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Procurement and Finance: A Fine Purchase-To-Pay Romance or the Best of Enemies?

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Published:  April 28, 2017
Access Level:   Free
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In most organisations, both the Procurement and the Finance functions have an interest and involvement in the purchase-to-pay process, from initial contact with suppliers and ordering of goods or services, through to invoicing and payment. While there are many areas of common interest between the two parties, there are also areas where they disagree, whether about the P2P process itself, the systems that support it, or the development route it must take to remain in line with strategic objectives.

In this briefing paper, supported by Basware, a global leader in purchase-to-pay and eInvoicing solutions, we look at why Procurement and Finance often work in less than perfect harmony, where it is aligned and where there is conflict. We then suggest steps that either side can take to create or improve a collaborative working relationship.

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