Today, companies are seeking even greater process efficiencies and cost reductions throughout the enterprise.
Spearheading these efforts within the finance group, AP is transforming their operations from an outdated cost center model, into a profit center of excellence. By enabling a touchless invoices process via a business network, AP is removing itself from a manual and exception handling process to more strategic areas affecting their company’s bottom-line.
Several strategic outcomes affected by simplifying AP processes is the ability to optimize and rationalize payment terms and to take full advantage of early pay discounts.
If you’re interested in learning how companies capture $millions in discounts, for every $billion in spend, then you’ll be excited to attend a particular session at SAP Ariba Live: Buy Right-Pay Right – The Vital Role of Payables in Procure-to-Pay Transformation and Working Capital Excellence
Where: The Cosmopolitan – Las Vegas, NV When: Tuesday, March 15, 1:30 – 2:45pm
In this session, you’ll learn how companies Southern California Edison, and Sempra Utilities both took advantage of opportunities within their payables group to:
• Capture early payment discounts
• Increase cash returns
• Enable supplier self-service
• Free up working capital and free cash flow
• Become more compliant with contracts
Attend this session to learn how organizations are automating payables to enforce compliance with contracts, gain supplier support for electronic payments, and improve management of cash and working capital.