In today's fast-paced global marketplace, businesses face increasing pressure to optimize their procurement processes. From sourcing raw materials to managing supplier relationships, procurement plays a critical role in a company's success. However, with the complexities of supply chains spanning across continents, achieving efficiency can be a daunting task. This is where global procurement optimization comes into play.
Global procurement optimization refers to the strategic management of sourcing, purchasing, and supply chain activities on a global scale to maximize efficiency and minimize costs. It involves streamlining processes, leveraging technology, and fostering collaboration both internally and externally, and this is also where SAP Signavio’s value accelerators can support companies and their transformation journeys. SAP Signavio Value Accelerators are sets of content that are specific for a theme – such as a business challenge, process, product, industry – and help you accelerate the time to value of your transformation projects.
Globant is a global technology services company specializing in digital and cognitive transformation and one of SAP Signavio’s most valued partners. We had the privilege to connect with Globant to discuss their strategy and their latest contribution to the market with their new SAP Signavio Process Intelligence value accelerator for the analysis of procure to pay in Oracle JD Edwards.
We are proud to have you as our contributing partner to our value accelerators strategy, can you explain why you decided to support the initiative and how you are collaborating with our teams?
As a digitally native company, we are passionate about the way tech can change industries, experiences, and lives. Our deep, digital DNA allows us to bring innovation, ensure business value, and help our clients reduce time, cost and effort in process mining implementations.
In your opinion, why is it important to deliver content and value accelerators? Do you see a need for companies to transform faster and smarter?
With the current level of disruption that companies are experiencing, they constantly focus on finding new optimization opportunities. So, if we can help them identify and reduce bottlenecks, risks, operational issues, and implement best practices for process optimization, ultimately, we can help them accelerate time to value.
What is the output of this initiative? Which value accelerator/s are we releasing?
Globant has just released a new value accelerator for the analysis of procure to pay with Oracle JD Edwards which is specifically designed for the SAP Signavio Process Intelligence mining solution.
The accelerator enables 100% transparency in the end-to-end procurement process. and is a deep dive analysis of the purchasing and billing process of Oracle JD Edwards. It captures events related to the different business objects. The entities involved in this process are purchase requisitions, purchase order items, goods receipts, invoices, invoice items, accounting documents and payments. Additionally, this value accelerator speeds up the time it takes to perform a complete procurement to pay process analysis and as a result, it can help improve service level agreements (SLAs) and compliance in purchases.
Which assets/capabilities does this new value accelerator provide?
The value accelerator delivers the following capabilities:
- Tables and filters to extract
- Data transformation templates
- Objects and events collections
- Process discovery and conformance
- Metrics and dashboards
Which specific use cases and customer pain points is this accelerator designed to address?
Optimization of procure to pay process is the first use case and a typical example is when the company’s procurement process is taking longer than expected. The new value accelerator by Globant speeds up the process mining experience with SAP Signavio Process Intelligence, meaning opportunities to streamline and accelerate the process are promptly identified.
Review of conformance levels is the second use case: how many purchase orders follow our conformance process? Are the products received on time and in full (OTIF)? Are there high maverick rates? By leveraging this new value accelerator companies are fully equipped to analyze the process fast and with low effort, unveiling deviations and improving compliance in purchases.
Identification of automation opportunities and increase in automation rates, is our last most common use case. The accelerator quickly starts process mining, speeding up the time to get insights and full process understanding. Companies can identify unnecessary manual tasks in the process that increase operational costs and introduce new levels of automation.
It is important to note that this new value accelerator by Globant supports challenges related with maverick buying, standard procure to pay process analysis, non-conformance, SOX compliance, system migration in all industries. Roles from the Procurement area, SOX and Compliance, Finance, CFOs, vendors, and buyers can benefit from using this value accelerator.
It can not be understated that global procurement optimization is not just a strategic initiative; it's a competitive necessity. By prioritizing efficiency, cost savings, risk mitigation, supplier collaboration, and strategic insights, businesses can unlock new opportunities for growth, innovation, and sustainability. As the global marketplace continues to evolve, organizations that embrace procurement optimization will gain a competitive edge and thrive in the face of uncertainty.
The new SAP Signavio Process Intelligence value accelerator for Oracle JD Edwards by Globant can now be found in the value accelerator library for SAP Signavio solutions.
For more information, please feel free to contact Rocio Ponce <rocio.ponce@globant.com>.