P2P

/Tag:P2P

Join Us for a Webinar of Olympic Importance!

  The results for our P2P survey are in! A few weeks ago we went out to the market and asked P2P professionals from procurement to accounts payable - and every stop in between (sourcing, finance, treasury, purchasing, legal, contracting and more) to give us their take on the P2P marketplace. We surveyed 128 P2P champions and asked a [...]

By | July 28th, 2016|Categories: Procure to Pay|Tags: , , , |0 Comments

FREE WEBINAR: The Costs of Poor Supplier Data

Join us on March 29th at 10:00 AM PT for an expert webinar on data quality and the costs associated with bad supplier data. The quality of your supplier data is absolutely critical to the success of your organization.  In a 2015 Deloitte survey of over 200 CPO's across the globe 67% stated that poor [...]

How to Manage Risk in Your Procure to Pay (P2P) Operation through Continuous Controls Monitoring (CCM) and Continuous Transaction Monitoring (CTM)

In my last blog, we discussed the challenges in managing risk in the supplier management process within the procure to pay (P2P) process. If we dive deeper into the day-to-day P2P transactional operations we find that that is virtually impossible to manually screen each supplier or invoice for fraudulent trends and anomalies, especially in “real [...]

By | December 3rd, 2015|Categories: Lavante|Tags: , , , , , , , , |0 Comments

Five Best Practices to Ensure Supplier Compliance throughout the Procure to Pay (P2P) Process

Even with today’s intense scrutiny to supplier compliance and internal controls due to the impact of the Sarbanes Oxley Act of 2002 and other regulatory compliance requirements such as the Foreign Corrupt Practices Act (FCPA), there are still situations in which contracts are established with phony suppliers, employees posing as suppliers, or entities on government [...]

Control Your Supplier Information

Thanks to our good friends at the Institute of Financial Operations for giving me an opportunity to  write a piece in their magazine about a topic that I am quite passionate about - Supplier Information Management!  This article ran in the Q3 2015 edition of FinancialOps and they have been gracious enough to allow Lavante [...]

“The Cabin” – A Fable about Data Quality and Procure-to-Pay

Have you heard the old riddle about the cabin in the woods? It goes like this:  You are alone walking through the woods and you spot a cabin in a clearing up ahead. You are tired, cold and hungry and it is getting dark.   You do not see or hear anyone in the cabin and [...]

What I’ve Learned: The True Impact of Supplier Information in P2P

As a general rule, the most successful man in life is the man who has the best information. – Benjamin Disraeli Over the course of the past 15+ years, I have focused my career efforts towards ensuring organizations leverage the best possible information as they manage their procurement, accounts payable, supply chain, and compliance functions. [...]

By | September 25th, 2015|Categories: Lavante|Tags: , , , , , , |0 Comments

Data Quality from the Front Lines

As the "Data Quality" conversation continues to gain more momentum, we are constantly on the lookout for research and other various bits of data that help to quantify the full scope of the problem.  Really... we need to know this!  "How much is bad data costing our organizations?"  We need to understand the scope of [...]