How do your finance and procurement operations compare to others?
- Posted by: David Watters
- Category: Best Practices, Procure To Pay
Benchmark Your Finance and Procurement Operations
At Valtatech we want to use our expertise in over 70 source to pay automation and transformation projects to help business leaders to drive measurable value from their finance and procurement operations. The first step of any transformation is being able to benchmark finance and procurement operations to see how they compare to others.
To support business leaders we have created a free online assessment of an organisations finance and procurement operations. The free online assessment asks questions about three main areas of your operations:
- Procurement Operations – how you source goods and work with suppliers.
- Procure to Pay Operations – how you buy and pay for goods and services.
- Data Driven Insights – how you utilise spend, accounts payable and supplier data to improve your business and operational efficiency
Your results are calculated instantly and emailed to you, the comprehensive 13 page report provides:
- Your overall rating
- How you compare against other organisations across the 3 main areas
- How you compare against other organisations in your industry
- A full breakdown of your responses and rating
- An insight into the business resiliency risk that you are carrying as an organisation
- Detailed cost saving opportunities through reducing your invoice processing costs
- Detailed cost saving opportunities through greater control and insights across your spend
- Recommended next steps.