For organizations with multiple entities in different locations, decentralization of finance functions results in complexity, duplication of resources, and a lack of visibility over financial processes.
Centralizing finance functions is an effective solution for standardizing processes, reducing overheads and labor costs, and obtaining a clear view over the whole organization. Automating procure-to-pay processes allows organizations to reap additional benefits including improved control over spend, faster invoice processing times, and enhanced employee productivity.
Centralizing and automating finance leads to significant benefits, including standardization, the elimination of duplicated tasks, and a reduction in labor costs by up to 80%. This paper outlines how to achieve these results while overcoming the challenges of internally centralizing finance, including change management.
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.