During 2017, PNC continued efforts to minimize business risk by maturing and enhancing its enterprise third-party management system. This platform helps the company identify, manage and mitigate third-party risk and comply with regulatory requirements related to managing key suppliers. It also demonstrates PNC’s commitment to providing the tools and resources that support a holistic approach to managing risk across the organization. Also during the year, our supply chain organization successfully deployed a procure-to-pay model to facilitate the end-to-end management of the third-party life cycle.
By supporting this type of procurement structure, which leverages technology to streamline the entire buying process for goods and services needed for our company — from supplier selection to payment — PNC is better positioned to further deliver on its commitment to create a sustainable supply chain. Furthermore, our customers will benefit from our ability to track supplier performance and to measure and improve departmental performance and customer service. The streamlining of our procurement functions, as well as the elevation of our accounts payable department from a back-office operation to a strategic component of our overall supply chain, are key steps toward creating and maintaining a more sustainable operation.
Employer of Choice
Diversity & Inclusion
Military & Veteran Support
We have tools to help you bank when and where you want.Mobile Apps Directory »
Be part of our inclusive culture that strives for excellence and rewards talent.Visit PNC Careers »
The PNC Financial Services Group, Inc. All rights reserved.