Best Practices for Your P2P Implementation Project And How to Keep it From Becoming a Nightmare [Plus+]

complex sourcing

Editor's note: This is a refresh of our 2015 series on running a successful P2P implementation, which originally ran on Spend Matters PRO. Read Part 1 here.

In the Spend Matters webinar “Nightmare on Procurement Street,” we discuss how to successfully implement a procure-to-pay solution (P2P) and avoid the process from turning into a terrible experience. This 2-part Spend Matters Plus series lays out what tips we suggested for procurement organizations embarking on a P2P project. This is not meant to be an all-inclusive, step-by-step implementation guide, however. We simply want to share our best practice ideas based on our experience and our discussion in the webinar. Today, we will focus specifically on project management as a procurement responsibility, as well as ensuring finance and accounts payable (A/P) are included in the P2P implementation project. Other areas we will cover are remembering the importance of supplier integration, system testing and user training in the P2P process.

Public Spend Forum – Public Procurement Highlights from this Week

invoice

Public Spend Forum (PSF) is a public sector procurement global community and market intelligence platform dedicated to improving public procurement and the public sector market. It tackles universal public procurement issues and produces podcasts, articles, opinion pieces, community notices, and news stories, and hold regular events. To check out what we've been up to follow the links below or follow us @PSpendForum. Unlearning to Learn: A Vested Approach to Services Acquisition In episode 13 of the Public Procurement Leaders Podcasts Kate Vitasek, a Professor at the Haslem College of Business Administration at the University of Tennessee and founder of the Vested® business model, talks about her passion of studying collaborative, highly successful buyer-supplier relationships to see how they perform better than just “average” deals. She explains the five rules of the Vested business model: “it’s entirely a change management process, but organizations that follow the 5 rules of Vested® business management will reap [...]