For a complete business-driven look at the benefits (and challenges) associated with eProcurement and broader P2P systems integration in a cloud environment, we encourage you to download: : Procurement Systems Integration Within the Enterprise: Exploring Integration In The Cloud.
Line of business and P&L owners are increasingly looking to bridge internal gaps between buy and sell-side activities. Visibility into transactional procurement activity can be a central component of these efforts. By using the visibility gained from real-time systems integration to gauge overall business activity and enabling balance of trade visibility with key partners when they need it versus having to wait days or weeks for the next report or spend refresh, both procurement and non-procurement executives are in a better situation to make sound decisions.
In other situations, we've seen organizations make investments in integration to drive industry-specific compliance requirements (e.g., financial services and healthcare buying tied to approved suppliers and even individuals from approved services suppliers).
In the first post in this series, we explored a number of our summary recommendations from the Spend Matters Perspective: Procurement Systems Integration Within the Enterprise: Exploring Integration In The Cloud. Two additional summary recommendations we believe are critical are:
- Trusting but validating when exploring vendor claims on past P2P integration experience. For example, companies should ask for use-cases and references for similar environments wherever possible. We often find that such discussions may even help guide a future desire integration state (by providing ideas that may not have been considered in the first place)
- Using integration scenarios to better enable procurement to meet specific business requirements today and changing requirements tomorrow; given the importance of P2P systems in enabling overall procurement results delivery both today and tomorrow, companies should look at integration as a continuous process
For those who think that P2P integration is more about systems and IT and less about the business, you're wrong. Dead wrong. CPOs and other procurement executives need to invest the time to understand and articulate how their transactional systems can enable both near-term and future business outcomes. And they should be able to articulate this to not only other business executives, but also to a technology audience that will be responsible for ensuring integration projects and deployments come in on-time and on-budget.
If you're curious about P2P systems integration, we encourage you to download the following Spend Matters Perspective: Procurement Systems Integration Within the Enterprise: Exploring Integration In The Cloud. The research brief is part of the Spend Matters Research Library, a service that offers free access to over fifty Spend Matters papers for qualified procurement and supply chain practitioners.