According to Ardent Partners, the average processing time for invoices is over 10 days, however, best-in-class organizations who are leveraging procure-to-pay automation systems take only 3 days. The same study found that these best-in-class organizations are also saving over $11 on every invoice that they process.
These are just a couple of benefits procure-to-pay automation can provide for organizations. This white paper focuses on the drive for implementing a third-party P2P solution and integrating it with Oracle.
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Organizations are beginning to realize the importance of vendor management, with it amongst the top procurement initiatives for 2021. Those that have already prioritized vendor management, are experiencing a number of improvements in areas that include supply chain efficiency, vendor relations, compliance, and risk reduction.
AP and finance teams that are already leveraging RPA are experiencing powerful benefits across a number of dimensions including reduced costs, improved compliance, quality/accuracy, and productivity.
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.
Date: Wednesday, February 15th, 2023
Time: 12:00am
In this webinar Brian Bertges and Jason Hery from SoftCo discuss why AP Automation is a must in 2023.
For accounts payable teams, effortlessly sailing through audits sounds like a dream. But if you have…