{"id":820,"date":"2013-10-29T11:35:36","date_gmt":"2013-10-29T06:05:36","guid":{"rendered":"https:\/\/stagingwww.zycus.com\/the-new-benchmark-for-world-class-p2p-process-efficiency-part-4-top-performers-p2p-strategies"},"modified":"2026-02-10T11:22:47","modified_gmt":"2026-02-10T11:22:47","slug":"the-new-benchmark-for-world-class-p2p-process-efficiency-part-4-top-performers-p2p-strategies","status":"publish","type":"post","link":"https:\/\/dev.zycus.com\/freshz\/blog\/procurement-technology\/the-new-benchmark-for-world-class-p2p-process-efficiency-part-4-top-performers-p2p-strategies","title":{"rendered":"The New Benchmark for World-Class P2P Process Efficiency \u2013 Part 4: Top Performers P2P Strategies"},"content":{"rendered":"

We discussed various aspects of P2P <\/a><\/strong>process efficiency in the earlier blogs.<\/p>\n

Let us now proceed further with;<\/p>\n

Strategies Top Performers are Adopting to Find Enhanced P2P Efficiencies<\/strong><\/p>\n

Early adopters of e-Procurement<\/a> that have realized world-class efficiencies in requisition-to-order processes have essentially moved on to the second \u201cP\u201d of P2P, or are at least focusing more on the downstream transactional process, after initial order placement. For instance, a greater focus on process quality has begun to produce at least marginally better results, where 10% of POs require post-issuance correction for the best performers as compared to 14% that require re-work for all others.<\/p>\n

Six Sigma \u2013 indicates overall process quality and order accuracy represents significant improvement opportunity across the board. Another measure of process quality \u2013 the first pass invoice match rate, or the rate at which invoice terms automatically agree with the PO and goods receipt in the case of a 3-way match, reflects a much wider performance disparity \u2013 a 94% hit rate for world-class and only 80% for others, where 1 in 5 invoices are initially mismatched.<\/p>\n

Transactional process efficiency<\/strong><\/p>\n

Another strategy adopted by world-class organizations to improve overall transaction process efficiency is not just to make the 3-way match process more efficient, but adapt the transactional strategy most appropriate to the category, which may mean not requiring a 3 way invoice match or even an invoice at all.<\/p>\n

Aside from the obvious control issues \u2013 since a non-PO order that doesn\u2019t go through the standard procurement process is also almost certainly a \u201cmaverick\u201d purchase with a non-preferred vendor or at other than contracted prices \u2013 the re-work required to retroactively raise a purchase order after the supplier has already delivered goods, is perhaps the ultimate definition of a process defect.<\/p>\n

And nearly all organizations are underwhelming a clear opportunity for transactional process efficiency to remove the invoice altogetherby implementing the P-Card as the settlement method, while capturing higher rebates to boot.<\/p>\n

In the next blog, last in the series we will discuss what innovations have the potential to drive the next wave of P2P efficiencies<\/a>.<\/p>\n

IDC Highlights Zycus AI: A Game-Changer in Procure-to-Pay Solutions<\/h3>\n

Discover why IDC, a leading global market intelligence firm, recognizes the transformative potential of Zycus AI Solutions in the procure-to-pay space. This video delves into how Zycus’s innovative technologies are revolutionizing procurement processes and driving efficiency in the Philippines and beyond. Watch the Video to Learn More!<\/p>\n

<\/div>\n

 
\nFor further reading, click the download button to access the whitepaper Touchless Long Tail Spend – The New Benchmark for World Class P2P Process Efficiency<\/p>\n

Download Whitepaper<\/strong><\/span><\/a><\/div>\n
<\/div>\n
\n

Related Read:<\/strong><\/p>\n

    \n
  1. The New Benchmark for World-Class P2P Process Efficiency \u2013 Part 3: Action Plan for Closing the P2P Efficiency Gap<\/a><\/li>\n
  2. The 4 Less Talked About P2P Challenges in procurement<\/a><\/li>\n
  3. \u201cTouchless\u201d Long Tail Spend: The New Benchmark for World-Class P2P Process Efficiency \u2013 An Intro<\/a><\/li>\n
  4. Procure to Pay Software<\/a><\/li>\n
  5. White Paper \u2013 Integrating ERP with P2P to Boost Business Process Efficiency<\/a><\/li>\n
  6. White Paper \u2013 P2P Touchless Long tail spend: The New Benchmark for World Class P2P Process Efficiency<\/a><\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    We discussed various aspects of P2P process efficiency in the earlier blogs. Let us now proceed further with; Strategies Top Performers are Adopting to Find Enhanced P2P Efficiencies Early adopters of e-Procurement that have realized world-class efficiencies in requisition-to-order processes have essentially moved on to the second \u201cP\u201d of P2P, or are at least focusing […]<\/p>\n","protected":false},"author":1,"featured_media":101451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1945,1937],"tags":[776,681,683,637,408,351,463,649,650,651,613,775,780],"ppma_author":[170],"class_list":["post-820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procure-to-pay","category-procurement-technology","tag-touchless-long-tail-spend","tag-p2p-software","tag-p2p-solution","tag-procure","tag-procure-to-pay-3","tag-procurement","tag-procurement-process","tag-procurement-software","tag-procurement-software-solutions","tag-procurement-solution","tag-procurement-strategy","tag-the-new-benchmark-for-world-class-p2p-process-efficiency","tag-top-performers-p2p-strategies"],"acf":[],"authors":[{"term_id":170,"user_id":0,"is_guest":1,"slug":"zycus-inc","display_name":"Zycus","avatar_url":{"url":"https:\/\/dev.zycus.com\/freshz\/wp-content\/uploads\/2025\/02\/zycus-author.png","url2x":"https:\/\/dev.zycus.com\/freshz\/wp-content\/uploads\/2025\/02\/zycus-author.png"},"author_category":"0","last_name":"Agentic Procurement Platform","first_name":"Zycus","job_title":"","user_url":"https:\/\/dev.zycus.com\/freshz","description":"Zycus is an Agentic Procurement Platform that is redefining procurement from Source-to-Pay to Intake-to-Outcomes. Its unified platform combines native Intake, agentic AI, and an end-to-end S2P core to help enterprises drive real procurement outcomes \u2014 not just transactions. Recognized by Gartner, Forrester, IDC, and customers worldwide, Zycus is shaping the next generation of procurement with the Merlin Agentic AI Platform."}],"_links":{"self":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/posts\/820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/comments?post=820"}],"version-history":[{"count":0,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/posts\/820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/media\/101451"}],"wp:attachment":[{"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/media?parent=820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/categories?post=820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/tags?post=820"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/dev.zycus.com\/freshz\/wp-json\/wp\/v2\/ppma_author?post=820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}