FINANCE & SPEND
The hidden value beyond cost savings Beyond cost savings, one of the most underestimated benefits of automating P2P processes is how it can strengthen security across the entire payment lifecycle. Around 63 % of non-users cite trust and security concerns as a barrier to them using embedded finance for procurement.
“ This is particularly important given that many organisations still hesitate to digitise due to perceived risk,” says Tulsi.
“ In reality, digital tools and processes help address these concerns by reducing manual intervention, increasing visibility and embedding stronger controls into every transaction. By integrating payments within procurement systems, businesses can create clearer audit trails, enable near real-time monitoring and improve accuracy and compliance.” Additionally, enhanced security not only protects a business internally,
it also creates a more secure, reliable and transparent payment process, strengthening supplier confidence and helping build more resilient, trusted relationships across increasingly complex supply chains. Charlotte adds:“ Greater control reduces maverick spend, which often creates more work for procurement and elongates the tail spend that organisations are typically trying to manage and reduce. So the hidden value is really about giving the whole organisation a framework that supports compliance, strategy and better outcomes.
“ Optimising P2P processes alongside strong adoption gives you a powerful level of control and guidance for everyone who purchases, so that high levels of on-contract spend are achieved, driving savings and mitigating risks at the same time.”
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