{"id":2900,"date":"2017-01-17T18:28:46","date_gmt":"2017-01-17T18:28:46","guid":{"rendered":"https:\/\/www.peeriosity.com\/shared-services\/articles\/?p=2900"},"modified":"2022-08-26T16:27:07","modified_gmt":"2022-08-26T16:27:07","slug":"implementing-a-cloud-based-purchase-to-pay-solution-to-streamline-operations","status":"publish","type":"post","link":"https:\/\/www.peeriosity.com\/shared-services\/articles\/2017\/01\/implementing-a-cloud-based-purchase-to-pay-solution-to-streamline-operations\/","title":{"rendered":"Implementing a Cloud-Based Purchase-to-Pay Solution to Streamline Operations"},"content":{"rendered":"

With several innovative cloud-based software solutions designed specifically for the Purchase-to-Pay process<\/a> now available, companies have the opportunity to leverage advanced functionality without a large IT investment or a complex implementation project.\u00a0 Such providers as Ariba, Coupa, and Taulia are growing rapidly as companies continue to migrate to these extremely powerful and flexible solutions, and the trend is expected to continue for the foreseeable future.<\/span><\/p>\n

During a recent Peeriosity PeercastTM<\/sup>, a major global consumer products company shared their recent experiences in implementing the Coupa Procurement<\/a> and Invoicing products, including specific details about the benefits and challenges of the implementation and the ongoing use of these software solutions.\u00a0 This company processes more than five million invoices per year, so it would be a major challenge for any solution provider to support that large and complex of an organization, both from a flexibility and scalability standpoint.<\/span><\/p>\n

Prior to their Coupa implementation, this company\u2019s Purchase-to-Pay (P2P)<\/a> technology was not designed to work in an integrated manner across the end-to-end process of sourcing, contract management, order management, and payment processing, resulting in value leakage and manual effort across all stakeholders, including end-users<\/a>, suppliers, Sourcing, and P2P Operations.\u00a0 User feedback was not good, with concerns about the existing technology not being intuitive and having limited system functionality and multiple work-around processes which resulted in diminished controls and user frustration.\u00a0 With internal comments like that, the prospect of having one platform and one environment that integrated Sourcing, Procurement, and Invoice Processing workflows between the company and its suppliers was very appealing to this P2P organization.<\/span><\/p>\n

One key component of the successful implementation of Coupa at this company was the need for it to interface as seamlessly as possible with its primary ERP system, SAP.\u00a0 The Master Data file in SAP was the source of all the information Coupa needed to carry out all the Purchase-to-Pay activities and then to keep the purchase order, goods receipt, invoice receipt, and invoice payment information updated in SAP upon completion of a transaction.<\/span><\/p>\n

Some of the benefits realized by the featured company after six months of going live with Coupa include the following:<\/span><\/p>\n

User<\/span><\/strong><\/span><\/p>\n