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Key Points
  • Multinational companies evaluate procurement transformation as a technology challenge, instead of just cost reduction
  • Benefits from outsourcing procurement are: 75 percent from sourcing, 20 percent from enforcement of compliance, and 5 percent from reduced procurement process costs
  • An alternative to replacing systems is selective enhancement where companies optimize existing tools and platforms instead of replacing them

Why a one size P2P outsourcing solution does not fit all

Most companies testing the procurement outsourcing waters start with procure to pay processes (P2P) rather than encompass the more strategic source to pay continuum. The premise of this insight is that a one size P2P outsourcing solution does not fit all. Including Independent View from TPI

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