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
