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Four Benefits of Utilizing Procure-to-Pay Best Practices

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Busko, Marshall 2012

by Marshall Busko, Senior Director, Information Technology Solutions, Intalere

The struggle to maintain greater control and compliance on spend – both clinical and non-clinical – coupled with the consistent demand to reduce costs and increase efficiency, can be overcome by consolidating procurement and expense management capabilities. Linking the procurement and accounts payable functions through an automated, integrated systems is a key that can provide great benefits to your organization. Let’s look at some of the top benefits.

Cost Reduction

Centralizing all purchasing under one procurement system helps build volume that aids in negotiating better pricing and accessing better pricing tiers.  The solutions also can help manage inventory, and reduce operational costs by eliminating paperwork, manual resources, rework and costly errors.

Spend Visibility

Healthcare organizations can gain a clear view into their full supply chain – including off contract spend – through tracking and reports that are many times customizable.  These systems can also capture data that can be utilized to provide business intelligence that is critical to pursuing further enhancements in operational, and even clinical, functions.

Productivity and Control

Procure-to-pay systems generally offer users access to requisitions and ordering options online literally at the touch of a button. Manual searching and engagement is minimized and allows procurement staff to concentrate their efforts on strategic, higher value activities.

Review our procure to pay resource page to learn more, including how Intalere member Crystal Run Health used these best practices to help them on their way to achieving supply chain transformation.

The post Four Benefits of Utilizing Procure-to-Pay Best Practices appeared first on Intalere.


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