Spurred by promises of major efficiency gains, purchase-to-pay (P2P) organizations have been navigating digital transformation for several years. However, most still struggle with full process digitization and automation. Organizations should approach P2P automation with customized buying channels and invoice submission methods that are tailored to supplier capabilities. These initiatives, along with supplier consolidation, will lead to cleaner spend information and more effective P2P teams. This in turn will raise stakeholder satisfaction. Notably, the skills required to effectively manage and maintain digital transformation initiatives are quite different from the traditional P2P talent profile.

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