AP Sits on a (Data) Gold Mine: Leveraging Analytics to Strategically Transform Accounts Payable

On-Demand | Free

In·voice/ˈinˌvois/noun

A list of goods sent or services provided, with a statement of the sum due for these; a bill.

The invoice is one of the most basic commercial documents, yet vital to the efficient exchange of goods and services. But beyond the basics – paying suppliers for goods and services delivered as agreed – what critical business intelligence contained in this most basic business transaction can be mined for strategic business intelligence with advanced AP analytics?

This webinar will highlight how AP automation and advanced data analytics can re-position Accounts Payable as a purveyor of key strategic business insights, including:

  • Supplier Information Management – how many suppliers are being utilized across various spend categories? How are they performing? Are they compliant with tax and regulatory requirements? Which suppliers represent the greatest risk?
  • Spend Analytics – where and how is the company spending its’ money? What buying strategies – forward buying, hedging, spot buys, etc. – should be implemented based on demand signals? Are rebates and credits being maximized? Are there cost recovery opportunities due to over/duplicate payments?
  • Working Capital Management – are early pay discounts and card rebates being maximized? Where are dynamic discounting opportunities more advantageous than extending DPO?
  • Process Compliance – when and why are process defects occurring where non-compliant or No-PO purchases being made? Are effective controls in place? Is there a proper balance between process control and efficiency?

MarkBrousseau-square-180x180

Mark Brousseau
Special Projects Editor, IOFM

Mark Brousseau is a noted analyst, speaker, writer and marketer, with more than 21 years of experience in advising leading providers of financial operations solutions and services.

Brousseau is president of Brousseau & Associates, a full-service strategic marketing and business development consultancy with the largest client base of any firm of its kind. Brousseau & Associates counts among its clients many top solutions and services providers in the payables, receivables, payments, document management, and healthcare verticals.


richard-waughRichard Waugh
VP Corporate Development, Zycus

Richard has an extensive background in B2B E-Commerce. He helped launch GE’s Trading Process Network (TPN), the first on-line Marketplace for Sourcing and Procurement. He was also Co-Founder of B2eMarkets, one of the first SaaS (Software as a Service) Sourcing Suite providers and later covered the Supply Management market as an Industry Analyst for the Aberdeen Group.


Continuing Education Credits available:

AP CertificationPP-OC_seal_APP_outline.FNL

Receive 1 CEU toward renewing APM, APS, APPM or APPS certification from the Institute of Finance and Management! The Accounts Payable Certification and Procure-to-Pay Certification Programs are designed to establish standards for the profession and recognize Accounts Payable and Procure-to-Pay professionals who, by possessing related work experience and passing a comprehensive exam, have met stringent requirements for mastering the Accounts Payable and Procure-to-Pay bodies of knowledge.


This webinar is provided free of charge and underwritten by a sponsor. Following the webinar, you may be contacted by the sponsor with information about their products and services.

Register for this on-demand webinar by completing the fields below.

Having issues registering using the form below? Call 207-842-5557 or email customerservice@iofm.com for assistance.

 

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