Accounts Payable and Procurement are both critical links in the P2P value chain. Procurement negotiates the right rates from the right suppliers, while Accounts Payable is tasked with paying the right amount at the right time. But too often they are separated by both organizational and process silos, and neither knows what the other is doing.
As a result, companies lose millions in negotiated savings and opportunity costs each year because of operational inefficiencies and lack of visibility into the entire P2P process. In this session, you will learn how to align Procurement and Accounts Payable through an end-to-end, closed-loop source-to-settle process to achieve operational excellence and, in the process, transform Accounts Payable into a high-performing profit center.