Navigating the top 5 third-party risks in procure-to-pay processes

In today’s interconnected business landscape, companies rely on suppliers and service providers for core procure-to-pay (P2P) activities, including order processing, invoicing and payments. This dependency, while essential, introduces potential risks that can lead to operational delays, regulatory penalties and financial instability if not effectively managed.

This article, part of our series on Third-Party Risk Management (TPRM) and Supply Chain Risk Management (SCRM), explores the top risks affecting P2P workflows and some strategies for mitigating them.