The Case for Budget-to-Pay: A Win-Win for Procurement and FinanceA new approach to help CFOs achieve rapid cost reduction and save cash
It’s a tough time to be a CFO right now. The looming recession — catalyzed by the COVID-19 pandemic — can stifle enterprise growth for the next few quarters and beyond. Which means, CFOs need all the cash they can save internally to sustain and enable growth — and a new, more effective approach to reduce costs: Budget-to-Pay (B2P).
Report Snap Shot
- The difference between Budget-to-Pay and Source-to-Pay
- How B2P can help achieve greater cost reduction and savings
- The role of procurement in B2P
- How finance and procurement can collaborate to implement B2P