Vroozi, the intelligent procure-to-pay (P2P) platform, announced a new ebook, How to Make a Business Case for P2P Automation. The digital guide helps readers understand the measurable benefits of adopting a seamless, automated system for their procure-to-pay cycle while arming them with the business case necessary to gain internal buy-in for real-time spend solutions from corporate decision makers.
Despite growing interest in automation across industries, traditional procurement and financial systems remain some of the last tech adopters to truly embrace digitization and mobile-first technologies. But that requires procurement personnel to spend the vast majority (about 70% - 80%) of their time on manual transaction processing and only 20% of their time on value-adding work, according to HFS Research.
Vroozi’s easy-to-digest, 10-page ebook clearly outlines the core issues that cause these costly inefficiencies, along with the proven business benefits of P2P automation, to further empower procurement professionals with the insights they need to make a solid business case for modernization.
The ebook highlights the four key areas in which P2P automation can improve a company’s legacy procurement processes and bottom line without interrupting existing workflows, controls, personnel, or ERP systems. Some of the business benefits outlined within the ebook include: reducing inefficiencies and unnecessary overhead that arise from manual P2P procedures, drastically optimizing spend control, eliminating delayed payments through automated invoicing, and improving business-to-supplier relationships (among others).
“Too many businesses are bleeding resources without knowing where and how their money is being spent, sometimes until long after the budget is already gone,” said Shaz Khan, CEO and co-founder of Vroozi.
“That does not need to be the case. Real-time spend visibility, processing, and reporting are not only possible with today’s technologies — they are absolutely crucial for long-term success,” he adds. “At Vroozi, we remain committed to educating and empowering procurement professionals with the tools and insights they need to radically increase value and drive productivity, but we know those conversations are not always easy to navigate. We wanted to eliminate the guesswork for those already overworked individuals and arm them with the right resource to clearly and concisely outline the business benefits of P2P automation for their executive teams.”
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