Intelligent Automation: Making Smart Procurement

Description:

Automation has been at the core of procure to pay transformation discussions for some time now. The aspirations of procure to pay leaders have also shifted to the next level, to keep pace with growing possibilities. E-invoicing, productivity, and straight-through-processing are some of the key areas against which procurement performance goals are defined. However, with businesses being essentially dynamic, the baseline of procurement goals is bound to shift with time. Here, we examine the various factors behind the shifting baseline for straight-through-processing (STP), to establish that it is more a journey than just an endpoint goal.