Gain vital insights from your data. QPR ProcessAnalyzer helps you increase the efficiency of your procurement process and enjoy significant cost savings. View automatically-generated visualizations of process flows and identify symptoms of inefficient processes, such as bottlenecks, rework, Maverick Buying, and conformance violations.
Did you know that you can get an x-ray of your purchasing process and see all Maverick Buying that is taking place in your organization within minutes with process mining?
Not only will you spot root causes behind noncompliant procurement, but you can see patterns and dig much deeper into the issues behind the problem.
Watch the video to find out more!
What is the Purchase-to-Pay Process?
The Purchase-to-Pay process is also known as PtP, procure-to-pay, or req-to-check. It refers to business processes that cover requisitioning, purchasing, confirming, receiving, paying for, and accounting for goods and services.
As the transactional volume is extremely high and often quite complex (with different approvals, procedures requests and suppliers), each step within the processes is a potential source of errors.
This makes Purchase-to-Pay a good target for process mining, which brings visibility to the entire end-to-end process and identifies root causes for problems.
Why Process Mining?
Would you like to have better procurement, lower buying prices, and higher internal efficiency? Process mining not only visualizes the end-to-end Purchase-to-Pay process in process flow charts, but also effectively pinpoints business segments with the biggest improvement potential.
Process mining helps you improve your Purchase-to-Pay process performance and achieve the following business benefits:
Purchase-to-Pay with QPR ProcessAnalyzer
This solution fits all Purchase-to-Pay analysis needs, and the best part is: you don't have to be a data scientist. QPR's Purchase-to-Pay solution contains pre-built presets for analyzing and optimizing the purchase-to-pay process. Analyze lead times and price changes, see process conformance and automation opportunities, and spot Maverick buying and its' root causes from the same view.
Moreover, you'll have access to the advanced features of QPR ProcessAnalyzer: the industry’s leading Root Cause analysis, AI-based Clustering analysis, and advanced Machine Learning functionalities.