In the financial services industry where scrutiny is high and compliance is crucial, there are clear benefits to implementing an end-to-end Source-to-Pay solution. In this session, Fannie Mae discussed its procurement priority to enhance business process visibility and efficiency through a strategic program that brings sourcing, contracting and purchasing onto one platform. With connected data flow and simplified approvals, they successfully reduced high-touch and manual processes, improved cycle times, effectively embedded controls for compliance and executed a technology transformation P2P system program.

Topics covered in this session included:

• How Fannie Mae achieved its high rate adoption of new process and technology
• Key benefits and lessons learned in leveraging technology for source-to-pay processes

 

Contributors: Fannie Mae, Ivalua
Categories: 2016 Fall - Carlsbad, Summit Presentations
SRC Type: eSourcing and Tools, Outsourcing, Procurement Operations, Procurement Outsourcing / Transformation