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Procurement Optimization
Keith Jacobson, SVP Global Source-to-Pay
Bank of America

September 2013
Software Company Image of Cloud
Lower Cost
of
Ownership

Simplifies
Process
Time to Market

2
My Initial Image of Cloud….but I am listening
We do things
differently

Risk
Management-Is it secure?

Will it
integrate w...
Source to Pay Background
Invoice Volume
Growth 3X

AP In sourced
30K pages scanned
daily; 97K invoices
processed through
e...
Procurement Optimization - the following depicts the interrelationship
between future state BAC procurement operating mode...
Hybrid Deployment Model for Success

Cloud Considerations
1.
2.
3.
4.

On Premise
Solutions

Contract Management
Procureme...
Benefits
Regulatory Environment
• Vendor Management
• Spend Visibility
• Approval Workflows

Spend Compliance
• Contract E...
Next Steps with Procurement Optimization
Process Change
• Focus on Category Management
• Move End User Compliance Forward
...
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Procurement Optimization

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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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Transcript of "Procurement Optimization"

  1. 1. Procurement Optimization Keith Jacobson, SVP Global Source-to-Pay Bank of America September 2013
  2. 2. Software Company Image of Cloud Lower Cost of Ownership Simplifies Process Time to Market 2
  3. 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. 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. 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. 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. 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. 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. 9
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