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The Key to P2P Success – The First P in P2P is People

Building Connections and Strengthening Business

process people imageFor over a decade we’ve been connecting people and businesses across finance, accounts payable, treasury and procurement. At a time when the functions were often viewed as quite separate, our aim was to provide a platform to raise visibility and provide an opportunity to network and share success stories and challenges. These days, that network has grown to over 15,000 professionals.

While the move away from paper might be a little slower than anticipated, the pace of technology in the last 3 years, and the effects of Covid-19 have accelerated the rate. But it’s not just the technology that’s moved on, it’s also mindset. You’re much more likely to come across someone who heads up a connected procure to pay department now, than at any other time in the history of the industry. And yet…

Do You Know Which P is in the Driving Seat?

Even now, when faced with an implementation project, can you be sure that all the right stakeholders will be involved? Is P2P being pushed from finance or is it the other P that’s in the driving seat? Ultimately, for the process to work, the culture of the company needs to be such that egos can be pushed aside, significant players identified and involved.

The Rise of Collaboration

Over the course of the last 3 – 5 years we’ve seen the gradual rise of collaboration across procure to pay and in partnering across the business generally. Each year we look at the nuts and bolts of processing and culture developments across our network. Over the years we’ve built a picture of the trends in UK P2P that businesses use to benchmark themselves against. Of course, the events of 2020 took everyone by surprise, but those who’d already bitten the bullet and embraced end-to-end digitisation, found maintaining business continuity less of a challenge.

Don’t Let Change Happen without Managing it

For several years, one of the main barriers to further automation has been the idea that everything is just fine the way it is. But when the same people highlight, for example, the poor quality of their reporting capabilities, it seems likely that rather than everything being just fine, that there’s a fear of change. Change management is often the bottom of the list of priorities when going through a technology or process change, but that’s a mistake. It’s important for those driving the change to understand the current process, what works, what doesn’t and what the concerns are for those who’ll be at the forefront of any new system.

We’d Love to Hear From You

We make it our goal to bring people together and connect them to discuss issues that affect P2P, now and into the future. We look at the rise of technology, connect people with solution providers, provide help in how to manage remote or hybrid teams and how to build our departments so that they feed into the overall strategy of the business. We connect thousands of professionals every day via news items, our research papers, webinars, virtual roundtables, our job board and our annual P2P Transformation Summit, which we held virtually this year on 8th June and welcomed over 300 people to a fantastic day. I hope you enjoy this Focus Week and take part in all the activities, read our blogs, listen to the interviews, and download the latest research. You can join in the conversation on LinkedIn on our LinkedIn Group and Company Pages and on Twitter #FocusWeek21. Enjoy today and the rest of the week!

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Please fill in the form below to access our exclusive Focus Week videos

Please fill in the form below to access our exclusive Focus Week videos

Please fill in the form below to access our exclusive Focus Week videos