Standardizing Your Procure-to-Pay Process

Published On:
June 14, 2016
Authored By:
Member Only Content:

Organizations with high-performing procure-to-pay processes examine how these activities interact in order to boost productivity and efficiency. In doing so, they ultimately reduce process cost and improve their cash flow. This document lays out steps compiled from APQC’s Process Classification Framework® and key performance indicators from APQC’s Open Standards Benchmarking® database for procurement and accounts payable.