Contact Information: Media Contact: William Busch 215-508-7414
Spend Matters Study Examines Limitations of ERP SRM and P2P Systems
New Report Identifies Savings and Working Capital Management Opportunities That ERP Alone Does Not Enable
| Source: Spend Matters
CHICAGO, IL--(Marketwire - June 1, 2009) - Spend Matters, the leading source for spend
management and procurement intelligence, today announced the publication of
a research report entitled, "Beyond Requisitioning: Getting Past the
Downstream Limitations of ERP Procurement Applications." The paper
contrasts the strengths of recent ERP products including SAP SRM 7.0 and
Oracle E-Business Suite Release 12.1 in the eProcurement area compared with
their limitations in the areas of electronic invoice presentment and
payment (EIPP), payables and working capital management.
According to Jason Busch, Spend Matters Editor, "ERP providers have come a
long way in providing transactional procurement capabilities. But just as
they did in the early stages of ERP maturation for eProcurement, companies
should look to alternative solutions to maximize savings and returns where
ERP solutions are not as strong. When ERP providers offer incomplete
solutions or re-sell third party tools that lack certain capabilities, they
are shortchanging customers."
Spend Matters' findings suggest that companies who get the most from their
systems meld procurement and payables processes to enhance straight-through
processing, drive new levels of organizational and supplier compliance,
reduce supply risk and enhance controls over all aspects of working capital
and cash flow forecasts.
In addition, the paper suggests new ways that some organizations are
putting working capital to work by earning a 20% or greater APR on their
invested capital through early-payment discount programs -- or preserving
working capital when required.
"Procurement, accounts payable and finance organizations must work closely
together to realize new types of opportunities that only leading
capabilities in the areas of procurement and payables can provide," Busch
says. "Companies are in a great position to benefit from examining ways of
extending the capabilities of ERP procurement investments, achieving
greater savings and control while reducing supply risk during the
downturn."
Readers can download this free report and other complimentary research
studies directly from the Spend Matters website:
http://www.spendmatters.com/pages/perspectives.cfm
About Spend Matters
Spend Matters is the leading source for Spend Management intelligence and
analysis, providing insight and opinion across a range of procurement and
supply management issues. Founded in 2004, http://www.spendmatters.com is
the longest running and highest trafficked social media news site in the
sourcing and supply chain realm.