology as a driver for growth
It can be quite difficult to illustrate the real benefits of purchase to pay improvements in a real, tangible way. You can’t touch and feel lower risk for example. Indeed it is very difficult to measure the improvement in fraud risk in any meaningful way. And even process automation benefits can be difficult to quantify without sophisticated KPIs.
But this is not always the case. Sometimes, the implementation of good P2P tools can make a very obvious difference and there’s a very good illustrative example of this in Kew Electrical. This short video (less than 3 minutes) shows the evolution of a UK based business growing rapidly and successfully managing a growing mountain of paperwork. By putting in P2P automation they have put a lid on the growing bureaucracy that would otherwise have stunted their growth.
There’s no need for me to describe it – the video explains it all:
Purchase to Pay isn’t always about making global businesses run more efficiently. It is also crucial for medium sized business to support growth.