Procure to Pay (P2P) Metrics and Dashboards

Why Should You Attend:

The P2P process can be difficult to measure since procurement and accounts payable may report to different organizations. In some companies, accounts payable usually reports through finance and procurement may report to supply chain management.

This session will identify the key functions that impact the P2P process. The instructor will focus on the integral dependencies within the P2P process. We’ll discuss how metrics can highlight the negative and positive aspects of this important process. We’ll discuss how the P2P process can provide cost savings and improvements to working capability. The instructor will also provide examples of metrics and dashboards that have been used at well known companies.

Areas Covered in the Seminar:

• The Power of Dashboards and Metrics
• The Balanced Scorecard
• Identifying  Objectives for the Procure to Pay (P2P)Process
• Dividing the P2P into Measurable Functions
• Defining Metrics for P2P Dashboard (The Four Foundational Groups)
  • Cost Saving and Value
  • Transactional Quality
  • Customer Service
  • Controllership
• Using Metrics as a Benchmarking Tool
• Using Metrics to Identify Cost Savings
• Establishing Service Level Agreements
• Implementation Guidance
• Recap

Who Will Benefit:

• CFOs
• Controllers
• Accounts Payable and Disbursement Executives
• CPOs
• Procurement Executives

Instructor Profile:

Chris Doxey, CAPP, CCSA, CICA is an independent consultant providing Internal Controls and Business Process Best Practice Solutions. She has held senior management positions in accounts payable, procurement, internal auditing, internal controls, Sarbanes-Oxley compliance, payroll, logistics, financial systems strategy, and financial integration at Digital, Compaq, Hewlett Packard, MCI, APEX Analytix, and Business Strategy, Inc. She was recruited to assist MCI (formally WorldCom) recover from their internal control challenges. She has a bachelor's degree in English, a bachelor's in accounting, a master's in business administration, and a graduate certificate in project management. Chris has written numerous articles and published two handbooks: AP Leadership Skills and Implementing a Controls Self Assessment Program for Your Account Payable Process. Chris presents at several conferences and provides a multitude of webinars each year.

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