Adopting E-Commerce Technologies In The P2P Process
Download the White Paper: Adopting E-Commerce Technologies In The P2P Process
In this white paper, Open ECX product manager and ex CIO of the Balfour Beatty Group, Colin Darch, examines adoption of e-commerce technologies within a construction Purchase to Pay (P2P) process.
He looks in detail at some of the potential drivers for e-commerce adoption as well as highlighting the key benefits for constructing a strong business case.
Read an excerpt from the white paper below and download the full PDF document, for free.
- The Commercial Drivers – Understanding and Developing the Business Case
- Adoption Project Objectives and Process
- Analytics Benchmarking
- Project Return on Investment (ROI) Calculations
Download the complete white paper below, for free:
Excerpt From: Adopting E-Commerce Technologies In The P2P Process
Understanding and Developing the Business Case
The Business Case
The business case for the adoption of any form of e-Commerce technology within the Purchase–to-Pay process (P2P) traditionally begins with a review, quite often in isolation, of the benefits and opportunities of introducing an e-Catalogue, or delivering e-Orders or processing e-Invoices, and would produce a conventional outline Cost/Benefit Analysis and Return-on-Investment.
It would be more meaningful to the business to have the proposed e-Commerce strategy put into the context of the wider business and financial objectives and to develop a 3-year Purchase-to-Pay (P2P) strategy.
This would articulate the overall business drivers and the particular challenges that the Finance function has to address, and would describe the contribution that improving the cost and performance of the P2P process would have on meeting or mitigating these challenges.