ERP VS. P2P: A head-to-head matchup
ERPs can be found in almost every organization. Usually drawing the eye of finance or IT, they are widely used to connect and manage data from multiple business units.
While this sounds like a one-stop shop for all business data, the harsh reality is that ERPs are not designed for procurement. They excel with handling and connecting finance, accounting, or HR data but when it comes down to something that requires a large degree of flexibility, they ultimately fall short.
Procurement is a complex function that requires a lot of both flexibility and collaboration. At the end of the day, ERP capabilities just simply are not a fit and leave a lot to be desired.
This results in teams often looking outside of the ERP system for answers but that has its own host of problems including a lack of visibility, inefficiency, or quite frankly, a large amount of wasted money on a system that procurement can’t and won’t use.
Instead, many procurement teams are shifting toward a Procure-to-Pay (P2P) Suite, designed specifically for procurement’s complex needs. A P2P solution offers the flexibility and adaptability that procurement requires, while also being much more user-friendly.
If you’ve already invested in an ERP system, that’s okay. A P2P suite can plug seamlessly into your ERP to provide a holistic and powerful solution to fit the needs of the entire organization.
Download this free white paper to learn more about:
- The top 10 reasons why ERPs are failing procurement
- How you can combine the capabilities of your ERP with a best-in-class eProcurement or P2P solution
- What technologies are helping procurement move from operational to strategic.
