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Procurement Optimization

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Keith Jacobson, SVP Global Source-to-Pay …

Keith Jacobson, SVP Global Source-to-Pay
Bank of America discusses a hybrid deployment model for success.

Published in Business , Technology
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  • 1. Procurement Optimization Keith Jacobson, SVP Global Source-to-Pay Bank of America September 2013
  • 2. Software Company Image of Cloud Lower Cost of Ownership Simplifies Process Time to Market 2
  • 3. My Initial Image of Cloud….but I am listening We do things differently Risk Management-Is it secure? Will it integrate with On-Premise? 3
  • 4. Source to Pay Background Invoice Volume Growth 3X AP In sourced 30K pages scanned daily; 97K invoices processed through eInvoicing 3K pages scanned daily; 2MM invoices processed through eInvoicing FSR Release 4 Converted US AP/FA Applications to SAP Converted 600K Vendors, Integrated Procurement and other LOB AP interfaces Mainframe Workflow Imaging Web Based EER Enterprise Resource Planning (ERP) Phase 1 (CAN/MEX) Significant Growth via M&A Source to Pay Alliance Objective to expand invoice enablement Ariba Global Expansion Contracting deployed in more than 50 countries and Purchasing in 18 countries Procurement Optimization
  • 5. Procurement Optimization - the following depicts the interrelationship between future state BAC procurement operating model functions LOB / GCF FINANCE Procurement Performance Management Business Needs PROCUREMENT Budget Procurement Operations Contract Management Vendor Management Accounts Payable
  • 6. Hybrid Deployment Model for Success Cloud Considerations 1. 2. 3. 4. On Premise Solutions Contract Management Procurement Content Procurement Portal Spot Buy 6
  • 7. Benefits 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
  • 8. Next Steps with Procurement Optimization 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
  • 9. 9