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160 Kemp House, City Road, London, EC1V 2NX, UK

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Maximise the Efficiency of your Procure-to-Pay Process with Silico

Procure-to-Pay (P2P), sometimes known as Purchase-to-Pay, processes in most organisations are complex, inefficient and involve several cross-functional teams with misaligned objectives and priorities.

Business Process Simulation (BPS) with Silico unlocks efficiencies in your organisation’s Procure-to-Pay processes. Improve cash flow, manage risks, and maintain great supplier relationships. Silico can analyse your as-is Procure-to-Pay processes and let you test proposed designs in a risk-free virtual environment, optimising your return on investment (ROI) and focusing your improvement efforts.

Create a Digital Twin of your Procure-to-Pay processes backed by real data from process mining and your ERP systems, enabling you to proactively analyse and optimise at all stages, from purchase requisition through to supplier payment. Silico is built from the ground up to develop your processes into a full Digital Twin of your organisation (DTO). Start your DTO journey and rapidly expand the FutureSight of your organisation.

“Process mining combined with Silico process simulation has transformed our Procure-to-Pay process, enhanced our efficiency and driven measurable improvements for my organisation.”

What are the Benefits of using Silico for your Procure-to-Pay Process?

Silico enables you to optimise your Procure-to-Pay process through transformation initiatives and ongoing analysis of your operations. Maximise efficiency, improve cash flow management and reduce Supply Chain risk by fostering supplier relationships.

Maximise efficiency and minimise costs:

Find your optimal Procure-to-Pay process through process reengineering, digitalisation, and automation.

Optimise working capital:

Ensure procurement, goods receipt, and payment processes are optimised and quantify impacts by connecting processes to financial outcomes.

Improve supplier relationships:

Run forward-looking procurement simulations to identify bottlenecks before they occur and mitigate Supply Chain risks to keep your business running effectively.

How to get started with your Procure-to-Pay Simulation

Silico can analyse your existing Procure-to-Pay process and evaluate alternative process designs in four weeks with just:

An understanding of your process from either process mapping, process mining, business intelligence tools, or discussions with your team

Your ideas for scenarios to challenge and future-proof your processes in forward-looking circumstances

Your ideas for process improvements and transformation initiatives that require testing and evaluation

To create a full Digital Twin of your organisation’s Procure-to-Pay process:

Real-time data integration to your relevant systems

An understanding of decisions and problems of your operational decision-makers

How it Works...

Let’s take a look at how a Procure-to-Pay process simulation model works with Silico:

Model your business in Silico

Use existing process assets, including process maps and mining graphs, to virtually replicate your processes and link processes together and to commercial outcomes.

Synchronise with real-time data

We integrate all relevant data sources, including process mining, process maps, and task mining, as well as ERP and CRM systems.

Analyse your as-is process

Run forward-looking scenarios to ensure your processes are future-proof, identify issues before they occur, and focus transformation efforts.

Prioritise process changes

Silico provides a risk-free, virtual environment to experiment with improvement ideas to identify the actionable process changes that optimise the KPIs that matter to your stakeholders.

Optimise your process

Monitor your processes in real time and use advanced AI features to identify the most impactful improvement initiatives and operational actions for optimal business process performance.

What are the different roles involved in the simulation of Procure-to-Pay processes?

Finance Directors & Accounts Payable teams

use Silico to identify bottlenecks before they occur, allowing them to optimise resource allocation and focus automation or drive collaboration such as (EDI) electronic data interchange in the areas where they will have the most significant impact.

Supply Chain Directors & Procurement teams

use Silico to run forward-looking Supply Chain scenarios, identifying risks before they occur and taking actions to enhance their Supply Chain.

Chief Financial Officers & Treasurers

use Silico to run forward-looking cash flow scenarios. By connecting procurement, goods receipt, and payment processes to operational and financial outcomes, they can mitigate risks, assuring long-term financial health for their organisations.

Process Improvement and Excellence leads

use Silico to maximise the impact of their improvements and optimisations. Silico analyses business processes, rapidly quantifies the impact of potential improvements, and identifies the best improvement combinations to ensure you build truly excellent processes.

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