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Finance balances risk and reward, while attempting to maximize the business wealth and value of its stock. Accounts Payable, Procurement and Sourcing are several functions that can bring financial impact and increased financial performance quickly to the organization. Streamlining the business process, collaboration between the teams solutions aimed at efficiency and effectiveness and a talented resource mix are the main components to making this significant impact.
Research has shown leading companies who focus on increasing value contribution in Accounts Payable and Procurement and Sourcing can significantly impact their financial performance. Leading companies that have improved their Purchase to Pay processes find operational savings of up to 40% or more, not to mention greatly improved visibility and compliance. And among the top few hundred Fortune 500 companies, Source to Settle impact has yielded an average 14.6% increase in operating margin and 12.8% in Return on Invested Capital.
Join us at this complimentary, Finance-focused Lunch & Learn session for a discussion on the five ways to improve financial impact in your organization. The interactive session will focus on how automation of the Purchase to Pay and Source to Settle processes and advanced solutions that can significantly impact your:
- Gross Margin
- Operating Margin
- Return on Assets
- Return on Invested Capital
- Earnings per Share