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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This whitepaper, written in partnership with Levvel Research, will offer guidance for organizations that are looking to transform their P2P by delineating the soft and hard costs of manual methods and discussing the possible ROI from automation. It will also present steps for securing buy-in for a solution and a roadmap for those on their P2P implementation and optimization journey.
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.