In the drive to improve efficiency and productivity, many enterprises have turned to Shared Services Centers (SSCs) as a solution to centralize control and reduce costs. Yet, despite improvements, most organizations still have not got Accounts Payable (AP) right, remaining stuck with predominantly manual, siloed processing. Without automation, even Shared Services can only go so far.
Despite the efficiencies gained by centralizing control over invoices, many Finance SSCs are still held back by inefficient processes, late payments, high operating costs, overwhelming numbers of exceptions, inaccurate reporting, limited visibility of invoice spend and a lack of invoice flow traceability. How can AP break through this to become a value and profit engine in Shared Services?
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