How to Realize Your Full Shared Services Potential: A Global Manufacturing Company’s Story
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Implementing a shared service center is often heralded as the way for finance to accomplish that formidable yet common mandate: decrease costs while increasing quality. And for good reason—centralizing AP processes has again and again been shown to lower processing costs, improve productivity, provide visibility, and reduce lost invoices.
However, as management at Brady Corporation quickly learned when they implemented a shared service center to serve their global enterprise, realizing these benefits is evolutionary— not revolutionary. It was not until Brady Corp. empowered AP employees with financial process automation that the company more fully unlocked the potential of its shared service center.
In this one-hour webinar, Brady Corp.’s Global Business Process Solutions Manager will explain each stage in his company’s shared service evolution. Learn how he harnessed the power of AP and AR automation to nudge his finance function into the category of best-in-class processing, and finally secured results such as a doubling the straight-through processing rate and cutting invoice processing time in half.