Our Perfect Payable Index (P square I) framework measures the total value generated by AP function across four dimensions that are dependent on 100+ variables with 4000+ combinations. The framework establishes linkages with upstream impact such as PO penetration, PO compliance, standard payment terms to its translation to downstream changes in invoice processing and exception resolution.
This is where Genpact and Celonis Combine their Strengths:
Drive accountability at a holistic level through a single index
Specialized data analytics to identify business impact opportunities around process performance, cash optimization, compliance health, etc., and improving overall user experience
Drive efficiency to reduce overall cost of ownership
The Perfect Payable Index (P square I) helps organizations assess the overall maturity of their Accounts Payable (AP) function and identify the transformation areas to focus on.
a. Payable Process Index
This index helps you assess and improve on the accuracy and timeliness aspects of various activities performed in the AP function.
b. Payable Business Index
This index helps you assess and optimize on cost and cash components, e.g., ability to realize discounts offered by vendors and keep invoice processing cost low.
c. Payable Compliance Index
This index helps you measure and strengthen the controls and compliance.
d. Payable Experience Index
This index helps you assess and drive enhanced user experience for different stakeholders.
This functionality helps you identify the drivers which impact your AP organization the most and their sensitivity on the overall impact. This unique functionality is designed based on Genpact’s rich domain expertise which helps in identification of focus areas based on interdependent variables which influence the overall health of the AP function.
This functionality recommends pointed transformation opportunities to improve the performance of your AP organization.
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