Vendor Invoice Management & Automated Expense Allocation = A Match to Save Millions
How one of the world’s largest corporations united vendor invoice management and automated expense allocation into a single solution and the resulting value which has saved more than $5 million annually.
Technology to manage vendors has been around for decades. Though helping to process and manage vendor spend, these portals fail to allocate expenses internally and support day-to-day financial operations.
What if you could couple vendor invoice management and automate expense allocations in a single solution? Late payment elimination, accurate invoicing and streamlined financial operations would follow, leading to millions in real, annual savings.
Join former CFO of Global Operations at GE and now CEO of FourQ, Varun Tejpal, as he walks the audience through:
- How one of the world’s largest corporations automated expense allocation as part of managing its vendors and the steps taken
- Quantified benefits and business process efficiencies that can be realized across internal stakeholders, including procurement, finance, controllership and treasury
- Best practices and technology considerations when coupling invoice management with expense allocation, including tax and regulatory factor
This webinar qualifies for one CPE credit.
Penton Learning Systems, dba International Quality and Productivity Center (IQPC) and SSON, is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Website: www.learningmarket.org. This program stands as BASIC as there are no prerequisites or advanced preparation requirements to attend our conferences. “Group Internet Based” delivery method.
Speakers:
Varun Tejpal
Co-founder and CEO
FourQ
Varun Tejpal leads FourQ’s overall corporate strategy and execution. Prior to co-founding FourQ, he was CFO of Global Operations for GE where he began his career and worked for 17 years. As the finance leader for the global shared services function, he managed a $1.5 billion cost footprint for more than 8,000 employees across 12 global regions. Varun has deep experience in driving ongoing rigor to achieve commercial, financial, and operational goals. He holds a BA in Commerce and Economics from Dehli University and an MBA from Symbiosis Centre for Management & HRD.
Adam Laura
Head of Commercial Finance
FourQ
Adam Laura is Head of Commercial Finance at FourQ. In his role, he focuses on strategy development to support business growth. This includes financial planning, reporting and market analysis to optimize company performance. Prior to joining FourQ, he supported other enterprise fintech companies by building business plans from inception through execution. Adam holds a Bachelors of Science in Finance from Roger Williams University
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