Today’s Chief Financial Officers are constantly looking for ways to reduce costs and improve efficiency. A review of back office processes highlights the procure-to-pay function as a perfect candidate for automation given its tendency to be manual and paper intensive.
Procure-to-pay (P2P) refers to the entire process by which organizations buy and pay for goods and services, from the request for the product to the issuance of the purchase order (PO), receipt of the goods, and finally the processing and payment of the supplier invoice.
For many companies, the P2P process is still primarily manual and paper-based. When the volume of invoices increases for example, these manual procedures begin to struggle and show their limitations. This white paper explains the details behind transforming this paper based process which leads to considerable results, such as a 300% improvement in invoice processing times.
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.
This white paper summarizes the challenges of managing data and documents in a modern organization, the key features of leading ECM systems, and the benefits that ECM provides, including 100% control and visibility throughout entire document lifecycles.
This white paper outlines how to achieve standardization and reduce labor costs by up to 80% while overcoming the most common challenges of internally centralizing finance.