According to 4 Ways Procure-to-Pay Automation Helps Accelerate Business Growth from the Institute of Finance & Management (IOFM), 81% of CFOs see identifying and targeting areas of new value across the business as one of their main responsibilities. “Hello procurement, this is finance. Let’s talk.”
With the goal of increasing competitiveness, efficiency and profitability — regardless of the global economic climate — the C-Suite, particularly the CFO and other financial leaders, see process automation through wider adoption of digital technologies as the way forward.
And they recognize that to truly accomplish organizational transformation, automating P2P is the key to start accelerating business growth.
This whitepaper from IOFM and Corcentric explores the many ways automated procure-to-pay technologies, from POs to e-invoicing and ERP integration can help businesses increase net profit margins, improve agility, mitigate the risk of compliance violations and much more. Topics include:
- How digitizing processes can lead to increased margins
- Delivering actionable insights to the enterprise
- Freeing up cash by optimizing working capital
- Mitigating compliance risks
Download the full white paper to learn more about how increasing automation with a procurement–finance tag team can also increase your bottom-line impact.