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 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.
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.
Accounts payable automation can help organizations improve efficiency, maintain compliance, and free up AP staff to focus on growth initiatives. But how do you build a case for AP Automation?
Date: Wednesday, June 12th, 2024
Time: 12:00am
Mark Brousseau and SoftCo's Adam McDonagh discuss the latest fraud schemes in AP, and how implementing automation overcomes these risks.
In Part 1, I looked at what it actually takes to build an AI-powered AP automation…