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.
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.
74% of European organizations believe that they still are not fully prepared for the arrival of Are you prepared? Download this white paper by @Softcogroup to get started
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: Wednesday, June 21st, 2023
In this webinar Brian Bertges and Jason Hery discuss manual challenges faced by AP teams and how SoftCoAP can rapidly solve these.
Balancing the need for customer requests and upgrades with the demands of software development and deployment…