Rising costs and a changing landscape are forcing retail companies to reexamine legacy systems and restructure. While there tends to be a focus on front-end process improvements, retailers need to extend these improvements to their back-end processes, particularly in accounts payable (AP) and procurement.
Retail organizations are encountering industry-specific challenges, many of which were exacerbated by the pandemic. In the face of these challenges, organizations are looking for operational efficiencies to improve profitability.
This eBook serves as a guide for finance leaders, examining how automation can resolve the significant challenges of manual AP processes and the value it adds to the retail supply chain.
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AP and Procurement teams that have already optimized their P2P strategies are experiencing a number of improvements to their working capital performance, including greater liquidity, increased profits and improved operational efficiencies. This eBook focuses on the benefits of positive working capital and the P2P strategies for achieving the correct level.
This whitepaper, written in partnership with Levvel Research, will offer guidance for organizations that are looking to transform their P2P by delineating the soft and hard costs of manual methods and discussing the possible ROI from automation. It will also present steps for securing buy-in for a solution and a roadmap for those on their P2P implementation and optimization journey.
This White Paper serves as a guide for finance leaders, examining how automation can resolve the significant challenges of manual AP processes and the value it adds to the retail supply chain.
Date: Tuesday, April 23rd, 2024
Time: 12:00am
SoftCo's Brian Bertges and Jason Hery discuss the importance of Accounts Payable Automation
Inefficient accounts payable practices result in late payments and lack of visibility which hurt your business….