2024 Purchase-to-Pay (P2P) Top Performance
Issued by
The Hackett Group
Awarded in recognition of achieving P2P Top Performance from The Hackett Group’s 2024 Purchase-to-Pay (P2P) Performance study. Top Performance focuses on both business value (i.e., effectiveness, experience, quality and digital business enablement) and operational excellence (i.e., efficiency, process cost and business process automation).
Earning Criteria
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The Hackett Group’s Purchase-to-Pay (P2P) Performance study is a self-reported assessment by P2P leaders who have direct responsibility for managing the end-to-end P2P process and wish to compare their team's performance against peer group and top performer organizations. The objective of the study is to provide the opportunity to benchmark purchase-to-pay capabilities and performance against more than 50 key metrics focused on efficiency (e.g., cost-per-transaction, cycle times, productivity)
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Top Performance is determined based on Purchase-to-Pay (P2P) Performance study responses. The Hackett Group defines top performer organizations as those that achieve top-quartile performance in business value (i.e., a composite of stakeholder experience, digital enablement and traditional effectiveness metrics) and operational excellence (i.e., a composite of efficiency and business process automation metrics).