Global PayEX optimises working capital via AR/AP automation

As the biggest global crisis continues to unfold, SSCs retain their foothold as one of corporates’ key levers to meet the pandemic’s working capital demands. Establishing a holistic vision for a digital SSC, along with a clear roadmap towards the end-goal, is key to transforming your finance organization from being cost centers to value-driving centers in this volatile environment. The session aims to outline the building blocks towards digitizing manual processes and how banks can play an essential role in accelerating your SSC’s digital journey.

Finance functions have the potential to unlock working capital improvement by optimizing Procure to Pay (P2P) and Order to Cash (O2C) processes improving the Cash Conversion Cycle (CCC). The vision – providing framework on the Shared Service Centers ecosystem digitized environment, process, technologies, and stakeholders.

Join APQC and Ryan Berza, J.P. Morgan’s Vice President of APAC Treasury Solutions, for a webinar on modernizing your finance organization from being a cost center to a value-driver with a digital Shared Services Center vision, where Ryan will discuss creating a framework to implement frictionless finance processes, synergized platforms, and a shift to real time data.

Webinar participants will learn about:

Envision a digitized landscape of the SSC’s processes, technologies, and stakeholders
Outline initiatives to reach the digital SSC vision
Leverage bank capabilities that augment, supplement, or innovate the SSC’s automation requirements

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Watch Lockstep and AvidXchange share how automation can improve efficiency, maximize working capital, and free up time to focus on stronger vendor and customer relationships. They discuss:

• Accounts Receivable Benchmarks – Where do you stack up?

• The current and future state of B2B Payables

• Is investing in automation worth it?

A presentation for TMAC membership monthly meeting

Automating accounts payable makes this time-consuming process more efficient and accurate. What’s not to like? By reducing the amount of manual tasks associated with accounts payable–like receiving invoices, coding them, routing them for approval, payment and reconciliation–AP automation helps businesses improve relationships with suppliers and partners, while saving time and money, reducing days sales outstanding (DSO), and thus, improving cash flow.

Associated Article: https://www.netsuite.com/portal/resource/articles/accounting/ap-automation.shtml

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