P2P G LDP2P G LDGOING FOR

SURVEYED

13%ACCOUNTING

38%PROCUREMENT

6%OPS

10%SOURCING

4%SUPPLY CHAIN

25%PURCHASING

DEPARTMENTS

P2P ATHLETES Surveyed

Participated

INDUSTRY

2016

128

HEALTH, PHARMA, BIOTECH

NON-PROFIT

REAL ESTATE & CONSTRUCTION

RETAIL

SOFTWARE & INTERNET

WHOLESALE & DISTRIBUTION

89

12

64

5

5

6

22

%

MANAGER DIRECTOR SENIORDIRECTOR

VP C-LEVEL

Demographic

Key Obstacles: In 2016

13INDUSTRIES

BUSINESS SERVICES

CONSUMER SERVICES

EDUCATION

ENERGY AND UTILITIES

FINANCIAL SERVICES

GOVERNMENT

MANUFACTURING

QUESTION 1:

QUESTION 2:

Key Initiatives: Within the next 18 months? QUESTION 3:

Rate the accuracy of your supplier information?

33%

44%

23%

We asked respondents to rate the accuracy of their vendor master file on a scale of 1 (low) to 5 (high).

Results:• No respondents claimed their vendor file accuracy rated a 5 of 5! • Over 60% relayed that their accuracy was average (3) or less!

Olympic Events...

Additional Results:

Time Wasted on Manual Tasks

Supplier ScoreCarding

Supplier Information Management

ContractManagement

Self-Service Portal

Spend Analytics

Top 5 68%63%

59%58%45%

6) 41% - E-Sourcing Tools7) 34% - Master Data Mgmt/Governance

8) 29% - E-Payables9) 15% - Integrated Forecasting

10) 12% - Online Catalogues

Spend analytics and developing or deploying a self service portal topped this list. This list of initiatives is very focused on new software solutions; it’s interesting to consider how that plays against the obstacles listed on previously.

We asked a write-in question: “what are the most critical changes you wish to see in your P2P environment?”

This was not a company level question about initiatives, but rather a question to the individual about their desired changes. As

evidenced by the responses, P2P professionals are mostly looking for more efficiency and better data! Companies want new soft-

ware and individuals still want more efficiency and less manual labor.

QUESTION 4: Critical Changes - Wish to see in your P2P Environment

More real time access data - 39%

Self-service supplier portal - 35%

Eliminate manual processes - 33%

Improve overall efficiency - 27%

Improve Implementation - 19%

Integrate requisitioning & ePayment - 19%

Utilize Budget - 12%

System Stability - 12%

QUESTION 5: Top 5 Current Trends in P2P

We asked: What are the top trends that you see happening in the entire P2P market?

In this question we wanted to see, separate from your own environment… what are you seeing as the hottest trends in P2P. The top five answers are listed.

#5#4 #3

#2#1Global

Expansion

DataSecurity

Self-servicePortal

eProcurementAutomation Predictive

Analytics

We asked:

Do you prefer one bundled suite solution, a mix of best-of-breed products or a combination of both concepts? We did not know what to expect from this question, but we can clearly see that despite the dream of a single bundled solution that can do “every-thing” – P2P professionals are still overwhelmingly expecting and accepting of using a combination of best-of-breed solutions. Service providers need to take note and build products that work together!

QUESTION 6: Your ideal suite solution

P2P

3rd 1st 2nd

9%72%

19%Combination of Both Concepts

A Mix of ‘Best of Breeds’

One BundledSuite Solution

Key Take Aways:

Go For P2P Gold!

• P2P is an increasingly competitive space

• Company Obstacles are largely due to inefficient and manual processes

• Company initiatives center in on value-driving software solutions

• The main priority in individuals in the P2P space is driving more efficiency and reducing manual efforts

• The success of many initiatives and critical changes center around driving better supplier data

• Supplier data provides a strong foundation to excel in P2P

• Many companies are recognizing the need for a supplier data quality solution in 2016, 2017.

This infographic is a high level summary of our August 2016 webinar entitled “Going for P2P Gold.” Click on this image to download a replay of that webinar and gain more information as well as additional survey question results.

<<Going for Gold Webinar Recording>>

Contact Lavante and talk with one of our P2P experts. We’re all about making Champions!

1.877.528.2683Lavante, Inc.

Lavante reached out to ask P2P professionals about their environments and their ambitions. We found the results to be very interesting. In this infographic, we outline who we surveyed and what they are seeing in the marketplace.

Top 5 72%66%

59%51%41%

Respondents were asked to select the biggest obstacles they face in 2016.  Operational inefficiency and time wasted on manual tasks topped the list. It’s interesting to see that the biggest obstacles are based on simple inefficiencies.

OperationalInefficiency

Sourcing is not optimized

Supplier Management Costs

Supplier Risk

1

2345