Top P2P Trends Survey

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Question Title

* 1. Please provide your details

Full Name *

Company *

Job Title *

Country

Email Address *

Question Title

* 2. What are the top challenges that you currently face in your P2P process? (Pick 3)

High percentage of exceptions for invoice approval

Too much paper

Outdated technology

High invoice processing costs

High levels of maverick spend

Long invoice processing times

Lack of visibility into entire P2P process

Efficiently managing suppliers

Recruiting, training and retaining talent

Managing internal stakeholders

Access to correct data

Other (please specify)

Question Title

* 3. What are your top P2P priorities for 2019? (Pick 3)

Set up shared services

Align better with corporate strategy

Start reducing/continue to reduce costs

Improve levels of standardization

Increase automation

Improve our recruitment, retention and talent development

Improve our relationship with Procurement/Finance/Accounts Payable

New product/market development

Managing risks

Increasing cash flow

Other (please specify)

Question Title

* 4. How do you currently enter invoice data?

Invoice details are manually entered by our AP staff

Invoice details are captured via software (eg. character recognition or OCR), then staff validate accuracy

Data capturing is outsourced. We only handle routing and approval of invoices

A combination of manual entry and automation

Question Title

* 5. How does your organization currently approve invoices?

We use an invoice workflow automation tool

Scan the invoice and attach it to an email

Manually (e.g. walk the paper to an approver’s desk)

Mail the invoice to an approver in another office

A combination of manual, scan and attach, and automation

We don’t have an approval process

Question Title

* 6. What type of tool do you use to automate your P2P process?

Home-grown solution

We use our existing ERP/financial system

We use an external P2P automation solution

None

Question Title

* 7. How do your Procurement, Accounts Payable and finance teams work together to streamline efforts?

We sit in silos, use different systems and don’t really communicate.

We communicate occasionally and we review progress.

We have a full-fledged standardised P2P process where we communicate regularly and work towards common goals.

Question Title

* 8. What areas of technology do you see having the biggest impact on P2P over the next 3 years? (Pick 3)

Analytics

Strategic procurement /AP tools

Operational procurement / AP tools

Cybersecurity

ERPs

Mobile accessibility

Cloud computing

Robotics Process Automation (RPA)

Internet of Things (IOT)

Virtual/Augmented Reality

Artificial Intelligence

Other (please specify)

Top P2P Trends Survey

Question Title

* 1. Please provide your details

Question Title

* 2. What are the top challenges that you currently face in your P2P process? (Pick 3)

Question Title

* 3. What are­ your top P2P priorities for 2019? (Pick 3)

Question Title

* 4. How do you currently enter invoice data?

Question Title

* 5. How does your organization currently approve invoices?

Question Title

* 6. What type of tool do you use to automate your P2P process?

Question Title

* 7. How do your Procurement, Accounts Payable and finance teams work together to streamline efforts?

Question Title

* 8. What areas of technology do you see having the biggest impact on P2P over the next 3 years? (Pick 3)

* 3. What are your top P2P priorities for 2019? (Pick 3)