Process Mining for Procurement
Purchase to pay (P2P) is most common process. However, it can get complex to understand this and track the inefficiencies in it. Considering that multiple departments involved in this process can easily make it a nightmare when not monitored properly. We help optimize and keep this process highly efficient and lean by controlling the key KPI's like on-time payment, reduce maverick buying, capture unused discounts and finally reduce cost per invoice.
Improve order cycle time
Identify the root causes which delays your order completion and recommends appropriate actions to improve your order cycle time
Reduce Manual Rework
We analyse the root causes for manual reworks in your process chain and trends such as time stamps, which employees were involved, or which vendors followed which process variations most frequently
Avoid Maverick Buying
Identify and evaluate negative effects of maverick buying. Uncover spending not controlled by the procurement department, and minimize instances of multiple applications in the processing of invoices (e.g., no 3-way match possible). Ensure compliance to preferred suppliers.
Optimize on-time payments
Analyse the average payment terms and discover causes for late payments. Optimize invoice approval speed, remove unnecessary process steps and complexity in approval rules.
Reduce Cost per Invoice
Measure the expense of each invoice that is processed, from the moment it leaves the supplier to the time the payment is made. Include sum of all salary, and IT costs attribute in your analysis, to uncover process paths with unnecessary costs and their causes.
Capture Unused Discounts
Analyse how much of your spend has discounts enabled, and how much of this are you able to take advantage of. After which you will be able to work out how much your purchase-to-pay operations are saving or losing as a result.
Case Studies
Manufacturing
"We were able to zoom in 10x to details. Identified how inefficieincies are created and when do they occur"