Learn the latest in fraud trends in procure to pay and why traditional protections are not enough. According to the ACFE 2016 “Report to the Nations," companies using proactive fraud monitoring experience faster fraud detection and lower losses.
From investments in supplier information management and vendor portals, to adopting working capital initiatives and much more, 90 senior executives gathered with APEX Analytix to discuss what they’ll be prioritizing this year.
An advanced cognitive technology and innovation system, including IBM Watson®, integrated into APEX Analytix software and services to drive continuous financial improvement for our clients through smarter recoveries, controls, analytics and working capital.
A supplier portal can make a huge impact on any global financial organization. Companies using portal technology for supplier onboarding, supplier self-service, reporting and discounting can experience significant, bottom-line benefits – from lower costs and risks to improved insights that benefit future contract negotiations. To extend the returns on their supplier portal investment even further, many companies are now adding e-invoicing capabilities.
Today’s businesses collect huge volumes of transactional data, much of it found in vendor master files and payables databases. But are you getting maximum value out of what you collect? Adding specialized analytics and big data expertise to your operations can help you get the most out of the data you own – managing your spend more effectively.
These five best practices – culled from some of the industry’s largest and most successful procure-to-pay teams – can help you break through barriers and move your operations from “good” to “great.”
In an Aberdeen Group study, nearly half of retailers said their business systems are inadequate to support the new ways they do business.
Are you using the procurement data your company gathers to its maximum benefit? Companies who harness and analyze that data effectively are able to make smarter, better-informed decisions that benefit their business in significant new ways.