26 Jan 2015 Would you get on a plane designed by a civil engineer?
LONDON, England – (Jan 19, 2015) – Perfect Commerce (www.perfect.com), one of the world’s largest independent providers of procurement, sourcing, and supplier network software and services to the enterprise and public market sectors, announced today their partnership with Purchasing Insight, the P2P experts, in the area of Purchase to Pay automation.
Based on their respective multi-year track record in this area, Perfect Commerce and Purchasing Insight will collaborate to develop valuable market collateral providing insights on the key success factors for P2P projects.
Would you get on a plane designed by a civil engineer?
“If you needed to build a bridge, you’d employ a civil engineer. If you needed to build a plane, you’d ask an aeronautical engineer to design it. Imagine what the bridge would look like if the aeronautical engineer had designed it. It might look cool but would you drive a truck over it? And would you get on a plane designed by a civil engineer? Of course not – yet we often see Purchase to Pay systems designed by the wrong people – no wonder they don’t work.”
Successful P2P projects have support and input from all the key stakeholders – Finance, Procurement and IT and the experience of many purchase to pay projects – both fully successful and less so – points to the need for a three way governance approach in order to deliver full value:
– Purchasing – responsible for delivery of self service purchasing process
– Finance – responsible for providing automated reconciliation, accounting and payment
– IT – responsible for architecture design and compatibility with the rest of the business
In the last ten years many projects have failed to deliver full value or did not achieve their initial business goals because of the lack of alignment of these three key stakeholders.
About Perfect Commerce
Headquartered in Newport News, Va., Perfect Commerce provides world-class sourcing and procurement solutions to the enterprise and public market sectors. Automating spend management initiatives since 1994, Perfect offers a true end-to-end platform that enables businesses to reduce costs while increasing operational efficiency. Perfect’s Open Supplier Network (OSN) is the world’s largest independent supplier network with more than 500,000 suppliers in 150 countries, and more than 1 million end users. A preferred partner to the Global 1000, Perfect’s global customers and partners include market leaders such as Old Mutual, BNP Paribas, Air BP, BAE and West wales Utilities.