Digital transformation of purchase to pay

Within most large organizations, Finance and Procurement are often separate entities. At the Technical University of Delft (TU Delft), we are no exception, but we are taking steps in the right direction. As project manager for the Procurement department, my goal is to break down those silos and...

The purchase-to-pay process of corporate organizations comprises various strategic processes (such as sourcing or contract management) and operational processes (e.g. procurement and invoice processing). The p2p-process can be made more efficient through automation. However, before embarking on...

Maverick buying occurs within a corporate organization when purchases are made without oversight or control from Procurement. This has several disadvantages, such as the fact that it is not transparent or compliant. Furthermore, maverick spend can result in missed opportunities for procurement...