There’s never been a better time to work across Procure to Pay. Why? Because in tumultuous times, an organisation thrives on the confidence that a sound P2P strategy can provide. Where a company has deep insights into its processing, the control that enables has a direct impact on organisational stability, employee satisfaction and growth. With inflationary pressures, supply chain instability and geo-political uncertainty, effective cash management is paramount.

Transformation is a Continuous Journey

You're in control of the P2P function in your business. That's great! So what does it involve? 

With the changing culture within many organisations, if you're in charge of the P2P element in your company, you've probably got more responsibility across the board than ever before. And that's a good thing. Why? Because you're in the best place to bring about some true transformation in the way that your business operates. We often talk about Transformation as if it’s something finite. But transformation across Purchase to Pay is a continuous journey. Your processes and technology can be transformed from what they were, but like going to the gym, what’s fit and healthy today, will be tired and clunky tomorrow if you don’t keep up with things. One of the effects of the pandemic and the long-reaching aftermath, was to focus everyone’s attention on the company’s tech. From internal meetings, to global spend and cash management - it caused companies to scramble to get to grips with their digital strategy.

Accounts Payable as a career used to be treated as either a stepping stone, or overlooked in favour of what's sometimes seen as the more substantial roles in finance or accounting. These areas also tend to offer a more obvious direction in terms of professional development and career progression. These days the role performed by Accounts Payable professionals is more recognised as being a vital one - with an increasingly important role in the management of a company’s cash flow and financial transactions with suppliers, contractors, and sub-contractors. On top of that, with the increase in technology and processes connecting the different areas of purchase to pay, it's a role where the ability to perform analysis of data is of growing importance. And it's no longer uncommon to have positions such as Directors of AP, or Global AP Director - opening up new and challenging opportunities for the business and individuals.