Discovery in the Gold Standard Methodology

Understanding the current business practices and future objectives to identify the unique Procure-to-Pay value proposition

 

Developing your custom Procure-to-Pay strategy

Procure-to-Pay processes are not one size fits all. No business is the same - there are different existing business processes, systems and desired outcomes - and Procure-to-Pay needs to tailored to optimize impact

TOP DOWN REVIEW OF BUSINESS PROCESSES

Review processes across verticals or regions to develop replicable outcomes & greater efficiencies

MULTI-LOCATION PROCESS STANDARDS

Standardizing processes across locations and regions enables centralized control & reporting

QUANTIFY EXPECTED OUTCOMES

The more procurement activities a P2P system supports the better the information is that can be reported

 

Discovery Steps

Workshops with BirchStreet team review your current business practices, determine gaps and opportunities, then identify Procure-to-Pay functionalities that will capitalize on the opportunities

OUTLINE ASSUMED IDEAL BUSINESS PRACTICES

BirchStreet develops a framework defining which processes to evaluate

ONSITE REVIEW OF BUSINESS PRACTICES

The BirchStreet team works onsite to evaluate the identified processes

IDENTIFY PROCESS GAPS & OPPORTUNITIES

During onsite review analyze breaks between ideal & existing processes

MATCH P2P CAPABILITIES TO OPPORTUNITIES

Map functionality and best practices against desired future business state

CUSTOMIZE OPTIMAL P2P STRATEGY

BirchStreet team creates a strategy designed to reach desired outcomes

 

Explore The Gold Standard Components

The Gold Standard's four components help your company reach its business goals with cloud based Procure-to-Pay

GOLD STANDARD METHODOLOGY

Consulting strategy connecting existing processes to best

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IMPLEMENTATION

System integrations, onsite & webinar training & template data collection

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DOCUMENTATION

Taxonomy glossaries and process flow job aids

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CHANGE MANAGEMENT

Monitor and support P2P transition from current to future state

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Gold Standard Case Study

BirchStreet helped a Multi-national company consolidate its global systems, automate its procurement, and implement standardized processes customized for their business

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