Blog / Purchase-to-pay
Making a Business Case for a Modern Procure to Pay (P2P) Solution
Start by defining your current situation
What should a business case for P2P include?
- Background: Conduct an analysis of the current situation (as described above) and define the goal of the investment.
- Purpose/benefit: Outline both financial benefits (i.e. those that are ultimately translated into ROI) as well as non-financial benefits, such as “increased security”, “better control”, or “happier employees”.
- Costs: Consider both direct and indirect costs as well as the resources that will be needed before, during, and even after the implementation.
- Project Delivery: Describe how the project will be delivered. Ensure it is feasible with existing resources.
- Control & Follow up: Define the control mechanics in place to ensure the project is completed and that you achieve your goals. You also need to make sure that proper mechanisms will be available for monitoring and follow up after the implementation.
As there are vast amount of factors to consider when making a business case for a procure to pay software investment we have created a guide for creating a business case. The guide outlines what you should consider throughout the process.