SOURCE TO PAY
This value will come both from the amount of work that can be automated and from likely improvements in compliance , cycle times , and payment terms associated with each step . Any gains must be set against the cost and complexity of implementing suitable technologies . Robotic process automation and smart work-flow solutions are likely to be quicker and cheaper to implement than sophisticated machinelearning technologies and cognitive agents , for example .
The emerging picture of the end-to-end process will provide a comparison of the relative benefits of addressing each step within it , set against the relative cost and difficulty of automating those steps .
Two PRGX data and technology experts recently discussed how analytics and data enrichment can help companies overcome S2P challenges .
“ Whether it is applied to factors such as True Net Cost or Days Payable Outstanding , data enrichment and advanced analytics have the power to transform how companies track , categorize and analyze spend data ,” said Daniel Ebert , Senior Manager of Analytics at PRGX .
Procurement challenges during pandemic COVID-19 has acted as a massive restraint on the agriculture , construction , and mining machinery manufacturing market in 2020 as supply chains were disrupted due to
86 March 2021