It's Time to Accelerate AP Automation for Growth
Purchase to Pay Network
Bringing together leaders across Finance, P2P, AP and Procurement - elevating careers, passionate about people
In a rapidly evolving & uncertain financial landscape, transformation is no longer an option, it’s something that all organisations need to embrace. To remain competitive, businesses need to optimise their processing, and move away from the grip of paper-based, difficult to interpret and hard to trace transactions. Sounds easy, right? But getting it right, is not always so straightforward.
We know that by investing in tools that automate the AP process, CFOs can create a digital connection to suppliers which helps to avoid supply chain disruptions, while creating efficient reporting capabilities. But achieving the ROI highlighted on the business plan, means taking the time to get the mechanisms right, from the outset - the right people, a well-communicated change management plan and a series of outcome based objectives along the way.
If managed properly, AP automation will reduce invoice exceptions by taking human error out of the equation. Plus, it will deliver operational efficiencies by freeing up accounts payable, procurement and department managers and moving them on to more value-adding activities. Ultimately - it improves supplier relationships through increased transparency in processes - while helping to make sure organisations stay compliant and that suppliers are paid on time. Happy suppliers means less AP time spent dealing with exceptions and invoice queries.
On 3rd October, we'll be talking to Mushtaque Ahmed, Managing Director at JJ Food Service Limited as he discusses his own transformation success story. From adopting new technologies, to streamlining processes and rethinking dated processes, Mushtaque Ahmed and Killian McCarthy, Sales Director, SoftCo will join PPN to discuss the key drivers of finance transformation and how to leverage them to drive growth and stay ahead of the curve.
Come and join us here >>>https://register.gotowebinar.com/register/1386861727829584733
#P2P #AccountsPayable #Finance #SupplyChain #APAutomation #AI #Procurement