p2p benefits

p2p(Purchase to pay) often has larger savings than sourcing

Sadly s2p(Source to pay) is not normally a joined up process this often means that whilst procurement have negotiated great deals for organisations in both public and private sector the rest of the organisation are not realising either the savings or the strategic benefit.

p2p (Purchase to pay) - Start with Spend Analysis

SpendInsight shows that the public sector is only using the contracts that it has let about 30% of the time with 70% of spend off contract, and the situation is similar for private sector indirect spend, so having a good p2p process is as important as sourcing to realise the benefits from improved sourcing.

On the assumption that reasonable prices have been negotiated through sourcing. Typical p2p savings are as follows.

p2p Benefits from £ 100 billion of SpendInsight

  • (0.1%-0.5%) Duplicate Payments
  • (2.5%-8.5%) savings on incorrect orders
  • (6.5%-15%) no price agreed on order
  • (5%-15%) improved terms from suppliers for etrading

TOTAL (14.1% -39%)

p2p(Purchase to pay) Guaranteed Savings from SpendInsight

@UK PLC Guarantees that a Spend Analysis will show significant potential savings, and provide the immediate savings to fund a full p2p eprocurement project.

More info on SpendInsight

 

Find Out More
Explore @UK
Success Stories
Blogs

Why Choose @UK?

  • Green Marketplace with over 1 million users
  • Get analysis results fast: fully-automated
  • Guaranteed savings & Immediate business plan
  • Full granular, line-item level reporting
  • Products, categories and suppliers responsible for your procurement carbon footprint
  • Over £120 billion analysed to date
  • Over 290,000 companies formed
Find out more

@UK PLC is the leading ecommerce marketplace, with over 1 million users. We believe that @UK PLC has significantly more users than all the other UK marketplaces combined, and that we are probably the largest transactional b2b marketplace providing integrated eCommerce and eProcurement worldwide.

@UK PLC is the first large volume green marketplace with over 3 million products that have carbon footprints. @UK PLC supports businesses from start up through to being members of the fortune 500, and is a leading Company Formation & Company Registration Agent with over 290,000 Limited Companies formed.

 

Accepted Payment Cards

 

minitext
minitext

'The project was particularly exciting as it allowed for joint work with leading academics at the University of Reading and Research scientists at @UK PLC. This is one of the largest and most innovative KTP projects ever undertaken and we are very excited by the results. We believe that the new tool is groundbreaking and has come at exactly the right time to help public and private sector organizations achieve savings.'

Professor Mark Bishop, Department of Computing
Goldsmiths

'It's really useful because we can look at the information from all different angles and it's so easy to use,' says Ms Hamilton. 'It will help us rationalise and standardise our suppliers and products, which in turn means we can get better prices.'

Vicki Hamilton, The Head of Procurement and Supplies for the Outer South East London Shared Procurement
London Procurement Program

 

We’d love to hear from you. Please send us your questions, comments or concerns by filling out the form below. We’ll do our best to get back to you as quickly as possible, usually within 1-2 business days.
 

Latest Blogs