Why a Supplier-First, Network-Driven Approach to Accounts Payable Offers Maximum Digitization, Automation, and Growth Potential for the Supply Chain
Tradeshift's vision is to connect every company in the world, creating economic opportunity for all. Join Joseph V Dworak, Regional Vice President of Sales, Western US, to discuss how a supplier-first, B2B Network-driven approach to e-invoicing and accounts payable creates optimal efficiencies and value for both sides of the supply chain.
There is a slow-moving disruption happening in the AP world - and it’s gaining momentum every day. It used to be that digital transformation was the next evolution of Accounts Payable but more and more there is a revolution overtaking AP to include Procurement - and no, it’s not Procure to Pay or even Source to Pay. The next revolution in Accounts Payable? B2B Marketplaces.
Now more than ever buyers are challenged to better collaborate with their sellers to ensure the equitable flow of funds, mitigate supply chain disruption, and to ensure both buyers and sellers remain stable - even scale operations, allowing for supply chain maturity and growth. These relational stages can be easily distilled down to digitize, automate, and grow. And it’s revolutionizing the way AP works.
The injection of a B2B marketplace not only transforms the office of Accounts Payable but also all of the other stakeholders in every transaction - internal and external. It revolutionizes the way that Procurement and AP interact - uncovers the gaps between strategic and tail spend, and further exposes how the entire supply chain can support itself. In this session we’ll uncover:
- Has Accounts Payable digitalization actually precipitated a new age of technological innovation?
- Have buyers and sellers sufficiently transformed their supply chain operations to better digitally transact with each other?
- How can Accounts Payable work with their Procurement teams to leverage the new and growing demands of the supply chain?
- How has the proliferation of S2P fundamentally changed the AP/Procurement process and impacted the supply chain?
- What are the innovations that every business should know about to better prepare themselves for future disruptions and expectations of supply chains?
Speakers
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