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Bringing greater efficiencies to the procurement process
Is your accounts payable organization focused solely on transaction processing rather than creating business value? Are you looking to transform your payments organization into a strategic asset? Are you interested in managing your Days Payables Outstanding, or DPO, and maximizing the amount of discounts earned?
If you answered “yes” to any of these questions, you may want to investigate outsourcing all or part of your procurement function. With the right procure-to-pay payment services, your company can:
- Increase working capital by optimizing DPO and discounts earned
- Reduce operating expenses through process automation, industrial engineering, Six Sigma methodologies and labor cost savings
- Increase controls and compliance through rigorous process design, quality programs and best-in-class tools and technologies
- Free up retained resources to focus on strategic issues such as spend optimization rather than transaction processing
- Minimize infrastructure and technology costs by leveraging HP’s global infrastructure
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A wealth of benefits
When you choose to outsource your procure-to-pay payment activities to HP, your company can benefit from:
People and locations
- Well-trained, highly qualified subject-matter experts in low-cost areas to provide integrated purchase-to-pay services
- POs processed in more than 30 languages
- Dedicated purchase-to-pay staff located across six global business centers
Proven processes and best practices
- Holistic end-to-end process approach for managing purchase-to-pay
- Increased PO compliance and coverage
- Maximized use of invoicing, EDI, ERS, ACH and Purchasing Card
- Consolidated reporting
- Vendor file maintenance program
- ISO 9001:2000 certified quality standards incorporated as part of solution design at all delivery centers
- Business continuity plan with backup centers for all core processes
Tools and technology
- Self-service portals
- Workflow enabling matching and authorizing technologies
- eForms for master data management
- Scanning and document management
- Automated duplicate detection
- Web-based invoicing
Proven services capability
- Standardized policies and procedures tailored for specific regions and cultures where required
- Consolidation and centralization of processes and people into our strategically located global centers
- Dedicated customer support model
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