Procure-to-Pay Solution for Indirect Procurement
Infosys' comprehensive Procure-to-Pay solution addresses indirect materials and services procurement by consolidating industry-best practices and proven ERP and procurement systems.
Our approach enhances your existing ERP systems through a services procurement-related functionality. It ensures you do not have to manage duplicate functionality and data between ERP and niche products.
| Challenge |
Solution |
Benefits |
Lack of visibility in terms of:
- Spend
- Standard rate card for services across the organization
- Traceability of actual spend and expenses vs. budget
- Compliance with contract, policies and regulations
|
- Spend categorization and planning
- Data-driven sourcing
- Better spend analysis
|
- Facilitates better planning and strategic sourcing through timely information by service / commodity category
- Improved spend visibility and negotiating clout with suppliers
- Enhanced quality and timeliness of information on services
- Strategic sourcing savings of 5%-15% of total spend
|
Lack of control in:
- Fragmented spending
- Contract leakage / off-contract spending
- Internal and supplier performance metrics
- High costs and cycle times
|
- PO-based procurement leading to better tracking and compliance
- Continuous spend monitoring and optimization
|
- Reduction in fragmented buying –from 32% to around 2%
- Improved contract compliance – 3%-15% of spend reduction
|
Lack of collaboration due to:
- Limited involvement of purchasing
- Poor internal coordination
- Low supplier adoption
- No supplier enablement and governance model
- Limited integration with project, operations, finance and HR systems
|
- Payment automation
- Supplier enablement and improved collaboration through online negotiation tools and supplier collaboration module
|
- Leveraging existing investments in ERP systems and implementing best-in-class indirect procurement processes
- Customer and vendor collaboration support
|
Process complexity due to:
- Multiple categories with unique requirements
- Variation of processes between business units and categories
- Manual, disjointed processes with multiple hand-offs
|
- Bringing together disparate spend categories, business units, people and systems
- Automation of low dollar purchases to achieve cycle time reduction
|
- 25%-60% efficiency gain
- Reduced hand-offs, improved cycle time and overall productivity
- Reduced total life cycle costs (for indirect procurement materials and services) by 10%-25%
|
