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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This white paper details how organizations can deploy third party P2P solutions to leverage their NAV investment, outlines integration methods, and presents results that companies have achieved including 80% cost reductions.
SoftCo10 automates a range of financial processes on a single fully integrated system with a consumer-type user experience. This paper explains the highlights of SoftCo10 and what this new platform means for finance leaders, including remarkable benefits: 80% cost reductions and 100% visibility and control.
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.