The battle between finance and procurement seems to be never-ending. Procurement spends money while finance attempts to impose budgets. Unfortunately, Suppliers often find themselves caught in the middle between procurement, the purchaser of their goods or services, and finance, who pays the bill. Streamlining the P2P process is necessary so that everyone is on the same page. Tungsten Network helps do just that.
Tungsten Network e-invoicing, working in conjunction with Tungsten Analytics, analyzes data at the invoice line-level. Slicing and dicing this information at the category, Supplier, and product level is extremely helpful. In addition to eliminating price variances, a streamlined P2P process helps with:
- Contract and policy compliance
- Identifying Suppliers for consolidation
- Reducing total spend
Halt the battle between procurement and finance by enabling teams to make the very best possible decisions for the organization as a whole. Learn more about why you should start streamlining your P2P process by downloading this Category Insight.