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Allow vendor or Allow for/update Load contract into Allow vendor to Create and approve
update vendor catalog in contract repository submit e-invoices requisition or spot buy
master data purchasing system
Issue purchase
order (PO)
Low cost
Low benefits
Investigate and resolve Process invoices Scanning no Certification Fulfill PO and track order
invoice exceptions Low cost longer required of reception High sensitivity to
Low cost Low benefits Low impact the client situation
Medium to high benefits
Blockchain impact Process payment Validate accuracy of Issue payment Diminished need to
Baseline cost Low cost payment, payment and remittance handle vendor/end
run and perform to vendor user inquiries through
Medium to
reconciliations Low cost support center
high benefits
Low cost Medium to
Medium to high benefits
high benefits
Source: Accenture, September 2016
Use of digital age procurement assets such as PTP As in all its current blockchain
cloud, enterprise resource planning, engagements, Accenture can work
cryptocurrencies business process outsourcing (BPO) with clients from ideation to design
Blockchain technology allows firms to use and people deployed to the PTP. It and through the prototyping steps in
this digital-based medium of exchange should also balance the benefits of order to demonstrate blockchain’s real
which is based on financial institution adopting blockchain with the cost world benefits in a PTP application.
generated currency. It also offers users of integrating this technology to
instantaneous transactions, near real‑time existing systems such as validation
logging and audit capabilities, thus workflows, accounting system and
providing borderless transfer of ownership. the cost to address cyber security.