Distribution executives can no longer afford to view their IT department as merely a cost center. In today's competitive landscape, information technology represents a strategic, cost-saving, revenue-generating differentiator.
Accounts Payable is a fundamental activity for nearly all businesses. Pick any enterprise and you can bet there is an AP function at the heart of financial operations. The obligation to pay
off short-term debt is one that every company must satisfy. But more than that, the process to do it must be efficient and productive. If you get behind on your obligations you risk missing
important financial discounts, defaulting with creditors, and damaging your reputation with suppliers and stakeholders.
CFOs face the challenges associated with Accounts Payable…and it’s easy to lose sleep. As other areas of business and commerce have become more and more paperless, the accounts
payable process in most organizations remains mired in paper copies and manual workflow. The result is an often costly and people-intensive process that leaves companies vulnerable to
competitors and financial executives with a growing unease over the inherent inefficiencies.
World-class AP departments know something you don’t know, but we’re going to let you in on their secrets. Ardent Partners conducted an independent research study in order to gain a comprehensive, industry-wide view of accounts payable (AP). The study draws on the experience of over 200 AP professionals and its findings reveal what Best-in-Class AP department are doing that make them stand out from their peers.
Published By: Epsilon
Published Date: Sep 18, 2012
To be successful in the current landscape, retail marketers must adapt their marketing messages to match the specific format, time and methods of consumers. Download this whitepaper to learn how retailers are boosting their CEM strategies.
Manual processing of vendor invoices presents a roadblock to the success of your accounts payable (AP) department and overall business objectives. As you look to automation to get your company on the right track, consider this guidebook your map along the 7-step path to AP automation success.
Traditional accounts payable (AP) departments face the challenges associated with processing paper invoices on a daily basis— challenges that can take away your company’s competitive advantage.
Luckily, there’s a better way to handle AP processing: automation.
See how AP automation solutions can help you:
• Process vendor invoices up to 65% faster
• Reduce purchase-to-pay costs by 40-60%
• Achieve processing accuracy up to 99%
• Maintain 100% process visibility
• Automatically archive invoices electronically
Learn more about the benefits your company can achieve with AP automation– Read the eBook now!
There is a noticeable shift occurring in the world of order management. Traditionally, projects related to order-taking were spearheaded by the customer service department. Not anymore. The pressures of today’s global economy have forced supply chain functions to play a more direct and strategic role in reducing costs, improving the customer experience, and driving added value throughout the organization. Naturally, supply chain leaders now have a significantly higher rate of interest and involvement in order management initiatives.
Supply chain leaders work in a competitive environment, and in order to get ahead of the competition, they are increasingly turning to order processing automation solutions.
Find out the four key reasons automation is emerging in the supply chain. Download now!
In today’s highly competitive business environment, many organizations are expanding through mergers and acquisitions (M&As). Unfortunately, success comes at a cost. Growth via M&A activity often involves absorbing disparate ERP applications, which, over time, can create significant inefficiencies — particularly in the accounts payable (AP) department. The good news is, AP automation is emerging as an end-to-end solution that forward-thinking organizations can use to eliminate AP-related silos and maximize their market potential.
Businesses with a complex ERP environment have several choices when it comes to AP automation solutions.
This white paper is intended to assist AP and finance leaders, along with ERP system administrators, in evaluating their options, simplifying the decision-making process, and getting the absolute most out of their AP automation investment.
Accounts receivable (AR) is no second-rate department. Not only is it usually the largest company asset, it deals directly with customers and cash flow — things businesses can’t do without. You'd think internal AR processes would be on the cutting edge of innovation, right? Yeahhh … not so much.
While departments like sales, marketing and payroll have embraced the use of software solutions, AR has been slow to catch up, with many still relying on sticky notes, calendar reminders and spreadsheets to manage post-sale collections activities.
Read this eBook to discover how automation can:
• Be a complementary tool that eliminates tedious tasks
• Be multi-dimensional, in that its usage can be extended into other areas of AR
• Drive repeat sales and allow you to get paid faster
Download the eBook now to discover more about Accounts Receivable Automation!
When folks in AR hear the word automation, it doesn't necessarily bring to mind the most positive, reassuring thoughts. Change is never a seamless process but distinguishing fact from fiction can go a long way.
Every AR department has the same goals - reduce operating costs, collect payments faster and strengthen their relationships with customers - AR automation is simply a tool to help accomplish them.
Learn why AR automation shouldn't be scary and why it matters more than ever in this insightful white paper.
With little to no oversight into billing and collections‚ it can be hard to evaluate and improve the performance of accounts receivable (AR) processes — but not anymore.
AR Automation solutions provide access to critical analytics that go beyond DSO to transform your AR department into a more strategic‚ value-added operation.
Read our new AR Analytics Playbook to discover the six essential metrics that can bring big gains in efficiencies‚ such as:
• Faster customer payments
• Reduced administrative costs
• Enhanced collections efficiencies
• Improved customer retention
The competition isn’t getting any weaker. Start strengthening your business with an AR automation solution today!
Wasted time is wasted money — and accounts receivable (AR) departments can waste a lot of both with antiquated billing and collections methods.
Download the new white paper‚ Winning the Billing & Collections Battle‚ to learn how your organization can overcome common obstacles in every phase of AR by:
• Automating invoice delivery without format restrictions
• Giving your customers self-service access to invoices
• Modernizing post-sale collections interactions
• Going beyond DSO with advanced KPIs and analytics
With a complete AR management solution‚ time and money is on your side!
Read IOFM’s latest AP & P2P white paper on the digital, profitable and strategic future of AP.
Accounts payable remains a very paper- and labor-intensive department. Fortunately, the future of AP may be closer than we think.
In this insightful white paper, composed of 2018 IOFM survey results from over 200 respondents, readers will better understand the future of AP including answers to questions like:
What technologies will be most important to AP’s future?
How will AP operate and how will its role change?
What challenges will the AP function face?
IOFM has the AP insights. Get them here. Download now.
No matter what future you see ahead for your accounts payable (AP) organization, one thing is sure: If your organization is going to succeed in the emerging digital trade and commerce environment, it will need to process transactions more efficiently than ever, have faster access to AP information, and be able to act upon information and identify opportunities more quickly.
This will require AP organizations to transform their processes with digital technologies. Accounts payable departments that delay their digital transformation initiatives risk falling behind their peers and putting their business at a competitive disadvantage in the global business landscape.
This white paper details the growth of digital technologies, the dangers of relying on manual and semi-automated AP payable processes, the benefits of using digital technologies in AP, and how effective change management ensures the success of digital transformation efforts.
It seems like most vendors offer a single solution meant to appease every AR department … but that’s not what you need. You need a solution built for you — not for everybody.
In this eBook, you’ll get tips for picking the perfect solution for your company to automate what needs automating in your AR department while:
• Increasing visibility with real-time metrics & reporting
• Boosting productivity by eliminating tedious tasks
• Providing customers with a self-service portal
The AR modules offered by ERP systems are good for many things. But it’s what they can’t do that often makes the difference between a top-performing AR department and one that’s just skating by.
In this fun and insightful 18-page workbook, we explore how AR automation can not only make your processes run more efficiently, but translate into strategic business benefits like:
• New opportunities due to an improved customer experience
• Greater scalability thanks to fewer technological restraints
• Happier, more productive staff thanks to fewer manual tasks
Bad accounts receivable (AR) practices are bad for business. Think your AR department is making all the right moves? It’s easy to find out.
Download the interactive eBook 7 Worst Practices in AR to see the root causes of AR performance issues, and how robotic process automation can be your vehicle to the path of invoicing excellence.
It’s too important to be awful — see where your AR is going wrong!
Ignoring the potential of AR analytics is a losing game. In order to boost your collection rate and maximize resources, departments should be analyzing a plethora of statistics — not just DSO.
This playbook discusses the six metrics your AR department should be paying attention to and how they can separate themselves from competition and provide customers with an improved experience by:
• Measuring Key Performance Indicators (KPIs)
• Making process improvements based on analytics
• Centralizing collection activities
Accounts receivable (AR) is simple in theory. Keep the bills going out and the money coming in. But controllers and finance directors know the deal: There’s a lot of “other stuff” that gets in the way.
This 17-page white paper highlights how robotic process automation simplifies what really matters to the success of AR departments. Discover how it can unlock added value in your business thanks to:
• Improved customer experience & staff satisfaction
• Reduced DSO & improved employee productivity
• Enhanced tracking & forecasting via customized KPIs
What's in the white paper?
Like all areas of the finance team, the accounts payable department is tasked with working smarter and doing more with less. The challenge is that many organizations are drowning in paper invoices, spreadsheets and manual AP processes.
A digital transformation can create more automated workflows, easier tracking of payments, and more overall accountability and visibility. In addition, the data collected can support a more predictable cash flow and a stronger negotiating position with vendors.
This white paper will examine AP’s role in reimagining the entire finance process as part of the purchase-to-pay cycle, including:
• Avoiding costs of processing paper invoices and payments
• The role of the CFO in mitigating risks of manual processes
• The value of AP integration with e-payable solutions
AP Data You Should Leverage
Positively impact your organization
What's in the research report?
Access to accurate, real-time data is more important than ever in today’s fast-paced business world — particularly in a department as important as AP. But what data should you be analyzing to improve performance and make the biggest impact?
This research report details KPIs that provide valuable insights to stakeholders and key executives, based on three categories:
• Operational: track overall efficiency
• Financial: impact the bottom line
• Supplier: related to suppliers
Are you ready to rid your order management process from the pains of paper? Have you explored the advantages that automation could bring your department and entire company?
If so‚ it’s time to sell order processing automation to upper management and other key stakeholders!
Read our new white paper to discover how order processing automation in an ERP environment benefits the entire organization with:
Cost savings due to fewer IT requirements and manual tasks
Complete visibility and control thanks to customizable dashboards
Improved employee productivity and customer satisfaction
Opportunities to “grow lean” as order volumes increase
Start building your business case and impressing top executives with your initiative by downloading the white paper today!
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Our portfolio of live events, online and print publishing, business intelligence and professional development brands are centred on the complexities of technology convergence. Operating in 42 different countries, we have developed a unique global knowledge and networking platform, which is trusted by over 30,000 ICT, engineering and technology professionals.
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