S/4HANA Cloud public edition transformation services

Easy wins with Procure-to-Pay for the Media industry 

  • See what you're spending, and where to cut down waste and leverage your negotiations.  
  • Consolidate processes and cut down on human error.
  • Streamline catalogue maintenance and free up resources better used elsewhere. 
  • Keep tabs on compliance — without the burden of adding man-hours to your budget.
  • Authenticate your invoices and make payments without administrative bottlenecks degrading your supplier relationships. 

 

Is P2P the key to simplifying your increasingly complex procurement?

Why Use Procure-to-Pay Now?

The media industry is more complex than it's ever been. Margins are being squeezed, the market is flooded with competitors, distribution rights, a sprawling web, and regulation is vast. Together, this creates complexity on a scale that can no longer be managed with spreadsheets and memos. AI and ML can support smarter, faster and more accurate management so you can identify opportunities to save money, maintain control, ensure compliance and deliver against stakeholder expectations.

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Make smarter buying decisions a habit, across your business.

Choose your suppliers, onboard them quickly and keep track of their role across your supply chain. With a centralised supplier catalogue you can make it easier for all purchasers across your business to benefit from those supplier relationships that work best for your business. 

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Manage compliance. Maintain order.

With efficient ERP integration, and greater control over purchasing, you can effectively ensure compliance across your media business. P2P can help you navigate buying decisions and supplier policies, whether you're talking organisation-wide policies, national regulations or international standards.  

 

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Banish bottlenecks. Keep the purchasing process flowing

Eliminate man-made process bottlenecks with automation and AI-powered workflows so your business doesn't have to take holiday when your employees do. And, as you can scale up or down according to your business' needs, you can find the extra capacity for year-end or other peaks when you need it, without a recruitment drive. 

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Join the dots from procurement to payment

P2P will guide your users through the purchase process, automate purchase order creation, submit for approval, and deliver it to the supplier. With this, the supplier can create order confirmations, shipment notifications, receipts and invoices while you track delivery and handle receipts. With such granular detail, it's easy to cross-reference goods received against those ordered faster, easier, and more accurately than ever. 

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Shifting to Procure-to-Pay (P2P) saved one global music company thousands of man-hours and improved their data quality

 With more than 7,000 users and 130,000 suppliers worldwide, Global Music Group UMG was struggling to manage the contracts and payments with their SAP FICO-based P2P (Procure-to-Pay ) platform. Administration was time-consuming and often meant repeating tasks. 

With Procure-to-Pay, deployed by Invenio, UMG have, in just a short period, already improved relationships with their suppliers and saved literally thousands of man-hours previously tied up battling through an excessive administrative workload. 

 

 

 Procure to Pay 

The chaos of the disordered procurement or invoicing operations can be a challenge. It could mean money you're owed simply left on the table, or forking out for invoices above and beyond what you owe. It's high stakes, and you could be forgiven for wanting to dive straight in with a fix.However, if your data isn't in the right place, then a move to Procure-to-Pay could simply automate the chaos.

That's why our team of specialists are on hand to help guide you through a successful integration project; one that will deliver returns quickly and set you up for future success not just short-term service provision. Like most integrations, it's important to lay strong foundations and that's why we've designed Ignite. Ignite is a pre-programme to help you work out where your data is and how you can whip it into shape before you even begin to integrate the time-saving, labour-saving and money-saving solution P2P. 

 

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Our team is standing by to answer your questions. Whether it's about our company, support and services, the industries we work in, or if you just want to learn more, we're here to help.