Embed Size (px)
DESCRIPTION
Keith Jacobson, SVP Global Source-to-Pay Bank of America discusses a hybrid deployment model for success.
Citation preview
Procurement Optimization
Keith Jacobson, SVP Global Source-to-Pay
Bank of America
September 2013
Software Company Image of Cloud
2
Lower Cost
of
Ownership
Time to Market
Simplifies
Process
My Initial Image of Cloud….but I am listening
3
We do things
differently
Risk
Management--
Is it secure?
Will it
integrate with
On-Premise?
Source to Pay Background
AP In sourced30K pages scanned
daily; 97K invoices
processed through
eInvoicing
Invoice Volume Growth 3X
3K pages scanned daily;
2MM invoices processed
through eInvoicing
Enterprise Resource Planning
(ERP) Phase 1 (CAN/MEX)
Mainframe Workflow
Imaging
Web Based EER
FSR Release 4 Converted US
AP/FA Applications to
SAPConverted 600K
Vendors, Integrated
Procurement and other
LOB AP interfaces
Significant Growth via M&A
Source to Pay Alliance Objective to expand invoice enablement
Procurement
OptimizationAriba Global
ExpansionContracting deployed in more
than 50 countries and
Purchasing in 18 countries
Procurement
Operations
Contract
Management
Procurement Optimization - the following depicts the interrelationship
between future state BAC procurement operating model functions
LOB / GCF PROCUREMENT FINANCE
Business
Needs
Procurement Performance Management
Vendor
Management
Accounts
Payable
Budget
Hybrid Deployment Model for Success
6
On Premise
SolutionsCloud Considerations
1. Contract Management
2. Procurement Content
3. Procurement Portal
4. Spot Buy
Regulatory Environment • Vendor Management
• Spend Visibility
• Approval Workflows
Spend Compliance• Contract Enablement
• Centralized Purchasing
Cost Control• Discounting
• Payment Tools
Application Management• On-Demand vs. On-Premise
• Balance Customization
• Improve Time to Market
Benefits
Process Change• Focus on Category Management
• Move End User Compliance Forward
• Integrate Process with Technology
Technology Change• Simplify for our customers
• Procurement Portal
• Procurement Content (Catalog)
• Payment Tools
Next Steps with Procurement Optimization
9
