Finance and Procurement executives often wonder how well their organisation is performing in key areas, but can't always afford the time or expense of a full-scale analysis or benchmarking exercise. Even when a substantial initiative is being contemplated, an initial "rough cut" assessment is often the right starting point before investing significant resources.
These 15 minute health check guides will provide you with the tools to perform a focused, high level assessment of your organisation’s procurement and purchase-to-pay processes, across five different areas:
- The processing of all non-payroll spend – from requisition and authorisation (or denial), through to purchase order placement.
- The proactive communication with suppliers – from initial qualification and on-boarding, to RFx submissions, management of catalogues, and the exchange of order and invoice transactions.
- The process of receiving, coding, validating, approving and authorising invoices for payment, as well handling supplier queries and cash management.
- The process of soliciting, evaluating, and selecting suppliers using any form of competitive bidding process.
- The process of storing and utilising contracts, monitoring supplier compliance and recognising when to renew or renegotiate contracts.
www.proactis.co.uk/healthcheck
Download/request the guide/s to understand the issues that you may be experiencing in one or more of these process areas. Understand the potential causes of these issues and the possible impact (and cost) this is having on your organisation.
Once you have completed your 15 minute health check, and feel the impact on your organisation is substantial enough to warrant further investigation, you will have a framework to discuss this with the relevant people in your organisation.
If you decide to initiate a more extensive assessment and/or begin looking at tools to address these issues, we can help.
