Studies have shown that best-in-class Accounts Payable departments are 156% more likely to measure AP performance on a monthly or more frequent basis. By creating reports in an automated Accounts Payable solution, there is no need to shuffle through filing cabinets to locate invoices or decipher data into useful information. Instead, automation enables AP to collect performance metrics quickly to ensure the information they provide is timely and actionable. Also, by using these metrics, AP can quickly identify bottlenecks in their processes, streamline invoice approval workflows, and accelerate payment cycles to capture early-payment discounts from suppliers.
Webinar highlights include:
• Dashboard capability variances between solutions
• Types of reports included in today’s automation solutions
• The benefits of dashboarding
• KPIs to measure for performance improvement
For more than 15 years, Corcentric’s cloud-based financial process automation solutions have revolutionized how the world’s largest organizations manage and protect their financial assets. By connecting best practices with deep expertise, Corcentric’s ground-breaking Accounts Payable and Accounts Receivable automation solutions have enabled organizations to reduce costs, streamline processes, and provide unmatched visibility executives need to make critical business decisions.
Learn more at corcentric.com or call 888.525.7677.