Tips on how to Boost Efficiency in the Accounts Payable Process
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Achieving efficiency in Accounts Payable (AP) is a constant goal for shared services centers (SSC). While many AP organizations have gone paperless, the best-in-class industry performers have gone touchless.
One of these top performers is Sonae, a key player in the global retail arena with a presence in 67 countries across the globe. With over three million invoices processed every year, becoming more efficient in AP was a key target for Sonae. Hear Sonae’s Nuno Guerreira explain how his SSC leveraged technology to
- reduce errors
- improve invoice approval times, and
- achieve significant savings.
We’ve also invited The Hackett Group's Amy Fong to share key benchmarking data and discuss best practices for improving efficiency across Accounts Payable. Get a solid benchmark to measure how your AP organization compares to top P2P performers. In addition, Lexmark’s Art Sarno will highlight some of the key AP automation technologies that can help organizations move beyond paperless, to touchless, AP processes.
*This session was originally featured in the SSON Virtual Open House on September 15th 2015
Nuno Guerreiro’s career began at Ernst & Young, where he worked in the financial audit area, developing activities in Portugal, Mozambique and Angola. He joined SONAE with responsibility for coordinating Internal audit and risk management departments in several divisions. For the last 3 years he assumed the AP function in the SSC for the retail division of SONAE Group and has focused on decision-making and the implementation of document management and touchless AP processes.
Fong is an Advisor for The Hackett Group’s Procurement Executive Advisory program. She has 17 years experience in both industry and consulting with a focus on procurement, supply chain and organizational effectiveness. She has managed numerous complex global supply chain partnerships, sourcing, supplier performance & relationship management, outsourcing evaluation and implementation, sourcing and cost improvement for the North American, Asian, and South Pacific markets
Sarno has held senior marketing, sales and operations positions in the areas of social media and big data analytics, enterprise content management, imaging and document management, business process management and business intelligence. Prior to Lexmark, Art held positions at Cloud2Ground Technologies, OpenText Corporation, and Unisys Corporation, among others, where he received the “Outstanding Achievement Award” for establishing the metadata management and repository market.