The Critical Link to Realizing Game-changing Business Value

Procure-to-Pay (P2P) is the critical final step of the procurement life cycle. The savings and business value that is developed through category management, sourcing and contracting is only realized and recognized on the Profit and Loss, when operational procurement is successful. Given this, the role of operational procurement cannot be underestimated as a tool to drive business value through compliance and a critical feedback mechanism to continuously improve the overall category strategy. Our P2P services ensure that the contracted savings are realized and impact the Profit and Loss, driving value across the Source-to-Pay organization. WNS-Denali’s comprehensive P2P program includes request and order (helpdesk, PR-to-PO, spot buy catalog management and master data management) and invoice and pay (invoice and payment management) services.

Why it’s important
 
Reach
  • WNS-Denali allows clients to realize increased reach through improved PO compliance and better spend visibility, leveraging initiatives such as No-PO-No-Pay
  • Clients can improve compliance and reduce maverick spend
Effectiveness
  • Developing P2P strategies drives improved spend compliance (reduction in non-PO spend up to 70 percent; reduced savings leakage) via triage desk / helpdesk, No-PO-No-Pay policy implementation and other solutions
  • WNS-Denali centralizes and standardizes procurement operations
  • Our clients drive transformation through process enhancement, using technology
Efficiency
  • By reducing operating costs by 20-30 percent, our clients can optimize the solution through:
    • Right-shoring of activities
    • Consolidation and standardization
    • Continuous process improvement through RPA

How we are unique

Expertise

  • WNS-Denali has experience of serving P2P clients
  • With a team of more than 2,400 FTEs, we have served 50+ clients
  • Our global experience in delivering procurement services includes an optimum mix of onshore, nearshore and offshore delivery

Enablement

  • We have developed a proven, global delivery platform
  • WNS-Denali can leverage a network of 48 delivery centers across the US, Europe, Asia-Pacific and Africa

Flexibility

  • We can manage varied scale of engagements with flexibility. Clients can start small and grow at the right pace
  • WNS-Denali has expertise in deploying various pricing models prevalent in procurement, including project-based, fixed fee, outcome-based, FTE-based and hybrid
  • We always adopt a technology-agnostic approach. We have experience in leveraging client’s current technology, proposing an optimum solution, using our rich ecosystem of partner platforms and creating bolt-on solutions

Innovation

  • WNS-Denali has developed a structured approach toward automation and RPA. We help our clients optimize their procurement operating cost
  • Our unique ability to embed analytics in our procurement engagement helps us identify opportunity areas to increase cost savings, improve spend compliance and ensure process improvement
 

  The Client: Leading Multiline Insurance Company

Challenges:

The client wanted to transform its procurement function, leading to greater efficiency and effectiveness, and increased visibility. The challenges were multiple in terms of addressing capacity constraints and managing spend more effectively, while re-engineering and standardizing processes in a decentralized procurement organization. Also imperative was to achieve a seamless integration of the P2P process with the outsourced accounts payable function.

WNS-Denali Solution:

WNS-Denali developed a flexible and programmatic approach that encompassed sourcing support, tactical and transactional procurement services, accounts payable and T&E. The solution involved creating three-tiered share services for the sourcing and procurement teams. This was followed by the centralization of purchase-to-pay to ensure superior control over processes. WNS-Denali also extended support to the category manager for detailed spend analysis and reporting dashboards, sourcing services and RFx management. A tollgate approach was established for PR and PO processing to ensure compliance and better spend visibility.

Result:

The multi-pronged solution delivered rich benefits to the client, with spend under management increasing by 15-20 percent. Operational re-alignment and best-in-class practices helped achieve cost savings of 40 percent while improving spend visibility by 45 percent. Also achieved zero defect transaction management for PR and PO processing.

 

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