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Managing enterprise spending more efficiently
Are you looking to transform your procurement organization from a transactional overhead function into a strategic asset that adds value to your business and improves your bottom line? Is your organization faced with the seemingly disparate goals of trying to reduce costs while improving performance and increasing business impact? Are fragmented local organizations, legacy tools and technology—not to mention non-uniform processes—preventing you from optimizing your spend leverage?
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 strategic and operational procurement services based on a holistic approach to managing procure-to-pay activities, your company can:
- Lower cost of goods and services purchased by increasing leverage and improving spend management
- Reduce operating expenses through automation, process improvement and labor arbitrage
- Improve controls and increase compliance by integrating purchase order, general ledger and accounts payable systems and building in automated controls
- Enhance strategic focus by freeing up resources from transactional activities and non-strategic sourcing/category management
- Improve reporting and consistency in financial data consolidation by establishing cohesive processes
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Reap the benefits
When you choose to outsource your procure-to-pay activities to HP, you leverage our supply management expertise, extensive global presence and fifteen-plus years of shared services and outsourcing experience. Our experienced teams use proven processes and world-class tools and technology to design and create a procure-to-pay solution tailored to meet your specific needs. By outsourcing to HP, your company can benefit from:
People and locations
- Well-trained, highly qualified subject-matter experts in low-cost locations to provide integrated services
- POs processed in more than 30 languages
- Dedicated staff located across six global business centers
Proven processes and best practices
- Holistic end-to-end process approach for managing purchase-to-pay activities
- Increased PO compliance/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
- Comprehensive workflow solutions
- eForms for master data maintenance
- Automated duplicate detection
- On-demand spend management tools such as eSourcing and eProcurement
Proven services capability
- Standardized policies and procedures
- Consolidation and centralization of processes and people into our strategically located global centers
- Dedicated customer support model
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Measurable business outcomes |
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HP BPO Procure-to-Pay Procurement Services help deliver tangible business results, including:
Increased operational efficiency
- Improved service delivery through transaction processing automation and reduced turn-around times and greater accessibility to goods and services
- Reduced operating expenses by outsourcing labor, process improvement, and automation
- Decreased investment in IT and other infrastructure support
- Improved contract compliance (i.e. right supplier, price and terms)
- Reduced cycle time
- Improved reporting and transparency
- Improved controls
- Increased compliance with policies and procedures
- Significant reduction in maverick spending
Spend optimization
- Improved management of all spend categories
- Improved spend aggregation across divisions and geographies
- Lower cost of goods and services acquired
- Transparency over spend and process performance
Greater focus on core competencies
- Improved ability to manage contract compliance and monitor supplier performance across the organization
- Management time freed to focus on strategic aspects rather than operational
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