How to Boost Your Bottom Line by Integrating Procure-to-Pay Processes

Coordinate and streamline procurement and accounts payable operations

Amid their efforts to streamline operations and reduce costs, companies have automated many back-office finance functions in recent years. But, as is the case with accounts payable and procurement operations, automation alone does not guarantee efficiency and productivity.

How do you know whether you are realizing the full value of your accounts payable and procurement operations? If your company is regularly failing to match contract terms with payments or is exposed to operational risks because of late payments, then your procurement and payment processes may be in need of a makeover.

During this Webcast, we will share research findings from CFO Publishing and expert recommendations that reveal how senior finance leaders can foster a culture of collaboration that brings disparate payment and procurement tasks together into an integrated, automated, end-to-end procure-to-pay process.

You will learn how you can lead your finance team to:

  

  • Coordinate and streamline procurement and accounts payable operations;
  • Capture savings negotiated in your existing contracts while leveraging spend data to inform upcoming negotiations with suppliers; and
  • Emerge as a strategic partner with other areas of your company -- and with suppliers -- to establish more flexible payment terms, minimize penalties, gain greater control over spending and boost the bottom line.

About the Speaker

Hannah Smith

Assistant Marketing Manager at CFO

CFO

Hannah Smith's LinkedIn page

CFO.com offers daily stories geared specifically for finance executives. Coverage includes original reporting on new accounting standards, recent capital-raisings, risk management, and professional career development. The site also features proprietary benchmarking tools and calculators, plus a full set of related directories, special reports, and buyer’s guides. In addition, CFO.com provides complete online editions of CFO magazine.
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