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Research

5 Reasons to Digitise the Procure to Pay Process

Find out why digitising your Procure-to-Pay process should be a priority for your organisation, in a context where performance, compliance with regulatory requirements, the fight against fraud and resilience are more important than ever.

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Download this white paper and discover:

• The key challenges businesses are facing in their AP process
• How to cut processing times by six and more, and eliminate time-consuming tasks
• How to control risks and fight against fraud attempts
• The easiest way to manage and improve your supplier relationships
• Why companies must adapt now in a constantly changing environment.

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A Checklist for Developing a Future-Proof AP Organisation

cover kofax checklist 2A recent report from The Hackett Group has outlined a set of six areas that top performing companies are prioritising for optimisation of AP processes. While they include lowering transaction costs, increasing transparency and gaining more control over payment timing, they go beyond these basic objectives and take a more comprehensive approach to information, analytics, employees and technologies so that no gaps are left in processes.

 

 

In this report, you'll learn:

• The information, analytics and enabling technology capabilities of AP top performers
• The skills, training and automation technology that best enable workers at top-performing companies
• How top performing companies use technology to enable organisation and governance, service partnering and service design
• A checklist of service delivery objectives for maturing as an AP organisation
• Approaching the future with flexibility and maintaining a competitive edge requires a comprehensive approach to AP-focused
  P2P automation. Use this report to develop your future-proof strategy.

Download the report in full.

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Controlling AP Costs

controlling AP covTurning AP from Reactive to Proactive

The financial crisis created by COVID-19 makes the need for accounts payable (AP) and procure-to-pay (P2P) teams to be proactive in reducing costs and protecting cash increasingly urgent.

This new report by FISCAL Technologies identifies the areas most vulnerable to cash leakage and highlights opportunities to cut costs and achieve successful recoveries.

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Analysing trends for Future Insights - 2010 to 2020

A Decade of Change and of Continuity

PPN Survey 2020 covThe new decade has given us the opportunity to look back over the last ten years to see how the procure to pay environment and the wider business community has changed and flexed over the years.

The backdrop of a difficult UK economy in 2010, still struggling to climb out of the depths of 2008, provided the impetus for many organisations to try to do more with less and make efficiencies where possible.

This report is derived from a study incorporating the online results of 90 senior influencers and decision makers involved with Procure to Pay, Finance, procurement and the supply chain.

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