Typically, Shared Services Center (SSCs) automation initiatives have been undertaken to reduce costs and improve efficiency.
This whitepaper explores how analytics, robotics, next-gen cloud computing, cybersecurity, and evolving budget tools will shape tomorrow’s organizations
Procurement and finance departments can reduce wasteful spending and improve processes if they both use a single purchase-to-pay (P2P)\ solution. The challenges in both procurement and finance are similar, and they work with the same supplier base, but in many instances disparate systems prevent them from collaborating effectively.
With vast amounts of data flowing through the procurement and finance departments every day, procure-to-pay (P2P) professionals are in a unique position to deliver critical information to the enterprise, if only they can unlock, aggregate, organize and analyze the data.
Using Open Orbit’s Expertise Automation platform – HSBC users were able
to complete analysis of their back- office operations.
completed in 75% less time (4 weeks instead of the
– 4 months). Users guided by Open Orbit’s algorithm
were able to suggest a few pivotal changes to IT systems
staff training that resulted in HSBC doubling mortgage processing capacity.
For more details you can download the full case study.