Integrating AP/AR Automation for Visibility, Efficiency & Highly Collaborative Operations

The  pandemic  has  accelerated  the  need  for  Finance  Shared  Services to  be highly efficient to  ensure  business  efficiency and  employee  and  supplier satisfaction. With  the economy  opening  up  and  the  industry  competitiveness  rising,  cost control and process efficiency is pivotal to business growth. Now more than ever, Finance Shared Services leaders must consider strategies that go beyond immediate gains and pave the way for continuous improvement and value-creation. We conducted a poll session and it was found that:

  • 65.5% too much manual work
  • 41% of the finance professionals lack visibility & Tracking tools
  • 24% lack of digital workflow and collaboration

Visibility, Efficiency & Highly Collaborative Operations is what organisations today is trying to achieve with technology especially with AI Driven automation technology. Collaboration and visibility is the key to achieving efficiency for many companies, bringing employees, customers and suppliers together into one equation.

“People are our greatest assets, and that comes with giving them the right tools. Greater engagement, performance and positivity are the results if you have great tools and processes.”

Ross Mackay, Group Head of Global Shared Services and Finance Optimisation, International SOS

Using Technology for Visibility, Efficiency & Highly Collaborative Operations

International SOS successfully optimised their finance processes using accounts payable, accounts receivable (Invoice Delivery, Collection Management & Cash Application) to achieve Visibility, Efficiency & Highly Collaborative Operations. In this session, discover the top 5 benefits achieved by International SOS:

  • Centralise all providers of documents & speed up cash conversion cycles
  • Promote collaboration within employees, suppliers, and customers
  • Automate end to end process with 100% visibility
  • Improve customers / suppliers’ relationship
  • Motivate, develop, retain talents